Strong Sales and Earnings Development
Autoliv reported stronger than expected sales driven by light vehicle production pull forward in Europe and North America and improved profit and operating margin compared to the previous year. Adjusted operating income increased by 28% to $255 million.
Cost Reduction Achievements
Autoliv reduced its indirect workforce by over 1,500 since Q1 2023 and its direct headcount by 3,700 over the past year, leading to significant cost savings and improved operational efficiency.
Record Earnings Per Share
The company reported record earnings per share for the first quarter, driven by a lower number of shares and high net profit.
Recognition for Innovation
Autoliv received the PACE Pilot Award for its Bernoulli airbag module, which inflates larger airbags more efficiently, lowering deployment cost and weight.
Strong Cash Flow and Shareholder Returns
Despite higher receivables from strong sales, cash flow remained solid. Autoliv repurchased and retired 500,000 shares for $50 million and paid a dividend of $0.70 per share.