Bifogade filer
Kurs
+5,33%
Kalender
Tid* | ||
2025-01-31 | 12:00 | Bokslutskommuniké 2024 |
2024-12-02 | - | X-dag kvartalsutdelning ALIV SDB 7.672322 |
2024-10-18 | - | Kvartalsrapport 2024-Q3 |
2024-09-03 | - | X-dag kvartalsutdelning ALIV SDB 6.9782824 |
2024-07-19 | - | Kvartalsrapport 2024-Q2 |
2024-05-22 | - | X-dag kvartalsutdelning ALIV SDB 7.2487864 |
2024-05-10 | - | Årsstämma |
2024-04-26 | - | Kvartalsrapport 2024-Q1 |
2024-03-11 | - | X-dag kvartalsutdelning ALIV SDB 7.090904 |
2024-01-26 | - | Bokslutskommuniké 2023 |
2023-11-27 | - | X-dag kvartalsutdelning ALIV SDB 7.417916 |
2023-10-20 | - | Kvartalsrapport 2023-Q3 |
2023-09-06 | - | X-dag kvartalsutdelning ALIV SDB 7.236966 |
2023-07-21 | - | Kvartalsrapport 2023-Q2 |
2023-05-24 | - | X-dag kvartalsutdelning ALIV SDB 6.978048 |
2023-05-11 | - | Årsstämma |
2023-04-21 | - | Kvartalsrapport 2023-Q1 |
2023-03-07 | - | X-dag kvartalsutdelning ALIV SDB 6.917658 |
2023-01-27 | - | Bokslutskommuniké 2022 |
2022-11-21 | - | X-dag kvartalsutdelning ALIV SDB 7.00656 |
2022-10-21 | - | Kvartalsrapport 2022-Q3 |
2022-09-06 | - | X-dag kvartalsutdelning ALIV SDB 6.937536 |
2022-07-22 | - | Kvartalsrapport 2022-Q2 |
2022-05-23 | - | X-dag kvartalsutdelning ALIV SDB 6.350272 |
2022-05-10 | - | Årsstämma |
2022-04-22 | - | Kvartalsrapport 2022-Q1 |
2022-03-07 | - | X-dag kvartalsutdelning ALIV SDB 6.264704 |
2022-01-28 | - | Bokslutskommuniké 2021 |
2021-11-26 | - | X-dag kvartalsutdelning ALIV SDB 5.8192 |
2021-10-22 | - | Kvartalsrapport 2021-Q3 |
2021-09-08 | - | X-dag kvartalsutdelning ALIV SDB 5.300628 |
2021-07-16 | - | Kvartalsrapport 2021-Q2 |
2021-05-27 | - | X-dag kvartalsutdelning ALIV SDB 5.135026 |
2021-05-12 | - | Årsstämma |
2021-04-23 | - | Kvartalsrapport 2021-Q1 |
2021-02-09 | - | X-dag kvartalsutdelning ALIV SDB 0 |
2021-01-26 | - | Bokslutskommuniké 2020 |
2020-11-04 | - | X-dag kvartalsutdelning ALIV SDB 0 |
2020-10-23 | - | Kvartalsrapport 2020-Q3 |
2020-08-13 | - | X-dag kvartalsutdelning ALIV SDB 0 |
2020-07-17 | - | Kvartalsrapport 2020-Q2 |
2020-05-15 | - | X-dag kvartalsutdelning ALIV SDB 6.072342 |
2020-05-07 | - | Årsstämma |
2020-04-24 | - | Kvartalsrapport 2020-Q1 |
2020-02-19 | - | X-dag kvartalsutdelning ALIV SDB 6.040412 |
2020-01-28 | - | Bokslutskommuniké 2019 |
2019-11-19 | - | X-dag kvartalsutdelning ALIV SDB 5.967996 |
2019-10-25 | - | Kvartalsrapport 2019-Q3 |
2019-08-20 | - | X-dag kvartalsutdelning ALIV SDB 5.9923 |
2019-07-19 | - | Kvartalsrapport 2019-Q2 |
2019-05-21 | - | X-dag kvartalsutdelning ALIV SDB 5.975002 |
