Announcement • May 11
Autoliv, Inc. Gradually Discontinues Manufacturing Operations in Türkiye Autoliv, Inc. continued its strategy to align production capacity with future EMEA market requirements. As part of this strategy, Autoliv will gradually discontinue its manufacturing operations in Türkiye. The automotive industry is experiencing structural shifts and unprecedented transformation on a global scale. Evolving market dynamics require ongoing evaluation and optimization of manufacturing footprint to ensure long-term competitiveness and operational sustainability. Following a comprehensive and careful assessment of its regional operations, Autoliv has decided to implement capacity alignments within the EMEA region. Management has determined that manufacturing capacity in the EMEA region exceeds future demand. As part of its capacity alignment, Autoliv will gradually discontinue its manufacturing operations in Türkiye, which includes production of steering wheels, airbags, and seatbelts. This is expected to affect approximately 2,200 employees. Production in Türkiye will be moved to Autoliv's other existing facilities in the EMEA region, with the complete closure of manufacturing operations in Türkiye anticipated in the first half of 2028. Autoliv expects to incur a final pre-tax charge of approximately $142 million for this capacity alignment. The majority of this charge is expected to be recorded in the second quarter of 2026. A non-cash charge of $13 million is anticipated from fixed asset and inventory write-offs. Cash charges of approximately $129 million are primarily for severance and employee retention costs and immaterial amounts for environmental related expenses, equipment decommissioning, and contractual releases. Severance and employee retention costs are calculated using a weighted-average, projected foreign exchange rate of 53 Turkish Lira per dollar. Autoliv will maintain a sharp focus on supporting its customers and will retain customer-facing operations in Türkiye. Autoliv remains dedicated to meeting its established standards for reliably delivering high-quality safety systems and conducting its activities in accordance with Autoliv's global standards for safety, integrity and operational excellence. Announcement • May 08
Autoliv, Inc. announces Quarterly dividend, payable on June 08, 2026 Autoliv, Inc. announced Quarterly dividend of USD 0.8700 per share payable on June 08, 2026, ex-date on May 20, 2026 and record date on May 20, 2026. Announcement • Mar 24
Autoliv and RS Taichi Partner to Advance Motorcycle Rider Protection with an Airbag Vest Autoliv, Inc. has developed its first complete wearable protection for motorcycle riders: a vest with an integrated airbag system designed to reduce critical injury risks in the event of a crash. This system is being launched in collaboration with RS Taichi, a leading manufacturer of motorcycle riding gear, who will bring it to market. This initiative complements Autoliv's motorcycle and bike offer and supports its strategy to explore opportunities beyond its core business of airbags, seatbelts and steering wheels for light vehicles. By expanding into new areas such as motorcycle rider protection, Autoliv demonstrates its commitment to innovation and market diversification. The collaboration between Autoliv and RS Taichi represents an important step in introducing advanced motorcycle rider protection to the market. Along with the recently announced launch of the airbag for the Yamaha Tricity 300 commuter scooter, both initiatives reinforce Autoliv's strategic agenda and support its vision of Saving More Lives. While Autoliv has previously supplied individual components for airbag vests, this new airbag system, featured in the new RS Taichi Airbag Vest T-SABE, represents Autoliv's first fully developed wearable protection that has been engineered from initial concept through complete system validation. Building on this foundation, RS Taichi applied its expertise to enhancing its performance in real-world riding conditions. The RS Taichi Airbag Vest T-SABE will be launched at the Tokyo Motorcycle Show on March 27-29,
2026. Announcement • Feb 23
Autoliv, Inc., Annual General Meeting, May 07, 2026 Autoliv, Inc., Annual General Meeting, May 07, 2026. Location: in-person only, United States Announcement • Jan 30
Autoliv, Inc. Provides Financial Guidance for the Full Year 2026 Autoliv, Inc. provided financial guidance for the full year 2026. For the full year, the company expected around 0% organic sales growth and around 1% Positive FX effect on net sales. Announcement • Nov 11
Autoliv, Inc. Declares Quarterly Dividend for the Fourth Quarter of 2025 , Payable On December 10, 2025 to Holders of Autoliv Common Stock Listed on the New York Stock Exchange (Common Stock); and December 11, 2025 to Holders of Autoliv Swedish Depository Receipts Listed on Nasdaq Stockholm (SDRS) Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend for the fourth quarter of 2025. Autoliv's quarterly dividend is increased by 2.4% to 87 cents per share, from 85 cents, for the fourth quarter of 2025. Assuming today's number of shares outstanding, this equals an annualized total dividend of approximately $260 million. To holders of record on the close of business on Friday, November 21, 2025 the dividend will be payable on: Wednesday, December 10, 2025 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and Thursday, December 11, 2025 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date will be: Friday, November 21, 2025 for holders of Common Stock; and Thursday, November 20, 2025 for holders of SDRs. Announcement • Oct 13
