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Autoliv(ALV) - 2025 Q1 - Earnings Call Presentation
2025-04-16 12:17
Financial Performance - Consolidated sales decreased by 1% to $2578 million in Q1'25 compared to $2615 million in Q1'24 [14] - Adjusted operating income increased by 28% to $255 million in Q1'25 from $199 million in Q1'24 [14] - Adjusted operating margin improved to 99% in Q1'25, up from 76% in Q1'24 [8, 14] - Operating cash flow decreased to $77 million in Q1'25 compared to $122 million in Q1'24 [14] - The company repurchased shares for $50 million [9] Sales and Market Dynamics - Organic sales grew by 2% [29] - The company outperformed global Light Vehicle Production (LVP) by 3 percentage points [35] - Europe accounted for 30% of sales, while the Americas accounted for 33% and Asia for 37% [33] - Global Light Vehicle Production (LVP) decreased by 04% [41, 90] Cost Management and Efficiency - The company reduced indirect workforce by over 1500 compared to Q1'23 [9] - Direct headcount reduced by 3700 year-over-year [9] Future Outlook - The company reiterates its full year 2025 guidance with organic sales increase around 2% and adjusted operating margin around 10 to 105% [9, 82] - The company expects operating cash flow around $12 billion for full year 2025 [82]
Autoliv, Inc. (ALV) Q1 Earnings and Revenues Surpass Estimates
ZACKS· 2025-04-16 12:10
Company Performance - Autoliv, Inc. reported quarterly earnings of $2.15 per share, exceeding the Zacks Consensus Estimate of $1.72 per share, and up from $1.58 per share a year ago, representing an earnings surprise of 25% [1] - The company posted revenues of $2.58 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.25%, although this is a decrease from year-ago revenues of $2.62 billion [2] - Over the last four quarters, Autoliv has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Outlook - Autoliv shares have declined approximately 12.3% since the beginning of the year, compared to the S&P 500's decline of 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $2.18 on revenues of $2.61 billion, and for the current fiscal year, it is $9.45 on revenues of $10.36 billion [7] - The estimate revisions trend for Autoliv is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Autoliv belongs, is currently in the bottom 30% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Autoliv's stock performance [5]
Autoliv Receives 2025 Automotive News PACE Pilot Recognition
Prnewswire· 2025-04-16 11:20
Core Insights - Autoliv, Inc. was awarded the 2025 Automotive News PACE Pilot Innovation to Watch for its Bernoulli™ Airbag Module, which enhances vehicle safety and efficiency in airbag inflation [1][2][3] Group 1: Innovation Recognition - The Bernoulli Airbag Module utilizes Bernoulli's principle of fluid dynamics to inflate larger airbags more efficiently with a smaller single-stage inflator [1] - This innovation reduces heat generation and development costs by over 30%, addressing the challenge of quick and safe inflation of large airbags [1] Group 2: Company Commitment - Autoliv's Executive Vice President & Chief Technology Officer emphasized the importance of this recognition in enhancing the visibility and success of their innovative technology, which aims to save more lives [2] - The PACE Pilot program distinguishes global emerging innovators in the automotive industry, showcasing the potential for transformative products and processes [2][3] Group 3: Company Overview - Autoliv is a leader in automotive safety systems, developing and marketing protective systems such as airbags and seatbelts for major automotive manufacturers [4][5] - In 2024, Autoliv's products saved approximately 37,000 lives and reduced around 600,000 injuries, highlighting the company's commitment to safety [4][5] - The company operates in 25 countries with 65,000 employees and reported sales of $10.4 billion in 2024 [5]
Autoliv: Financial Report January - March 2025
Prnewswire· 2025-04-16 10:39
STOCKHOLM, April 16, 2025 /PRNewswire/ -- (NYSE: ALV) (SSE: ALIV.sdb) Q1 2025: Good sales and execution of cost reduction programs Financial highlights Q1 2025 $2,578 million net sales 1.4% net sales decrease2.2% organic sales growth*9.9% operating margin9.9% adjusted operating margin*$2.14 diluted EPS, 41% increase$2.15 adjusted diluted EPS*, 37% increase Full year 2025 guidance Around 2% organic sales growthAround 3% negative FX effect on net salesAround 10-10.5% adjusted operating marginAround $1.2 billi ...
