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2023-11-27 Kvartalsutdelning ALIV SDB 7.417916
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2023-09-06 Kvartalsutdelning ALIV SDB 7.236966
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2023-05-24 Kvartalsutdelning ALIV SDB 6.978048
2023-05-11 Årsstämma 2023
2023-04-21 Kvartalsrapport 2023-Q1
2023-03-07 Kvartalsutdelning ALIV SDB 6.917658
2023-01-27 Bokslutskommuniké 2022
2022-11-21 Kvartalsutdelning ALIV SDB 7.00656
2022-10-21 Kvartalsrapport 2022-Q3
2022-09-06 Kvartalsutdelning ALIV SDB 6.937536
2022-07-22 Kvartalsrapport 2022-Q2
2022-05-23 Kvartalsutdelning ALIV SDB 6.350272
2022-05-10 Årsstämma 2022
2022-04-22 Kvartalsrapport 2022-Q1
2022-03-07 Kvartalsutdelning ALIV SDB 6.264704
2022-01-28 Bokslutskommuniké 2021
2021-11-26 Kvartalsutdelning ALIV SDB 5.8192
2021-10-22 Kvartalsrapport 2021-Q3
2021-09-08 Kvartalsutdelning ALIV SDB 5.300628
2021-07-16 Kvartalsrapport 2021-Q2
2021-05-27 Kvartalsutdelning ALIV SDB 5.135026
2021-05-12 Årsstämma 2021
2021-04-23 Kvartalsrapport 2021-Q1
2021-02-09 Kvartalsutdelning ALIV SDB 0
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2020-11-04 Kvartalsutdelning ALIV SDB 0
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2020-05-15 Kvartalsutdelning ALIV SDB 0
2020-05-07 Årsstämma 2020
2020-04-24 Kvartalsrapport 2020-Q1
2020-02-19 Kvartalsutdelning ALIV SDB 6.040412
2020-01-28 Bokslutskommuniké 2019
2019-11-19 Kvartalsutdelning ALIV SDB 5.967996
2019-10-25 Kvartalsrapport 2019-Q3
2019-08-20 Kvartalsutdelning ALIV SDB 5.9923
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2019-05-21 Kvartalsutdelning ALIV SDB 5.975002
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2019-02-21 Kvartalsutdelning ALIV SDB 5.773316
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2018-11-20 Kvartalsutdelning ALIV SDB 5.5796
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2018-08-21 Kvartalsutdelning ALIV SDB 5.683044
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2018-05-22 Kvartalsutdelning ALIV SDB 5.4348
2018-05-08 Årsstämma 2018
2018-04-27 Kvartalsrapport 2018-Q1
2018-02-21 Kvartalsutdelning ALIV SDB 4.8238
2018-01-30 Bokslutskommuniké 2017
2017-11-21 Kvartalsutdelning ALIV SDB 5.0606
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2017-08-22 Kvartalsutdelning ALIV SDB 4.8696
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2017-05-16 Kvartalsutdelning ALIV SDB 5.3314
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2017-02-14 Kvartalsutdelning ALIV SDB 5.1632
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2016-11-15 Kvartalsutdelning ALIV SDB 5.3014
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2016-02-17 Kvartalsutdelning ALIV SDB 4.7444
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2015-11-17 Kvartalsutdelning ALIV SDB 4.8661
2015-10-23 Kvartalsrapport 2015-Q3
2015-10-01 Kapitalmarknadsdag 2015
2015-08-19 Kvartalsutdelning ALIV SDB 4.7808
2015-07-17 Kvartalsrapport 2015-Q2
2015-05-19 Kvartalsutdelning ALIV SDB 4.7047
2015-05-05 Årsstämma 2015
2015-04-22 Kvartalsrapport 2015-Q1
2015-02-18 Kvartalsutdelning ALIV SDB 4.45
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2014-11-18 Kvartalsutdelning ALIV SDB 4.0104
2014-10-23 Extra Bolagsstämma 2014
2014-10-23 Kvartalsrapport 2014-Q3
2014-08-18 Kvartalsutdelning ALIV SDB 3.5112
2014-07-18 Analytiker möte 2014
2014-07-18 Kvartalsrapport 2014-Q2
2014-05-19 Kvartalsutdelning ALIV SDB 3.3738
2014-05-06 Årsstämma 2014
2014-04-25 Kvartalsrapport 2014-Q1
2014-02-18 Kvartalsutdelning ALIV SDB 3.3503
2014-01-31 Bokslutskommuniké 2013
2013-11-18 Kvartalsutdelning ALIV SDB 3.2617
2013-10-24 Analytiker möte 2013
2013-10-24 Kvartalsrapport 2013-Q3
2013-08-19 Kvartalsutdelning ALIV SDB 3.2698
2013-07-19 Kvartalsrapport 2013-Q2
2013-05-20 Kvartalsutdelning ALIV SDB 3.1654
2013-05-07 Årsstämma 2013
2013-04-26 Kvartalsrapport 2013-Q1
2013-04-26 Extra Bolagsstämma 2013
2013-02-19 Kvartalsutdelning ALIV SDB 3.318
2013-01-31 Bokslutskommuniké 2012
2012-11-19 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 Kvartalsutdelning ALIV SDB 3.1298
2012-07-20 Kvartalsrapport 2012-Q2
2012-05-21 Kvartalsutdelning ALIV SDB 3.2892
2012-05-08 Årsstämma 2012
2012-04-27 Kvartalsrapport 2012-Q1
2012-02-13 Kvartalsutdelning ALIV SDB 3.0266
2012-02-01 Bokslutskommuniké 2011
2011-11-15 Kvartalsutdelning ALIV SDB 2.96
2011-10-21 Kvartalsrapport 2011-Q3
2011-08-16 Kvartalsutdelning ALIV SDB 2.89791
2011-07-21 Analytiker möte 2011
2011-07-21 Kvartalsrapport 2011-Q2
2011-05-03 Kvartalsutdelning ALIV SDB 2.5875
2011-04-20 Kvartalsrapport 2011-Q1
2011-02-01 Kvartalsutdelning ALIV SDB 2.587
2011-02-01 Bokslutskommuniké 2010
2010-11-02 Kvartalsutdelning ALIV SDB 2.32925
2010-10-26 Kvartalsrapport 2010-Q3
2010-08-03 Kvartalsutdelning ALIV SDB 2.154
2010-07-23 Kvartalsrapport 2010-Q2
2010-05-06 Årsstämma 2011
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 1
2009-04-21 Kvartalsrapport 2009-Q1