Adient and Autoliv Unveil Breakthrough in Dynamic Seat Safety Solutions Adient and Autoliv have co-developed innovative safety solutions that significantly enhance occupant protection in deeply reclined seating positions - commonly referred to as zero-gravity. These solutions, now ready for mass production, combine Adient's new seating concept, Z-Guard, with Autoliv's advanced safety technologies. As electrification and smart technologies continue to reshape the automotive industry, zero-gravity seating is gaining popularity in mid- to high-end vehicle models due to its ergonomic benefits. However, the deeply reclined posture can compromise the effectiveness of conventional safety systems, which are typically designed for standard upright seating, potentially leading to safety risks. To address this challenge, Adient and Autoliv have jointly developed a safety solution that represents a major advancement in occupant protection in deeply reclined seats positions. Multi-Dimensional Collaborative Protection: Full-Process Dynamic Safety System. Adient's Z-Guard is built around the principle of Multi-Dimensional Collaborative protection, integrating advanced constraint and energy-absorbing technologies into a dynamic safety system designed to protect occupants in the event of a collision. At its core are two key innovations: Active Cushion Collapse Mechanism: In a crash, this feature rapidly collapses the seat frame to absorb energy and adjust posture, thereby reducing spinal impact and providing protection to vital body regions. Adjustable Seat Belt Outlet: This feature adapts to various passenger postures and body types, enhancing comfort while maximizing precise restraint and minimizing risks like shoulder slippage. Complementing these innovations are additional technologies from Autoliv: the Integrated Seatbelt System for improved stability, Dynamic Lumbar Retractor for controlled restraint force, Pelvic Cushion Airbag to reduce pelvic impact, and Head Side Airbag for enhanced side collision protection in reclined positions. Together, these systems help safeguard critical areas - head, neck, chest, and pelvis - delivering truly dynamic, full-process occupant protection. Proactive Predictive Protection: Building an Intelligent Safety Shelter: The Z-Guard concept enables deep integration with vehicle driver assistance systems, tailored to OEM requirements and real-world scenarios. Leveraging predictive signals, it utilizes high-speed, motor-driven seat repositioning to adjust the occupant's posture before a collision to reduce the risk of injury. In cases where a vehicle cannot detect a crash in time or lacks active repositioning capabilities, Z-Guard still provides robust protection through dual pretensioners, cushion buffering and a collapse mechanism. These systems work in concert to prevent forward movement and submarinesining, enhancing reliable safety even in zero-gravity seating positions. toward Mass Production: Reshaping Industry Standards Together The new seating concept is designed to meet the evolving demands of cockpit electronic architecture in the era of software-defined vehicles, seamlessly integrating safety features into the smart cockpit environment. With Adient leading the commercialization, Z-Guard is now scheduled for production in a high-volume model from a major global OEM - marking a significant milestone in bringing advanced occupant protection to market. Announcement • Jul 18
Autoliv, Inc. Reiterates Earnings Guidance for the Full Year 2025 Autoliv, Inc. reiterated earnings guidance for the full year 2025. The company reiterates its full year 2025 organic sales growth has increased to around 3% due to tariff compensations. Announcement • May 08
Autoliv Declares Quarterly Dividend for Second Quarter of 2025, Payable on June 10, 2025 and June 11, 2025 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 70 cents for the second quarter of 2025. To holders of record on the close of business on May 21, 2025 the dividend will be payable on: June 10, 2025 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and June 11, 2025 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date will be: May 21, 2025 for holders of Common Stock; and May 20, 2025 for holders of SDRs. Announcement • Apr 16
Autoliv, Inc. Reiterates Earnings Guidance for the Full Year 2025 Autoliv, Inc. reiterated earnings guidance for the full year 2025. For the year, the company reiterates organic sales growth of around 2%. Announcement • Mar 12
Autoliv, Inc. SHS Swedish Depository Receipt to Be Deleted from OTC Equity Autoliv, Inc. SHS Swedish Depository Receipt will be deleted from OTC Equity effective March 11, 2025, due to Inactive Security. Announcement • Feb 03
