$2.19 adjusted EPS - an increase of 19%
Full year 2021 indications
Around 20% organic sales growth
Around 10% adjusted operating margin
Key business developments in the fourth quarter of 2020
Record net sales, for our passive safety business. Sales increased organically by 12.7%, outperforming global LVP by almost 11pp. All major regions outperformed LVP by around 9-13pp. Full year 2020 sales declined organically by 12% compared to our guidance of around 13% decline. Order intake share for the full year 2020 was around 45%.
Record operating income, driven by continued cost control and demand recovery. Adjusted operating margin improved by 1.3 pp to a ten year high of 12.4% despite around $55m in higher warranty and recall accruals. RoCE improved to 33.7% and RoE to 33.3%. Full year 2020 adjusted operating margin was 6.5% vs. our guidance of around 6%.