Financial PerformanceAutoliv's revenue of $2.61 billion missed expectations by around 5%, led by a sharply negative June month as key customers de-stocked.
GuidanceFull-year guidance for 2024 was lowered accordingly, impacting the outlook for organic revenue growth, adjusted EBIT margin, and operating cash flow.
Market PerformanceAutoliv shares fell by 10% on a Q2 miss/guide-down that saw worse-than-expected decrementals.