Autoliv, Inc., Annual General Meeting, May 08, 2025 Autoliv, Inc., Annual General Meeting, May 08, 2025. Declared Dividend • Nov 14
Third quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 3rd December 2024 Payment date: 19th December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 12
Autoliv, Inc. to Report Q4, 2024 Results on Jan 31, 2025 Autoliv, Inc. announced that they will report Q4, 2024 results on Jan 31, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: US$1.74 (vs US$1.58 in 3Q 2023) Third quarter 2024 results: EPS: US$1.74 (up from US$1.58 in 3Q 2023). Revenue: US$2.56b (down 1.6% from 3Q 2023). Net income: US$138.0m (up 3.0% from 3Q 2023). Profit margin: 5.4% (up from 5.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 18
Autoliv, Inc. Revises Financial Guidance for the Full Year of 2024 Autoliv, Inc. revises financial guidance for the full year of 2024. For the period, the company with the seasonally strong fourth quarter remaining of the year, it expect organic growth to be 1% instead of previously expected 2% due to the unfavorable market mix development. Announcement • Sep 23
Autoliv, Inc.(NYSE:ALV) dropped from FTSE All-World Index (USD) Autoliv, Inc.(NYSE:ALV) dropped from FTSE All-World Index (USD) Announcement • Sep 17
Autoliv, Inc. Announces Management Changes Autoliv, Inc. appointed Fabien Dumont as Executive Vice President & Chief Technology Officer and a member of the Autoliv Executive Management Team. Fabien Dumont previously served as Vice President Engineering in Autoliv China and has been with Autoliv since 1998. In leading the Autoliv China Engineering team, Fabien Dumont has played a vital role in developing innovations and technologies that support the fast-moving Chinese market. This includes leading the design and technological transformation of the steering wheel business in China. China is an increasingly important innovation and growth hub for the global automotive industry, where the technology development is intense, with faster timelines to bring new products to market and a growing level of innovations. Fabien Dumont will continue to be based in China and close to the fast-developing market. He succeeds Jordi Lombarte who continues as Senior Technical Advisor. The change is effective immediately. Announcement • Sep 16
Autoliv, Inc. Appoints Adriana Karaboutis to Its Board of Directors Autoliv, Inc. announced the appointment of Ms. Adriana Karaboutis as an independent director to the Autoliv Board of Directors effective immediately. With the addition of Ms. Karaboutis, Autoliv has expanded its Board size from eleven to twelve directors. Ms. Karaboutis most recently served as Group Chief Information and Digital Officer of National Grid PLC, one of the world's largest public utility companies, a position she held from 2017 to 2023. She previously served as Executive Vice President, Technology, Business Solutions and Corporate Affairs at Biogen Inc., a global biotechnology company, overseeing Business Solutions from 2014 to 2017 with incremental responsibility for Corporate Affairs from 2015 to 2017. Prior to that, Ms. Karaboutis was Vice President and Global Chief Information Officer of Dell, Inc., a global technology company from March 2010 to September 2014. Ms. Karaboutis previously spent more than 20 years at General Motors Company and Ford Motor Company in various international leadership positions, including computer-integrated manufacturing, supply chain operations, and information technology. Ms. Karaboutis has served on the board of directors of Perrigo Company plc, since May 2017, Aon plc, since September 2022, and Savills plc, since March 2024, and previously served on the boards of directors of Aspen Technology, Inc., Advance Auto Parts, Inc., and Blue Cross Blue Shield of Massachusetts. She served as president of the Michigan Council of Women in Technology from 2008 to 2010 and was a board member of the Manufacturing Executive Leadership Forum from 2009 to 2014. Ms. Karaboutis also served on the Babson College advisory board for the Center for Women's Entrepreneurial Leadership. Ms. Karaboutis is appointed for a term expiring at the 2025 Annual General Meeting of Stockholders at which time the Board is expected to contract to eleven members with the retirement of Mr. Hasse Johansson. Declared Dividend • Aug 26
Second quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 4th September 2024 Payment date: 23rd September 2024 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 23
Autoliv, Inc. Declares Quarterly Dividend, Payable on September 23, 2024 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 68 cents for the third quarter of 2024. To holders of record on the close of business on September 4, the dividend will be payable on: September 23, 2024 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and September 24, 2024 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date will be: September 4, for holders of Common Stock; and September 3, for holders of SDRs. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: US$1.71 (vs US$0.62 in 2Q 2023) Second quarter 2024 results: EPS: US$1.71 (up from US$0.62 in 2Q 2023). Revenue: US$2.61b (down 1.1% from 2Q 2023). Net income: US$138.0m (up 160% from 2Q 2023). Profit margin: 5.3% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Announcement • Jun 20
