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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.
2024-10-18 12:00:00

Stockholm, Sweden, October 18, 2024
(NYSE: ALV and SSE: ALIV.sdb)

Q3 2024: Solid sales outperformance

Financial highlights Q3 2024
$2,555 million net sales
1.6% net sales decrease
0.8% organic sales decline*
8.9% operating margin
9.3% adjusted operating margin*
$1.74 diluted EPS, 11% increase
$1.84 adjusted diluted EPS*, 11% increase

Full year 2024 guidance
Around 1% organic sales growth
Around 1% negative FX effect on net sales
Around 9.5-10.0% adjusted operating margin
Around $1.1 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 third quarter of 2024
  • Third quarter sales decreased organically* by 0.8%, which was 4pp better than global LVP decline of 4.8% (S&P Global Oct 2024). We outperformed in Europe and Asia excl. China, mainly due to high level of product launches and positive pricing. Our sales to domestic Chinese OEMs grew by 18%, which is twice as much as their LVP growth of 8.5%. Despite this, we underperformed in China, due to a substantial negative LVP mix as lower safety content models grew strongly while higher content models declined.
 
  • Profitability was unchanged despite a slight net sales decline. This was mainly due to successful execution of cost reductions and commercial recoveries and despite inflationary cost increases and a $14 million cost related to a supplier settlement. Both direct and indirect headcount continued to decrease. Operating income was $226 million and operating margin was 8.9%. Adjusted operating income* was $237 million and adjusted operating margin* was 9.3%. Return on capital employed was 22.9% and adjusted return on capital employed* was 23.9%.
 
  • Operating cash flow was $177 million, as expected, and we are on track towards $1.1 billion for 2024. Free cash flow* was $32 million compared to $50 million last year. At 1.4x, the leverage ratio* remained within our target range. In the quarter, a dividend of $0.68 per share was paid, and 1.33 million shares were repurchased and retired.

*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) 2024 2023 2024 2023
Net sales $2,555 $2,596 (1.6)% $7,774 $7,724 0.7%
Operating income 226 232 (2.4)% 626 453 38%
Adjusted operating 237 243 (2.3)% 657 586 12%
income[1)]
Operating margin 8.9% 8.9% (0.1)pp 8.1% 5.9% 2.2pp
Adjusted operating 9.3% 9.4% (0.1)pp 8.5% 7.6% 0.9pp
margin[1)]
Earnings per share - 1.74 1.57 11% 4.98 3.04 64%
diluted
Adjusted earnings per 1.84 1.66 11% 5.30 4.48 18%
share - diluted[1)]
Operating cash flow 177 202 (12)% 639 535 19%
Return on capital 22.9% 24.2% (1.3)pp 21.2% 15.6% 5.6pp
employed[2)]
Adjusted return on 23.9% 24.5% (0.7)pp 22.1% 19.8% 2.3pp
capital employed[1,2)]
1) Excluding effects
from capacity
alignments, antitrust
related matters and
for FY 2023 the
Andrews litigation
settlement. Non-U.S.
GAAP measure, see
reconciliation table.
2) Annualized
operating income and
income from equity
method investments,
relative to average
capital employed.

  
Comments from Mikael Bratt, President & CEO

Light vehicle production was weak in the third quarter, declining by close to 5% globally. This was driven by a combination of inventory reductions, especially in the Americas and a high comparison base, especially in China. In this tough environment, Autoliv managed to outgrow LVP by 4pp, enabling almost unchanged sales and operating income. This is despite a $14 million cost item related to a supplier settlement. 

We were able to achieve these results mainly due to our cost control, including a continued reduction of our indirect workforce. We accelerated our efficiency improvements, contributing to a reduction of direct headcount by 3,100 compared to a year earlier, which is a reduction of 6%. 

I am pleased that we outgrew LVP on a global basis following substantial outperformance in Europe and Asia excl. China. Our sales underperformed LVP in China due to a substantial negative market mix, however, our position with Chinese OEMs continues to improve. 

Based on sales trends and order intake in recent years, we expect further market share gains with domestic Chinese OEMs in the coming years.

Excess inflation compensation negotiations with our customers have developed in line with our expectations with a few negotiations still outstanding.

With the seasonally strong fourth quarter remaining of the year, we reaffirm our guidance of around 9.5-10.0% adjusted operating margin for 2024. We expect to be at the low end of this range, as we now expect full year 2024 organic growth to be 1% instead of previously expected 2% due to the unfavorable market mix development.

Our operating cash flow is on track towards the full year guidance of $1.1 billion and our balance sheet remains strong with a debt leverage of 1.4x, which supports our continued commitment to a high level of shareholder returns and our financial 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 18, 2024.