Beskrivning

LandSverige
ListaLarge Cap Stockholm
SektorIndustri
IndustriFordon
Autoliv är ett teknikbolag verksamma inom bilsäkerhet. Bolaget utvecklar och tillverkar säkerhetssystem för större biltillverkare runtom samtliga globala regioner. Exempel på produkter som bolaget utvecklar inkluderar radarsystem, bromssystem, bilbälten, systemintegration och airbags. Bolaget kom till 1997 vid en sammanslagning utav svenska Autoliv och amerikanska Morton. Huvudkontoret ligger i Stockholm.
2019-10-25 12:00:00

Q3 2019: Business cycle management yielding results

Financial highlights Q3 2019

$2,028m net sales
1.2% organic sales growth*
7.6% operating margin
9.0% adj. operating margin*
$0.98 EPS - a decline of 27%
$1.30 adj. EPS* - a decline of 4%

Full Year 2019 indications

Around (2)% net sales growth
Around 1% organic sales growth
Around 9% adj. operating margin

Key business developments in the third quarter of 2019
  • Organic growth outperformed global light vehicle production by 4.6pp mainly due to China and Americas.
  • Profitability still impacted by global LVP decline and high raw material costs, although less than previous quarter, partly offset by total workforce decline of 800 vs. a quarter ago, or of 1,600 vs. a year ago.
  • Established new customer collaborations; a North American road safety center with Great Wall Motor and presented next generation passenger airbag in cooperation with Honda. 