Autoliv Introduces Airbag Made with 100% Recycled Polyester Autoliv continues its journey to a sustainable future by introducing airbag cushions made of 100% recycled polyester which significantly reduce the greenhouse gas (GHG) footprint of airbags. In collaboration with key supply chain partners, Autoliv has developed yarns, fabrics, and cushions made from 100% recycled polyester for use in airbag production. The completed testing of the new material demonstrates that the airbag cushion provides equal safety functionality to a standard polyester airbag while reducing GHG emissions by approximately 50% at the polymer level. Using this new recycled material is a crucial step toward Autoliv's commitment to reduce emissions across its product range and will contribute to Autoliv's ambition to achieve net-zero GHG emissions across the supply chain by 2040. Autoliv continuously develops processes and products in a resource-efficient manner while minimizing environmental impact. The airbag cushion made with 100% recycled polyester is now part of Autoliv's product portfolio, and the new material is available for global customers. Buy Or Sell Opportunity • Jun 05
Now 22% undervalued Over the last 90 days, the stock has risen 3.7% to €111. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Buy Or Sell Opportunity • May 14
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €113. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • May 13
First quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 22nd May 2024 Payment date: 12th June 2024 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Fred Lissalde was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 11
Autoliv, Inc. Declares Quarterly Dividend, Payable on June 12, 2024 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 68 cents for the second quarter of 2024. To holders of record on the close of business on May 23, the dividend will be payable on: June 12, 2024, to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and June 13, 2024, to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date will be May 22, 2024, for holders of Common Stock and SDRs. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$1.52 (vs US$0.86 in 1Q 2023) First quarter 2024 results: EPS: US$1.52 (up from US$0.86 in 1Q 2023). Revenue: US$2.62b (up 4.9% from 1Q 2023). Net income: US$126.0m (up 70% from 1Q 2023). Profit margin: 4.8% (up from 3.0% in 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Announcement • Mar 26
Autoliv, Inc., Annual General Meeting, May 10, 2024 Autoliv, Inc., Annual General Meeting, May 10, 2024, at 14:00 US Eastern Standard Time. Location: Westin Book Cadillac Hotel, 1114 Washington Blvd., Detroit Michigan City United States Agenda: To consider Election of eleven directors; to consider a non-binding advisory resolution to approve the compensation of the Company's named executive officers; to consider Ratification of the appointment of Ernst & Young AB as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider other business matters. Upcoming Dividend • Mar 04
Upcoming dividend of US$0.68 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.3%). Declared Dividend • Feb 22
Fourth quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 11th March 2024 Payment date: 27th March 2024 Dividend yield will be 2.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 89% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 20
Autoliv Declares Dividend for the First Quarter of 2024, Payable on March 27, 2024 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 68 cents for the first quarter of 2024. To holders of record on the close of business on Tuesday, March 12, the dividend will be payable on: March 27, 2024 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and March 28, 2024 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date will be March 11, for holders of Common Stock and SDRs. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$5.74 (vs US$4.86 in FY 2022) Full year 2023 results: EPS: US$5.74 (up from US$4.86 in FY 2022). Revenue: US$10.5b (up 19% from FY 2022). Net income: US$488.0m (up 15% from FY 2022). Profit margin: 4.7% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Announcement • Jan 26
Autoliv, Inc. Provides Earnings Guidance for the Full Year 2024 Autoliv, Inc. provides earnings guidance for the Full year 2024. For the period, the company expects Around 5% organic sales growth. Announcement • Nov 10
Autoliv, Inc Announces Dividend Quarterly, Payable on December 13, 2023 Autoliv, Inc. announced that its quarterly dividend will be increased by 3% to 68 cents per share, from 66 cents, for the fourth quarter of 2023. The dividend will be payable on December 13, 2023 to Autoliv shareholders of record on the close of business on, November 28. The ex-date will be November 27, for holders of common stock. Announcement • Nov 01