Autoliv(ALV) - 2025 Q1 - Quarterly Results
2025-04-16 10:10
Financial Performance - Q1 2025 net sales were $2,578 million, a decrease of 1.4% year-over-year, with organic sales growth of 2.2%[2] - Operating income increased by 31% to $254 million, with an operating margin of 9.9%, up from 7.4% in Q1 2024[4] - Earnings per share (diluted) rose by 41% to $2.14, while adjusted earnings per share increased by 37% to $2.15[4] - Net income for Q1 2025 was $167 million, a 32% increase from $127 million in Q1 2024[35] - Gross profit increased by $36 million to $478 million, with a gross margin improvement of 1.6 percentage points to 18.6%[36] - Operating income rose by $60 million to $254 million, reflecting a 31% increase year-over-year[40] - Net income attributable to controlling interest in Q1 2025 was $167 million, up from $126 million in Q1 2024, marking a 32.5% increase[63] - Autoliv's diluted earnings per share for Q1 2025 was $2.14, compared to $1.52 in Q1 2024, reflecting a 40.8% increase[63] Sales and Market Performance - Sales to domestic Chinese OEMs grew by 19%, aligning with their LVP growth, despite overall underperformance in China[10] - Organic sales growth outperformed global LVP growth by 11pp in Europe, 6.1pp in the Americas, and 5.4pp in Asia excluding China[27] - A record number of new product launches is expected to significantly improve sales performance in China in 2025[29] - Net sales for Q1 2025 were $2,578 million, a decrease of 1.4% compared to $2,615 million in Q1 2024[35] Cost and Efficiency - The total headcount decreased by 6%, contributing to improved profitability through cost reduction initiatives[10] - S,G&A costs increased by $13 million to $145 million, with S,G&A as a percentage of sales rising from 5.1% to 5.6%[37] - R,D&E, net costs decreased by $18 million to $95 million, with R,D&E as a percentage of sales improving from 4.3% to 3.7%[38] Cash Flow and Debt - Free operating cash flow is projected to be around $1.2 billion for 2025, with a leverage ratio of 1.3x[12] - Operating cash flow decreased by 37% to $77 million, primarily due to a larger increase in operating working capital compared to net income[44][46] - Net debt increased by $225 million to $1,787 million, attributed to higher dividends and share repurchases exceeding free operating cash flow[50] - Trade working capital decreased by 4.2% to $1,279 million, with trade working capital as a percentage of sales improving from 12.8% to 12.4%[44][49] Future Outlook - The company expects organic sales growth of around 2% and an adjusted operating margin of 10-10.5% for the full year 2025[9] - The company plans to discuss medium and long-term growth strategies at its Capital Markets Day on June 4, 2025[61] Asset and Liability Management - Autoliv's total assets as of March 31, 2025, were $8,114 million, an increase from $7,804 million at the end of 2024[64] - Autoliv's total current liabilities increased to $3,800 million as of March 31, 2025, compared to $3,633 million at the end of 2024[64] - Total current assets as of March 31, 2025, increased to $3,699 million from $3,483 million as of December 31, 2024, representing a growth of 6.2%[69] - Net debt as of March 31, 2025, was reported at $1,787 million, up from $1,554 million as of December 31, 2024, indicating a rise of 15%[71] - The leverage ratio for March 31, 2025, was 1.3, consistent with the previous quarter's ratio of 1.2[73] Return Metrics - Return on capital employed (GAAP) for Q1 2025 was 25.6%, up from 19.7% in Q1 2024[88] - Return on total equity (GAAP) for Q1 2025 was 28.8%, compared to 20.2% in Q1 2024[89]
Correction: Invitation to Autoliv's Q1, 2025 Earnings Call
Prnewswire· 2025-03-25 07:57
