On to the next page, our sales increase of slightly more than 3% was one percentage point better than our guidance. The year-over-year margin decline of approximately 2% was due to higher raw material and R&D expense and our facility investments for growth along with underutilized facilities in Europe as a consequence of the sharp decline in light vehicle production. The negative raw material price effect of $15 million was in line with our expectation and should remain flat throughout the remainder of the year. Excluding the effects of the capacity alignment costs, our return on capital employed and return on equity remain very strong at 26 and 17% respectively.And lastly, our dividend paid to shareholders in the first quarter of $0.45 per share was the highest ever, and the total dividend amount paid was 29% higher than the previous high before the financial crisis in 2007. Since reinstating the dividend in 2010, we have returned almost one-third of our free cash flow to shareholders.
Autoliv's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.