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(ALV) - 2025 Q1 - Earnings Call Presentation