Autoliv, Inc. to Report Q4, 2023 Final Results on Jan 26, 2024 Autoliv, Inc. announced that they will report Q4, 2023 final results on Jan 26, 2024 Announcement • Oct 31
Autoliv, Inc. Intends to Reduce Headcount in France Autoliv, Inc. announced its intention to reduce its headcount in France as part of the previously announced initiatives to reduce its global headcount and to optimize its footprint. Today's announcement is the final major communication related to the indirect headcount reduction initiative that was announced in June. Aligned with previous communications, Autoliv continues to adapt and reduce its total workforce and to simplify its logistics and geographic footprint. These actions will significantly strengthen the company's competitive position long-term, adapting it to a substantially lower level of light vehicle production in post-pandemic Europe. Intended headcount reduction in France; Today, Autoliv announced its intention to reduce its workforce in France by about 20% or approximately 320 employees at its major plants in France. The company aims to initiate these reductions in the first half of 2024 and they are expected to be fully implemented by the end of 2025. The reduction is expected to affect 220 indirect employees mainly in production overhead but also within R,D&E and S,G&A. Additionally, as part of the footprint optimization, Autoliv intends to relocate its steering wheel manufacturing in France to other plants, affecting approximately 100 direct employees. Specific measures will be defined in compliance with the local regulations and within the framework of a dialogue with elected representatives and the social partners to determine the most appropriate provisions for the employees concerned. These actions in France are expected to generate savings of around $10 million in 2024, reaching around $20 million in 2025 and around $25 million in 2026 when fully implemented. The related costs for the headcount reduction will be accrued this quarter. This will not impact the company's adjusted operating margin for the fourth quarter or the full year 2023. With this announcement, the total announced reductions of direct headcount are around 400 and more than 1,300 for indirect headcount. Total expected annual cost savings from these announcements amount to around $45 million in 2024, reaching $85 million in 2025, and $110 million when fully implemented. Announcement • Oct 05
Autoliv, Inc. Advances Its Indirect Headcount Reductions Autoliv, Inc. provided an update on its ongoing initiatives to reduce its global headcount, including downsizings of 300 indirect employees in China, Japan, Sweden, the United States, and the closure of an office in the Netherlands. Autoliv continues to adapt and reduce its total workforce and optimize its geographic footprint. On June 8, 2023, Autoliv announced its intention to reduce up to 2,000 indirect employees. On July 13, 2023, Autoliv detailed initiatives including intended reductions of 1,100 indirect and direct employees. Today, the Company announced an additional 300 indirect employees that will leave Autoliv as part of the announced cost reduction framework. The majority of these new reductions is expected to leave the Company before year-end 2023. The related accruals for the 300 indirect employees are expected to be immaterial and will be accounted for in the third and fourth quarters of 2023. Additional non-recurring charges are expected in future quarters as Autoliv continues to advance its global headcount and structural cost reductions. Announcement • Sep 28
Autoliv, Inc. Announces Board Changes Autoliv, Inc. strengthens its insights in automotive safety as Klaus Kompass, former VP Vehicle Safety at BMW Group and Seigo Kuzumaki, former Fellow of Advanced R&D and Engineering, Toyota Motor Corporation, join the Autoliv Research Advisory Board. In the Autoliv Research Advisory Board, distinguished members exchange ideas, insights, and theories from their respective fields. The Advisory Board provides input to Autoliv's scientific impact and reviews new sophisticated products and strategies for the mobility safety market. Seigo Kuzumaki was a Fellow of Advanced R&D and Engineering at Toyota Motor Corporation. Mr. Kuzumaki's knowledge of the latest developments within the automotive industry and its current transformation is highly important for Autoliv. Klaus Kompass was VP Vehicle Safety of the BMW Group until 2020. He is an expert in all aspects of vehicle safety with a background in the development of active safety, passive safety, accident research, functional safety, and safety for automated driving - areas that are all vital for Autoliv. boldThe Autoliv Research Advisory Board consists of: John Bolte IV - PhD. Professor at The Ohio State University and Director of the Injury Biomechanics Research Center (IBRC). Hasse Johansson - MSc in Electrical Engineering from Chalmers University of Technology in Gothenburg, Sweden, member of Audit and Risk Committee at Autoliv and an independent director since 2018. Former EVP Research & Development at Scania. Managing Director of Johansson Teknik & Form. Klaus Kompass - Dipl.