Moving on to the next slide, we continue to execute on our growth and operational strategies. Our organic sales growth and EBIT margin were slightly better than expected, despite a 10% light vehicle production drop in Western Europe.Cash flow rebounded as expected from quarter one and the operating cash flow for the first half of the year was the second best in the history of our company. We also paid a record dividend of $0.47 per share in the quarter and continue to generate strong returns on investment. Looking ahead, we see a more uncertain macro environment. For instance, in our largest market, Europe, light vehicle registration in Western Europe continue to run at a 17-year low and light vehicle production continues to decline. Due to this we announced our capacity alignment program at the start of the year.
Autoliv's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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