2019-04-26 | - | Kvartalsrapport 2019-Q1 |
2019-02-21 | - | X-dag kvartalsutdelning ALIV SDB 5.773316 |
2019-01-28 | - | Bokslutskommuniké 2018 |
2018-11-20 | - | X-dag kvartalsutdelning ALIV SDB 5.5796 |
2018-10-26 | - | Kvartalsrapport 2018-Q3 |
2018-08-21 | - | X-dag kvartalsutdelning ALIV SDB 5.683044 |
2018-07-27 | - | Kvartalsrapport 2018-Q2 |
2018-05-22 | - | X-dag kvartalsutdelning ALIV SDB 5.4348 |
2018-05-08 | - | Årsstämma |
2018-04-27 | - | Kvartalsrapport 2018-Q1 |
2018-02-21 | - | X-dag kvartalsutdelning ALIV SDB 4.8238 |
2018-01-30 | - | Bokslutskommuniké 2017 |
2017-11-21 | - | X-dag kvartalsutdelning ALIV SDB 5.0606 |
2017-10-26 | - | Kvartalsrapport 2017-Q3 |
2017-09-14 | - | Kapitalmarknadsdag 2017 |
2017-08-22 | - | X-dag kvartalsutdelning ALIV SDB 4.8696 |
2017-07-21 | - | Kvartalsrapport 2017-Q2 |
2017-05-16 | - | X-dag kvartalsutdelning ALIV SDB 5.3314 |
2017-05-09 | - | Årsstämma |
2017-04-28 | - | Kvartalsrapport 2017-Q1 |
2017-02-14 | - | X-dag kvartalsutdelning ALIV SDB 5.1632 |
2017-02-02 | - | Bokslutskommuniké 2016 |
2016-11-15 | - | X-dag kvartalsutdelning ALIV SDB 5.3014 |
2016-10-27 | - | Kvartalsrapport 2016-Q3 |
2016-08-17 | - | X-dag kvartalsutdelning ALIV SDB 4.9036 |
2016-07-22 | - | Kvartalsrapport 2016-Q2 |
2016-05-17 | - | X-dag kvartalsutdelning ALIV SDB 4.7229 |
2016-05-10 | - | Årsstämma |
2016-04-29 | - | Kvartalsrapport 2016-Q1 |
2016-02-17 | - | X-dag kvartalsutdelning ALIV SDB 4.7444 |
2016-01-29 | - | Bokslutskommuniké 2015 |
2015-11-17 | - | X-dag kvartalsutdelning ALIV SDB 4.8661 |
2015-10-23 | - | Kvartalsrapport 2015-Q3 |
2015-10-01 | - | Kapitalmarknadsdag 2015 |
2015-08-19 | - | X-dag kvartalsutdelning ALIV SDB 4.7808 |
2015-07-17 | - | Kvartalsrapport 2015-Q2 |
2015-05-19 | - | X-dag kvartalsutdelning ALIV SDB 4.7047 |
2015-05-05 | - | Årsstämma |
2015-04-22 | - | Kvartalsrapport 2015-Q1 |
2015-02-18 | - | X-dag kvartalsutdelning ALIV SDB 4.45 |
2015-01-29 | - | Bokslutskommuniké 2014 |
2014-11-18 | - | X-dag kvartalsutdelning ALIV SDB 4.0104 |
2014-10-23 | - | Extra Bolagsstämma 2014 |
2014-10-23 | - | Kvartalsrapport 2014-Q3 |
2014-08-18 | - | X-dag kvartalsutdelning ALIV SDB 3.5112 |
2014-07-18 | - | Kvartalsrapport 2014-Q2 |
2014-07-18 | - | Analytiker möte 2014 |
2014-05-19 | - | X-dag kvartalsutdelning ALIV SDB 3.3738 |
2014-05-06 | - | Årsstämma |
2014-04-25 | - | Kvartalsrapport 2014-Q1 |
2014-02-18 | - | X-dag kvartalsutdelning ALIV SDB 3.3503 |
2014-01-31 | - | Bokslutskommuniké 2013 |
2013-11-18 | - | X-dag kvartalsutdelning ALIV SDB 3.2617 |
2013-10-24 | - | Kvartalsrapport 2013-Q3 |