-Ing., University of Wuppertal. He is Adjunct Professor of vehicle safety at the Technical Universities of Berlin and Dresden, a member of the scientific boards of CARISSMA (Center of Automotive Research on Integrated Safety Systems and Measurement Area, University of Applied Sciences Ingolstadt) and Vice President Europe for FISITA. Seigo Kuzumaki - MSc in aeronautical engineering, University of Kyoto, former Fellow of Advanced R&D and Engineering, Toyota Motor Corporation. He was Program Director for SIP-adus, or Cross-ministerial Strategic Innovation Promotion Program 'Automated driving systems' at Cabinet Office, Government of Japan. Bryan Reimer - PhD. Research Scientist in the MIT Center for Transportation and Logistics, a researcher in the AgeLab, and the Associate Director of The New England University Transportation Center at MIT. Maria Segui-Gomez - MD. Full Professor in Public Health in Spain, Adjunct Associate Professor at Johns Hopkins University, School of Public Health. Visiting Professor at University of Virginia School of Medicine. MD, MPH, MSc and ScD graduate from both University of Barcelona School of Medicine (1991 & 1993) and the Harvard University School of Public Health (1995 & 1999). Mikael Bratt - President and CEO, Autoliv. Jordi Lombarte - Executive Vice President, Chief Technology Officer, Autoliv. Cecilia Sunnevång - PhD. Vice President Research, Autoliv. Announcement • Aug 22
Autoliv, Inc. Declares Quarterly Dividend for the Third Quarter of 2023, Payable on September 22, 2023 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 66 cents for the third quarter of 2023. The dividend will be payable on September 22, 2023 to Autoliv shareholders of record on the close of business on September 7. The ex-date will be September 6, for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm. Announcement • Jul 13
Autoliv, Inc. Announces Its First Steps in Adjusting Its Geographic Footprint and Aims to Close Its Sites in Elmshorn, Germany and Congleton, United Kingdom Autoliv, Inc. announced its first steps in adjusting its geographic footprint and aims to close its sites in Elmshorn, Germany and Congleton, United Kingdom. Autoliv is accelerating its global structural cost reductions, particularly within its European operations. These initiatives will simplify its logistics and geographic footprint and significantly lower its cost base. As previously announced, Autoliv intends to reduce its total workforce by up to 11%. Closure of Autoliv facility in Elmshorn, Germany. Autoliv aims to close its Elmshorn site in northern Germany and consolidate the technical center and most of its customer facing activities to its existing facility in Dachau, Germany by early 2025. The change would affect more than 500 employees working in Elmshorn. Specific measures will be defined in compliance with the local regulations and within the framework of a dialogue with elected representatives and the social partners to determine the most appropriate provisions for the employees concerned. Closure of Autoliv facility in Congleton, United Kingdom; Autoliv is evaluating a possible closure of its textile weaving facility for curtain airbags in the United Kingdom. Collective consultation with elected representatives has begun regarding the potential closure. A closure of the facility would affect around 250 employees working in the United Kingdom today, with the aim to relocate production by the end of 2025. Specific measures will be defined in compliance with the local regulations and within the framework of a dialogue with the social partners to determine the most appropriate provisions for the employees concerned. Structural Cost Reduction Accrual; Autoliv expects around $105 million to be accrued in the second quarter of 2023, primarily driven by the planned reduction of around 1,100 employees in Germany, the United Kingdom, the United States, and in Italy where Autoliv is closing its sales office. These actions should not impact the Company's adjusted operating margin for the second quarter or the full year 2023 as the Company considers these geographic footprint optimization and structural cost reductions non-recurring costs related to capacity alignment program. Additional non-recurring charges are expected in future quarters as plans materialize. Announcement • Jun 13
Autoliv, Inc. Reiterates Earnings Guidance for the Full Year of 2023 Autoliv, Inc. reiterated earnings guidance for the full year of 2023. For the year, the company expects around 15% organic sales growth. Announcement • Jun 12
