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Autoliv Announces Departure of Chief Financial Officer
Prnewswire· 2025-06-30 12:30
Core Viewpoint - Autoliv, Inc. announces the resignation of Chief Financial Officer Fredrik Westin for personal reasons, effective December 31, 2025, unless otherwise agreed [1][2]. Company Overview - Autoliv, Inc. is the global leader in automotive safety systems, developing and marketing protective systems such as airbags and seatbelts for major automotive manufacturers [4]. - The company operates in 25 countries and has 13 technical centers focused on innovation, research, and development [5]. - In 2024, Autoliv's products saved nearly 37,000 lives and reduced over 600,000 injuries [4]. Financial Performance - Autoliv reported sales of $10.4 billion in 2024 [5].
Autoliv Capital Markets Day - sustainable increase in shareholder returns with increased dividend and new stock repurchase program
Prnewswire· 2025-06-04 10:03
Core Viewpoint - Autoliv, Inc. is focused on addressing external challenges while leveraging its leadership in automotive safety systems to create growth opportunities and enhance shareholder returns [1][2][5]. Company Strategy and Growth Opportunities - Autoliv aims to optimize operations to enhance cost efficiency and customer service, positioning itself to manage external challenges and capitalize on opportunities [2]. - The company emphasizes its leadership in technology and quality, which is expected to help navigate changes in the automotive and industrial landscapes [2]. - Autoliv's long-term growth target is to achieve organic sales growth of 4-6% annually over a 10+ year period, with a focus on safety content per vehicle and light vehicle production until around 2030 [7]. Shareholder Return Strategy - A new stock repurchase program of up to $2.5 billion has been approved, effective from July 1, 2025, to December 31, 2029, replacing the previous program [3]. - The dividend for the third quarter of 2025 has been increased to $0.85 per share, representing a 21% increase from the previous quarter and 24% higher than the average quarterly dividend in 2024 [4]. - The company targets annual share repurchases between $300 million and $500 million through the end of 2029, alongside a growing quarterly dividend [9]. Financial Guidance and Performance Targets - Autoliv reiterates its full-year 2025 guidance, projecting organic sales growth of around 2% and an adjusted operating margin of approximately 10-10.5% [6]. - The medium-term target for adjusted operating margin is set at 12%, contingent on successful execution of strategic initiatives and stable global light vehicle production of at least 85 million units [10]. - The company aims for a cash conversion target of at least 80% and a leverage ratio not exceeding 1.5x [17].
Autoliv Announces Results of 2025 Annual Stockholders Meeting
Prnewswire· 2025-05-08 21:43
Core Points - Autoliv, Inc. held its 2025 Annual General Meeting of Stockholders on May 8, 2025, where several key proposals were approved [1] - Jan Carlson continues to serve as the Chairman of the Board [2] - The company reported sales of $10.4 billion in 2024 and operates in 25 countries with 65,000 employees [4] Board and Committees - The following directors were elected for a one-year term ending at the 2026 AGM: Mikael Bratt, Laurie Brlas, Jan Carlson, Leif Johansson, Adriana Karaboutis, Franz-Josef Kortüm, Frédéric Lissalde, Xiaozhi Liu, Gustav Lundgren, Martin Lundstedt, and Thaddeus "Ted" Senko [5] - The Audit and Risk Committee is chaired by Ted Senko, with members Laurie Brlas, Adriana Karaboutis, and Gustav Lundgren [5] - The Leadership Development and Compensation Committee is chaired by Frédéric Lissalde, with members Leif Johansson, Xiaozhi Liu, and Martin Lundstedt [5] - The Nominating and Corporate Governance Committee is chaired by Leif Johansson, with members Laurie Brlas, Franz-Josef Kortüm, and Frédéric Lissalde [5] Company Overview - Autoliv is the worldwide leader in automotive safety systems, developing products such as airbags, seatbelts, and mobility safety solutions [3][4] - In 2024, Autoliv's products saved nearly 37,000 lives and reduced over 600,000 injuries [3]
Autoliv partner with Formula E to Enhance Automotive Safety Awareness
Prnewswire· 2025-04-24 06:27
Core Insights - Autoliv, Inc. has entered a partnership with the ABB FIA Formula E World Championship to promote automotive safety and showcase technological advancements in safety equipment [1][2][3] Company Overview - Autoliv is a global leader in automotive safety systems, developing products such as airbags, seatbelts, and steering wheels for major automotive manufacturers [6][7] - In 2024, Autoliv's products saved approximately 37,000 lives and reduced around 600,000 injuries [6] - The company operates in 25 countries with 65,000 employees and reported sales of $10.4 billion in 2024 [6][7] Partnership Details - The partnership will focus on three core areas: increasing the usage and understanding of safety equipment, inspiring talent in the automotive safety sector, and developing safety technologies for electric vehicles [7] - The agreement begins in April 2025 and includes branding activations, such as the Autoliv logo on safety and medical cars [4][5] Industry Context - Formula E is the world's first all-electric FIA World Championship and is committed to sustainability, being the only sport-certified net zero carbon since its inception [8] - The collaboration aims to enhance awareness of automotive safety within the context of electric racing, aligning with the growing focus on electric vehicle innovation [4][8]