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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

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.
2023-10-20 12:00:00

Stockholm, Sweden, October 20, 2023
(NYSE: ALV and SSE: ALIV.sdb)

Q3 2023: Another strong quarter

Financial highlights Q3 2023

$2,596 million net sales
13% net sales increase
11% organic sales growth*
8.9% operating margin
9.4% adjusted operating margin*
$1.57 EPS, 30% increase
$1.66 adjusted EPS*, 35% increase

Updated full year 2023 indications

Around 17% organic sales growth
Around 1% positive FX effect on net sales
Around 8.5% - 9.0% adjusted operating margin
Around $900 million 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 third quarter of 2023
  • Sales increased organically* by 11%, which was 7pp better than global LVP growth of 3.8% (S&P Global October 2023). We outperformed in all regions, mainly due to new product launches and higher prices.
  • Profitability improved substantially, positively impacted by price increases, organic growth, and our cost reduction activities. Operating income was $232 million and operating margin was 8.9%. Adjusted operating income* improved from $173 million to $243 million and adjusted operating margin* increased from 7.5% to 9.4%, despite inflationary pressure and adverse FX effects. Return on capital employed was 24% and adjusted return on capital employed* was 25%.
  • Operating cash flow remained strong, albeit declining from $232 million to $202 million, mainly due to temporary negative working capital effects. Free cash flow* decreased to $50 million from $68 million. The leverage ratio* was unchanged at 1.3X compared to the second quarter of 2023. A dividend of $0.66 per share was paid, and 1.23 million shares were repurchased and retired in the quarter.

*For non-U.S. GAAP measures see enclosed reconciliation tables.

Key Figures

[][][][][][]
(Dollars in millions, Q3 Q3 Change 9M 9M Change
except per share data) 2023 2022 2023 2022
Net sales $2,596 $2,302 13% $7,724 $6,507 19%
Operating income 232 171 36% 453 429 5.5%
Adjusted operating 243 173 40% 586 365 60%
income[1)]
Operating margin 8.9% 7.4% 1.5pp 5.9% 6.6% (0.7)pp
Adjusted operating 9.4% 7.5% 1.8pp 7.6% 5.6% 2.0pp
margin[1)]
Earnings per share[2)] 1.57 1.21 30% 3.04 3.06 (0.5)%
Adjusted earnings per 1.66 1.23 35% 4.48 2.58 73%
share[1,2)]
Operating cash flow $202 $232 (13)% $535 $251 114%
Return on capital 24.2% 18.0% 6.2pp 15.6% 15.3% 0.3pp
employed[3)]
Adjusted return on 24.5% 18.4% 6.2pp 19.8% 13.1% 6.7pp
capital employed[1,3)]
1) Excluding effects
from capacity
alignments, antitrust
related matters and
the Andrews litigation
settlement. 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

Our performance in the third quarter was very encouraging. Our organic sales growth continued to significantly outperform LVP and the adjusted operating income was a new third quarter record since the spin-off in 2018.

I am pleased that our strong performance in the third quarter was broad based, with improvements in several key areas - both
year-over-year and sequentially - including gross and operating margin, labor efficiency and SG&A and RD&E costs in relation to sales. Cash flow was strong, and the debt leverage remained well within our target range while maintaining our dividend and almost tripling the number of shares repurchased compared to Q2.

We continue to work hard to secure a strong medium- and long-term competitive position. In the quarter, we detailed a large part of our structural cost reduction intentions of reducing our indirect workforce by up to 2,000. In addition, the ongoing reorganization of our global functions and European operations is expected to lead to a reduced normalized tax rate. It is also encouraging for our medium- and long-term potential that we continue to improve our position in China with the fast-growing domestic OEMs. In the first nine months, we increased our sales to this group by more than 50% year over year.

We increase our full year sales indication to reflect that LVP has developed better than expected, even with the UAW strike in the U.S. We have continued to see an improvement of supply chain stability throughout the year, with reduced customer call off volatility. However, the improvement is slower than we had expected, as it deteriorated somewhat in Europe in Q3. This, together with the higher sales and adverse FX development, means that we expect a fourth quarter adjusted operating margin improvement year-over-year of around 1.5-2pp, in line with the previously communicated improvement pattern of around 2pp each quarter throughout 2023.

Our performance in the first nine months and the outlook for the final quarter of the year makes me confident that we will deliver a substantial full year increase in sales, operating cash flow and adjusted operating income. Together with the advancement of our structural cost reduction activities, the improving position with fast growing OEMs, the continued gradual improvement of supply chain stability, and the development of inflation compensation, we have a solid foundation for a continued strong development in the years to come, that support our medium-term targets.

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 October 20, 2023.