Autoliv, Inc. Unveils Revolutionary Passenger Airbag Based on the Bernoulli Principle Autoliv, Inc. unveiled a patented revolutionary new passenger airbag module that is based on Bernoulli's Principle and can inflate larger airbags more efficiently as well as reduce development time and cost. The Bernoulli Airbag will be commercialized during the third quarter and on display at the Autoliv Investor Day in Auburn Hills, Michigan, USA. The new Autoliv airbag module is based on Swiss mathematical and physicist Daniel Bernoulli's fundamental principles of fluid dynamics that explain many phenomena such as how airplanes fly. Bernoulli's principle states that an increase in the speed of a fluid occurs simultaneously with a decrease in static pressure. Using this principle, Autoliv can leverage pressure differences to add a significant contribution of surrounding air to the inflation of an airbag. For the Bernoulli Airbag, the inflator will receive the signal that a crash has begun, and it will propel high pressure gases at supersonic speed through multiple inlet tubes. As the gases flow through the tubes, it will suck the surrounding ambient air into the chamber with the gases, creating aspiration, and will inflate a much larger airbag with an even smaller inflator than required. Airbags are an important safety feature in cars and can reduce the risk of death and serious injury in a crash. They work by inflating very quickly to create a cushion between the occupant and the vehicle. Airbag systems help to reduce the severity of injuries caused by impact. Announcement • Jun 02
Autoliv, Inc. to Launch its First Motorcycle Airbag in 2025 Autoliv, Inc. is pioneering improved safety for 200 m million road users through its holistic approach to motorcycle and scooter safety. The first new motorcycle safety product to reach the market will be the bag -on-bike airbag, with production beginning in First Quarter 2025. The bag-on-bike airbag can significantly reduce the risk of serious injury for powered two-wheeler riders in frontal crashes. The number of powered two-wheelers continues to rise, due to widespread urbanization and the practicality of powered two-wheelers. Today, many scooters and motorcycles are equipped with advanced safety systems, such as ABS (Antilock Braking System) and ASR (Anti-Slip Regulation), and the addition of airbags will be a further step in this direction. Powered two-wheeler riders have not benefited to the same extent as car occupants from the many developments in vehicle safety. Autoliv's extensive research into powered two-wheeler riding behavior and crashes has resulted in two sets of solutions - on-vehicle safety solutions and on-rider safety solutions. The first product to reach the market will been the bag-on-bike air bag, which is planned to go into production with the first customer in 2025. The safety of motorcycle riders is the focus of many regulators and consumer crash test organizations. Euro NCAP is targeting enhanced motorcycle rider safety by expanding vehicle crash avoidance testing to include powered two-wheeler crash scenarios. In Asia, the Malaysian Institute of Road Safety Research (MIROS) indicates that the rating of on-vehicle safety solutions will be adopted in 2024 in their Malaysian Motorcycle Assessment Program (MyMAP). Announcement • May 30
Autoliv, Inc. Appoints Magnus Jarlegren as the Next President, Effective June 1, 2023 Autoliv, Inc. has appointed Magnus Jarlegren, currently Executive Vice President, Operations, as the next President Autoliv Europe effective June 1, 2023. Magnus Jarlegren succeeds Frithjof Oldorff who will leave Autoliv to pursue new opportunities. Magnus Jarlegren brings extensive experience from leading development and change management in global operations and driving operational excellence, leading the step change of the Autoliv Production System and plant improvement. Magnus Jarlegren's direct report, Staffan Olsson, Vice President Seatbelt, will serve as the acting Head of Operations. Announcement • May 24
Autoliv, Inc. Announces Executive Changes Autoliv, Inc. announced that Petra Albuschus will join the company as Executive Vice President, Human Resources and Sustainability and will become a member of the Autoliv Executive Management Team. She will succeed Per Ericson who will retire. Petra Albuschus joins Autoliv from Swedish retail company ICA Gruppen AB where she serves as Chief Human Resources Officer and a member of the ICA Gruppen executive management team. In her career, Petra has accumulated valuable leadership and logistics experience from ICA Gruppen and from Procter & Gamble. Petra is expected to begin her employment by Autoliv no later than November 15, 2023, and will report to Mikael Bratt, President and CEO of Autoliv. Petra succeeds Per Ericson who will retire. Upcoming Dividend • May 17
Upcoming dividend of US$0.66 per share at 3.1% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Announcement • May 11
Autoliv, Inc. Declares Quarterly Dividend, Payable on June 13, 2023 Autoliv, Inc. announced that its Board of Directors has declared a quarterly dividend of 66 cents for the second quarter of 2023. The dividend will be payable on June 13, 2023 to Autoliv shareholders of record on the close of business on May 25, 2023. The ex-date will be May 24, 2023 for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm. Announcement • May 06
Autoliv, Inc. to Report Q3, 2023 Results on Oct 20, 2023 Autoliv, Inc. announced that they will report Q3, 2023 results on Oct 20, 2023 Buying Opportunity • Apr 23
