Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On April 21, 2009, Autoliv ( ALV) reported that it swung to a net loss in Q1 FY09, hurt by a double-digit decline in consolidated sales, along with increased costs related to severance and restructuring. Net loss stood at $64.10 million or $0.90 per share compared to a profit of $83.50 million or $1.11 per share in Q1 FY08. Excluding one-time items, the company lost $53.50 million or $0.75 per share. The latest quarterly consensus estimate was a loss of $0.90 per share. Total revenue fell 49.3% to $926.70 million from $1.83 billion a year ago, due to a 9.6% drop from unfavorable currency translations. On an organic basis, sales fell 40.0% or $732.00 million, amid 45.0% decline in combined light vehicle production in Western Europe and North American. Product-wise, revenue from Airbag products shrunk 49.4% to $586.50 million from $1.16 billion, dragged down by a 42.0% dip in organic sales and an 8.0% negative impact from unfavorable currency translations, partially offset contributions from newly acquired radar business. Moreover, Seatbelt products sales plunged 49.1% to $340.20 million from $668.30 million in the year-ago quarter, on account of a 12.0% drop in revenue due to unfavorable currency translations, and a 37.0% slump in organic sales on the back of overall decline in global light vehicle production. Geographically, revenue from Europe, North America, Japan and Rest of the World slipped 52.0%, 49.0%, 57.0%, and 32.0%, to $499.00 million, $204.00 million, 85.00 million, and $139.00 million, respectively. Autoliv paid a quarterly dividend to $0.21 per share for the quarter ended March 31, 2009. Going forward to Q2 FY09, ALV expects its consolidated net sales to fall in the range of 40.0% to 45.0%, with organic sales declining by more than 30.0%.