*For non-U.S. GAAP measures see enclosed reconciliation tables. All figures herein refer to continued operations, excluding former Electronics segment, unless stated otherwise. All change figures in this document compare to the same period of previous year, except when stated otherwise.
Key Figures

[][][][][][]
(Dollars in millions, Q3 Q3 Change 9M 9M Change
except per share data) 2019 2018 2019 2018
Net sales $2,028 $2,033 (0.3)% $6,356 $6,485 (2.0)%
Operating income $154 $193 (20)% $497 $665 (25)%
Adjusted operating $183 $194 (5.7)% $532 $668 (20)%
income[1)]
Adjusted operating 9.0% 9.5% (0.5)pp 8.4% 10.3% (1.9)pp
margin[1)]
Earnings per share, $0.98 $1.34 (27)% $3.50 $5.37 (35)%
diluted[2, 3)]
Adjusted earnings per $1.30 $1.35 (3.7)% $3.87 $5.40 (28)%
share, diluted[1, 2,
3)]
Operating cash flow[4)] $195 $238 (18)% $328 $520 (37)%
Return on capital 16.2% 20.4% (4.2)pp 18.0% 20.9% (2.9)pp
employed[5)]
1) Excluding costs for
capacity alignment,
antitrust related
matters and separation
of our business
segments. 2) Assuming
dilution and net of
treasury shares. 3)
Participating share
awards with right to
receive dividend
equivalents are (under
the two-class method)
excluded from the EPS
calculation. 4) For
first 9 months 2018
management estimate for
Continuing Operations
derived from cash flow
including Discontinued
Operations. 5)
Operating income and
income from equity
method investments,
relative to average
capital employed.

Comments from Mikael Bratt, President & CEO

We experienced continued challenging market conditions in the quarter. Although the rate of decline in light vehicle production slowed down slightly, uncertainty remains high, market outlook by IHS continues to be revised down and we do not see a turnaround in LVP in the near term.

We continued to outperform light vehicle production, growing organically* about 4.6pp more than LVP in the third quarter, driven mainly by strong development in China and Americas.

Our business cycle management actions are taking effect and the adjusted operating margin* decline year over year was substantially less than in recent quarters, and it improved sequentially. LVP has continued to slide however, and we now assume 6-7% global LVP decline for 2019, which moderates our outlook to around 1% for organic sales growth and to around 9% for adjusted operating margin.

Although I am not pleased with this profit level, we achieved it in the context of LVP expectations declining by 7-8pp in just 9 months. The cost improvement actions which enabled this performance will continue relentlessly.

We reduced our workforce by an additional 800 in the quarter, or by 1,600 compared to a year ago, despite growing our sales organically* by 1.2%. Our program to reduce indirect labor costs by 5% is developing as planned and we expect it to impact our costs meaningfully as of the fourth quarter 2019.

In addition to LVP and raw material headwinds, the strike at General Motors in North America is also affecting our sales.

Being close to our customers supports our short- and long-term business opportunities and this quarter we announced two new customer collaborations - the North American road safety research lab together with Great Wall Motor and the next generation passenger airbag in cooperation with Honda. Our order intake share remained on a good level in the quarter, supporting a prolonged sales growth outperformance.

As always, it is of utmost importance to focus on quality and execution to secure a strong long-term performance for our company.

Conference call and webcast
An earnings conference call will be held at 2:00 p.m. CET today, October 25, 2019. Information regarding how to participate is available on www.autoliv.com. The presentation slides for the conference call will be available on our website shortly after the publication of this financial report.

Inquiries: Investors and Analysts
Anders Trapp
Vice President Investor Relations
Tel +46 (0)8 58 72 06 71
Henrik Kaar
Director Investor Relations
Tel +46 (0)8 58 72 06 14
Inquiries: Media
Stina Thorman
Vice President Communications
Tel +46 (0)8 58 72 06 50

     
This information is information that Autoliv, Inc. is obliged to make 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 October 25, 2019.