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$0.86 (vs US$0.95 in 1Q 2022) First quarter 2023 results: EPS: US$0.86 (down from US$0.95 in 1Q 2022). Revenue: US$2.49b (up 17% from 1Q 2022). Net income: US$74.0m (down 11% from 1Q 2022). Profit margin: 3.0% (down from 3.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Buying Opportunity • Apr 06
Now 21% undervalued Over the last 90 days, the stock is up 9.5%. The fair value is estimated to be €103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.66 per share at 2.8% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.0%). Reported Earnings • Jan 28
Full year 2022 earnings released: EPS: US$4.85 (vs US$4.97 in FY 2021) Full year 2022 results: EPS: US$4.85 (down from US$4.97 in FY 2021). Revenue: US$8.84b (up 7.4% from FY 2021). Net income: US$423.0m (down 2.8% from FY 2021). Profit margin: 4.8% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Autoliv, Inc. to Report Q4, 2022 Results on Jan 27, 2023 Autoliv, Inc. announced that they will report Q4, 2022 results on Jan 27, 2023 Upcoming Dividend • Nov 16
Upcoming dividend of US$0.66 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.3%). Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: US$1.21 (vs US$0.69 in 3Q 2021) Third quarter 2022 results: EPS: US$1.21 (up from US$0.69 in 3Q 2021). Revenue: US$2.30b (up 25% from 3Q 2021). Net income: US$105.0m (up 75% from 3Q 2021). Profit margin: 4.6% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.6%). Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$0.91 (vs US$1.19 in 2Q 2021) Second quarter 2022 results: EPS: US$0.91 (down from US$1.19 in 2Q 2021). Revenue: US$2.08b (up 3.0% from 2Q 2021). Net income: US$79.0m (down 24% from 2Q 2021). Profit margin: 3.8% (down from 5.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.95 (vs US$1.80 in 1Q 2021) First quarter 2022 results: EPS: US$0.95 (down from US$1.80 in 1Q 2021). Revenue: US$2.12b (down 5.3% from 1Q 2021). Net income: US$83.0m (down 47% from 1Q 2021). Profit margin: 3.9% (down from 7.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 16%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 23
First quarter 2022 earnings released: EPS: US$0.95 (vs US$1.80 in 1Q 2021) First quarter 2022 results: EPS: US$0.95 (down from US$1.80 in 1Q 2021). Revenue: US$2.13b (down 5.2% from 1Q 2021). Net income: US$83.0m (down 47% from 1Q 2021). Profit margin: 3.9% (down from 7.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 17%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 07 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.8%). Reported Earnings • Jan 31
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.97 (up from US$2.14 in FY 2020). Revenue: US$8.23b (up 11% from FY 2020). Net income: US$435.0m (up 133% from FY 2020). Profit margin: 5.3% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16% compared to a 2.7% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Buying Opportunity • Jan 14
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be US$117, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% per annum over the last 3 years. Earnings per share has declined by 6.0% per annum over the last 3 years. Upcoming Dividend • Nov 19
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 13 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.9%). Reported Earnings • Oct 24
Third quarter 2021 earnings released: EPS US$0.69 (vs US$1.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.85b (down 9.3% from 3Q 2020). Net income: US$60.0m (down 39% from 3Q 2020). Profit margin: 3.2% (down from 4.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 04
President of Europe recently sold €104k worth of stock On the 2nd of September, Frithjof Oldorff sold around 1k shares on-market at roughly €74.23 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €265k more than they bought in the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 24 September 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%). Recent Insider Transactions • Aug 26
Executive Vice President of Operations recently sold €62k worth of stock On the 20th of August, Magnus Jarlegren sold around 800 shares on-market at roughly €77.02 per share. This was the largest sale by an insider in the last 3 months. This was Magnus' only on-market trade for the last 12 months. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS US$1.19 (vs US$2.01 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.02b (up 93% from 2Q 2020). Net income: US$104.0m (up US$279.0m from 2Q 2020). Profit margin: 5.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 20
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 14 June 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.1%). Executive Departure • May 19
Independent Director has left the company On the 12th of May, David Kepler's tenure as Independent Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under David's name. A total of 4 executives have left over the last 12 months. Executive Departure • May 19
Lead Independent Director has left the company On the 12th of May, James Ringler's tenure as Lead Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under James' name. A total of 4 executives have left over the last 12 months. 