2013-10-24 | - | Analytiker möte 2013 |
2013-08-19 | - | X-dag kvartalsutdelning ALIV SDB 3.2698 |
2013-07-19 | - | Kvartalsrapport 2013-Q2 |
2013-05-20 | - | X-dag kvartalsutdelning ALIV SDB 3.1654 |
2013-05-07 | - | Årsstämma |
2013-04-26 | - | Extra Bolagsstämma 2013 |
2013-04-26 | - | Kvartalsrapport 2013-Q1 |
2013-02-19 | - | X-dag kvartalsutdelning ALIV SDB 3.318 |
2013-01-31 | - | Bokslutskommuniké 2012 |
2012-11-19 | - | X-dag kvartalsutdelning ALIV SDB 3.3898 |
2012-10-23 | - | Extra Bolagsstämma 2012 |
2012-10-23 | - | Kvartalsrapport 2012-Q3 |
2012-10-09 | - | Analytiker möte 2012 |
2012-08-20 | - | X-dag kvartalsutdelning ALIV SDB 3.1298 |
2012-07-20 | - | Kvartalsrapport 2012-Q2 |
2012-05-21 | - | X-dag kvartalsutdelning ALIV SDB 3.2892 |
2012-05-08 | - | Årsstämma |
2012-04-27 | - | Kvartalsrapport 2012-Q1 |
2012-02-13 | - | X-dag kvartalsutdelning ALIV SDB 3.0266 |
2012-02-01 | - | Bokslutskommuniké 2011 |
2011-11-15 | - | X-dag kvartalsutdelning ALIV SDB 2.96 |
2011-10-21 | - | Kvartalsrapport 2011-Q3 |
2011-08-16 | - | X-dag kvartalsutdelning ALIV SDB 2.89791 |
2011-07-21 | - | Kvartalsrapport 2011-Q2 |
2011-07-21 | - | Analytiker möte 2011 |
2011-05-03 | - | X-dag kvartalsutdelning ALIV SDB 2.5875 |
2011-04-20 | - | Kvartalsrapport 2011-Q1 |
2011-02-01 | - | Bokslutskommuniké 2010 |
2011-02-01 | - | X-dag kvartalsutdelning ALIV SDB 2.587 |
2010-11-02 | - | X-dag kvartalsutdelning ALIV SDB 2.32925 |
2010-10-26 | - | Kvartalsrapport 2010-Q3 |
2010-08-03 | - | X-dag kvartalsutdelning ALIV SDB 2.154 |
2010-07-23 | - | Kvartalsrapport 2010-Q2 |
2010-05-06 | - | Årsstämma |
2010-04-27 | - | Kvartalsrapport 2010-Q1 |
2010-01-29 | - | Bokslutskommuniké 2009 |
2009-10-20 | - | Kvartalsrapport 2009-Q3 |
2009-07-21 | - | Kvartalsrapport 2009-Q2 |
2009-05-06 | - | Årsstämma |
2009-04-21 | - | Kvartalsrapport 2009-Q1 |
Beskrivning
Land | Sverige |
---|---|
Lista | Large Cap Stockholm |
Sektor | Industri |
Industri | Fordon |
Stockholm, Sweden, April 26, 2024
(NYSE: ALV and SSE: ALIV.sdb)
Q1 2024: Broad based improvements
Financial highlights Q1 2024
$2,615 million net sales
5% net sales increase
5% organic sales growth*
7.4% operating margin
7.6% adjusted operating margin*
$1.52 EPS, 77% increase
$1.58 adjusted EPS*, 76% increase
Full year 2024 guidance
Around 5% organic sales growth
Around 0% FX effect on net sales
Around 10.5% adjusted operating margin
Around $1.2 billion operating cash flow
All change figures in this release compare to the same period of the previous year except when stated otherwise.