Core Points - Autoliv Inc. plans to publish its Financial Report for Q1 2025 on April 16, 2025, at 12:00 CET [1] - A teleconference will be held on the same day, featuring Mikael Bratt, President & CEO, as the main speaker [2] Financial Report Details - The Q1 2025 Earnings Call is scheduled for April 16, 2025, from 14:00 to 15:00 CET [2] - Participants can attend via webcast or phone, with registration required for phone attendance [2] - Audio replay and transcript of the conference will be available on the company's investor relations website [2]
Invitation to Autoliv's Q1, 2025 Earnings Call
Prnewswire· 2025-03-25 07:21
Group 1 - Autoliv Inc. plans to publish its Financial Report for Q1 2025 on April 16, 2025, at 12:00 CET [1] - A teleconference will be held on the same day, featuring Mikael Bratt, President & CEO, as the main speaker [2] - The earnings call will take place from 14:00 to 15:00 CET, with options to attend via webcast or phone [2] Group 2 - Audio replay of the conference will be available until April 16, 2026, and transcripts will also be accessible [2] - Additional information about Autoliv can be found on their official website [2]
I'd Buy Autoliv Again At This Valuation
Seeking Alpha· 2025-03-12 21:43
Group 1 - The article discusses the author's long positions in several companies, indicating a bullish outlook on their performance [1] - It emphasizes the importance of conducting due diligence and research before making investment decisions, particularly in high-risk trading styles [2] - The author clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, highlighting the independent nature of the analysis [3] Group 2 - The article does not provide specific financial data or performance metrics related to the companies mentioned [3]
Autoliv Capital Markets Day New Date: June 4, 2025
Prnewswire· 2025-03-06 08:19
Core Viewpoint - Autoliv, Inc. is hosting its 2025 Capital Markets Day event titled "Leading the Way" to discuss its growth strategies and innovations in automotive safety systems [1][2]. Group 1: Event Details - The Capital Markets Day will take place on June 4, 2025, from approximately 1:00 pm to 5:30 pm Central European Time at the Artipelag Art Museum in Stockholm, Sweden [4]. - The event will feature live presentations, exhibitions of Autoliv's latest technologies, and opportunities for attendees to experience new vehicle models [3][4]. Group 2: Strategic Focus - The event will highlight Autoliv's medium and long-term growth avenues, including its strategic roadmap and advancements in automation and operational efficiency [2]. - Autoliv management will discuss collaborations with original equipment manufacturers (OEMs) to secure a strong market position for future success [2]. Group 3: Company Overview - Autoliv is the global leader in automotive safety systems, developing products such as airbags and seatbelts, and has operations in 25 countries with 65,000 employees [6][7]. - In 2024, Autoliv's products saved approximately 37,000 lives and reduced around 600,000 injuries, with sales amounting to $10.4 billion [6][7].
Autoliv publishes its Annual and Sustainability Report for 2024
Prnewswire· 2025-02-20 17:23
Core Points - Autoliv, Inc. has filed its 2024 Annual Report on Form 10-K and its annual sustainability report with the SEC, which are available for public access [1][2] - The company is recognized as the worldwide leader in automotive safety systems, developing and marketing protective systems for major automotive manufacturers [3][4] - In 2024, Autoliv's products are reported to have saved approximately 37,000 lives and reduced around 600,000 injuries [3][4] - The company achieved sales of $10.4 billion in 2024 and operates in 25 countries with 65,000 employees [4] Company Information - Autoliv develops, manufactures, and markets automotive safety systems, including airbags, seatbelts, and steering wheels, as well as mobility safety solutions for commercial vehicles [3][4] - The company emphasizes innovation, research, and development through its 13 technical centers [4] - Autoliv's vision is centered around "Saving More Lives," with a strong focus on quality in its operations [4]