Financial Report July - September 2011


Sales:                                    $2,018 million
Operating margin:              10.2%
Operating cash flow:          $192 million
EPS:                                       $1.48

(Stockholm, Oct. 25, 2011) – – – For the three-month period ended September 30, 2011, Autoliv, Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – met its guidance and reported the seventh consecutive quarter with double digit operating margins.

Consolidated net sales increased by 16% to $2,018 million compared to the same quarter in 2010. Organic sales grew at a rate of 9% compared to the increase in global light vehicle production (LVP) which is estimated by IHS to have been close to 6%. This is the eighth consecutive quarter that Autoliv has outperformed the global LVP.

Operating income increased by 1% to $205 million and income before taxes by 2% to $193 mil­lion. Net income amounted to $139 million and earnings per share assuming dilution was $1.48.

Operating margin amounted to 10.2%. At the beginning of the quarter, the Company expected operating margin to reach approximately 10% excluding any expense related to the ongoing antitrust investigations. Such expenses amounted to $5 million during the quarter and had a 0.2 percentage point negative margin effect.

Cash flow from operations amounted to $192 million and to $104 million before financing. Net debt amounted to $41 million.

For the fourth quarter of 2011, the Company expects consolidated sales and organic sales to grow by more than 9%. An operating margin in the range of 11-11.5% is expected for the quarter excluding any impact from the ongoing antitrust investigations .

 
An earnings conference call will be held at 3:00 p.m. (CET) today October 25. To follow the webcast or to obtain phone numbers, please access www.autoliv.com.

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About Us

Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has approximately 80 facilities with more than 52,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier.

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