Key business developments in the first quarter of 2024
- Record first quarter sales, increased organically* by 5%, which was 6pp better than global LVP decline of 1% (S&P Global April 2024). We outperformed in all regions, mainly due to new product launches and higher prices carried over from last year.
- Profitability improved substantially, driven mainly by organic growth and cost reduction activities. Operating income was $194 million and operating margin was 7.4%. Adjusted operating income* improved from $131 million to $199 million and adjusted operating margin* increased from 5.3% to 7.6%. Return on capital employed was 19.7% and adjusted return on capital employed* was 20.2%.
- Strong cash flow improvement. Operating cash flow improved by $168 million and free cash flow* improved by $171 million. The leverage ratio* of 1.3x was close to unchanged compared to three months earlier and 0.3x lower than a year earlier despite returning $0.7 billion to shareholders as dividends and share repurchases in the last 12 months. In the quarter, a dividend of $0.68 per share was paid, and 1.37 million shares were repurchased and retired.
Key Figures
[][][][][][]
(Dollars in millions, Q1 Q1 Change
except per share data) 2024 2023
Net sales $2,615 $2,493 4.9%
Operating income 194 127 52%
Adjusted operating 199 131 51%
income[1)]
Operating margin 7.4% 5.1% 2.3pp
Adjusted operating 7.6% 5.3% 2.3pp
margin[1)]
Earnings per share[2)] 1.52 0.86 77%
Adjusted earnings per 1.58 0.90 76%
share[1,2)]
Operating cash flow $122 $(46) n/a
Return on capital 19.7% 13.0% 6.7pp
employed[3)]
Adjusted return on 20.2% 13.4% 6.8pp
capital employed[1,3)]
1) Excluding effects
from capacity
alignments and
antitrust related
matters. Non-U.S. GAAP
measure, see
reconciliation table.
2) Assuming dilution
when applicable and
net of treasury
shares. 3) Annualized
operating income and
income from equity
method investments,
relative to average
capital employed.
Comments from Mikael Bratt, President & CEO
We delivered record first quarter sales, outperforming global LVP growth by 6pp. We outperformed in all regions, including China despite a negative LVP mix development with domestic Chinese OEMs growing by 17% and global OEMs declining by 5%. It is encouraging that our sales in India grew organically by 27%.
Sales in India are now larger than in South Korea, accounting for more than 4% of our global sales.
We delivered results in line with what we previously communicated, despite LVP being 1pp below what was expected three months ago, and we are on track to deliver on our full year outlook. We expect a record number of product launches in 2024, despite some OEMs changing certain vehicle model launch plans, mainly for EV platforms.
Profitability continued to improve significantly, driven mainly by volume growth and cost reductions. Restructuring activities are yielding results with indirect headcount declining by around 1,000, or by more than 5%, in the past 12 months.
Our continued focus on balance sheet efficiency is supporting our strong performance for cash flow, cash conversion, and return on capital employed.
I am particularly pleased with our leverage ratio of 1.3x, which declined significantly compared to a year ago, despite returning $0.7 billion to shareholders and investing in footprint optimization and growth. To support future growth, we are currently investing in increased capacity in Vietnam, China and India.
We are facing inflationary pressure again this year and we continue to expect compensation for what is in excess of what we can offset through normal productivity measures. The discussions with our customers are progressing according to plan.
As we have previously communicated, we expect the seasonality of past years to likely continue in 2024, with a gradual improvement throughout the year, leading to a full year adjusted operating margin* of around 10.5%. Key drivers for the full year margin progression are organic growth, our structural and strategic cost reduction initiatives, and a lower call-off volatility.
The 2024 development we expect should set up a solid base towards a continued high level of shareholder returns and our target of around 12% adjusted operating margin*.
Inquiries: Investors and Analysts
Anders Trapp
Vice President Investor Relations
Tel +46 (0)8 5872 0671
Henrik Kaar
Director Investor Relations
Tel +46 (0)8 5872 0614
Inquiries: Media
Gabriella Etemad
Senior Vice President Communications
Tel +46 (0)70 612 6424
Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on April 26, 2024