Autoliv: Financial Report January - March 2025
Autoliv (NYSE: ALV) reported Q1 2025 financial results with net sales of $2,578 million, showing a 1.4% decrease but 2.2% organic sales growth. The company achieved a 9.9% operating margin and delivered $2.14 diluted EPS, a 41% increase year-over-year.
Key highlights include successful cost reduction programs with a 6% decrease in total headcount, and strong sales to domestic Chinese OEMs growing by 19%. The company maintained its full-year 2025 guidance, projecting around 2% organic sales growth and 10-10.5% adjusted operating margin.
Operating income reached $254 million, with free operating cash flow in line with previous year despite higher working capital requirements. The company continued its shareholder returns through a $0.70 per share dividend and repurchased 0.5 million shares during the quarter.
Autoliv (NYSE: ALV) ha riportato i risultati finanziari del primo trimestre 2025 con vendite nette pari a 2.578 milioni di dollari, registrando una diminuzione dell'1,4% ma una crescita organica delle vendite del 2,2%. L'azienda ha raggiunto un margine operativo del 9,9% e un utile diluito per azione (EPS) di 2,14 dollari, con un incremento del 41% rispetto all'anno precedente.
I punti salienti includono programmi di riduzione dei costi efficaci con una diminuzione del 6% del personale totale e forti vendite ai produttori OEM cinesi domestici, cresciute del 19%. La società ha confermato le previsioni per l'intero anno 2025, prevedendo una crescita organica delle vendite intorno al 2% e un margine operativo rettificato tra il 10% e il 10,5%.
Il reddito operativo ha raggiunto 254 milioni di dollari, con un flusso di cassa operativo libero in linea con l'anno precedente nonostante maggiori esigenze di capitale circolante. L'azienda ha proseguito la politica di ritorno agli azionisti con un dividendo di 0,70 dollari per azione e ha riacquistato 0,5 milioni di azioni nel trimestre.
Autoliv (NYSE: ALV) informó los resultados financieros del primer trimestre de 2025 con ventas netas de 2.578 millones de dólares, mostrando una disminución del 1,4% pero un crecimiento orgánico de ventas del 2,2%. La compañía logró un margen operativo del 9,9% y entregó un BPA diluido de 2,14 dólares, un aumento del 41% interanual.
Los aspectos más destacados incluyen programas exitosos de reducción de costos con una disminución del 6% en el total de empleados y fuertes ventas a fabricantes OEM chinos nacionales, que crecieron un 19%. La empresa mantuvo su guía para todo el año 2025, proyectando un crecimiento orgánico de ventas alrededor del 2% y un margen operativo ajustado entre el 10% y el 10,5%.
El ingreso operativo alcanzó los 254 millones de dólares, con flujo de caja operativo libre en línea con el año anterior a pesar de mayores requerimientos de capital de trabajo. La compañía continuó con su política de retornos a accionistas mediante un dividendo de 0,70 dólares por acción y recompró 0,5 millones de acciones durante el trimestre.
Autoliv (NYSE: ALV)는 2025년 1분기 재무 실적을 발표하며 순매출 25억 7,800만 달러를 기록했으며, 1.4% 감소했으나 유기적 매출은 2.2% 성장했습니다. 회사는 9.9% 영업이익률을 달성했으며 희석 주당순이익(EPS)은 2.14달러로 전년 대비 41% 증가했습니다.
주요 내용으로는 총 인원 6% 감축을 통한 성공적인 비용 절감 프로그램과 국내 중국 OEM 대상 매출이 19% 증가한 점이 포함됩니다. 회사는 2025년 연간 가이던스를 유지하며 약 2%의 유기적 매출 성장과 10~10.5% 조정 영업이익률을 전망했습니다.
영업이익은 2억 5,400만 달러에 달했으며, 운전자본 요구 증가에도 불구하고 전년과 비슷한 수준의 자유 영업 현금 흐름을 기록했습니다. 회사는 주주 환원 정책을 이어가며 주당 0.70달러 배당금을 지급하고 분기 중 50만 주를 자사주로 매입했습니다.
Autoliv (NYSE : ALV) a publié ses résultats financiers du premier trimestre 2025 avec un chiffre d'affaires net de 2 578 millions de dollars, enregistrant une baisse de 1,4 % mais une croissance organique des ventes de 2,2 %. La société a réalisé une marge opérationnelle de 9,9 % et un bénéfice dilué par action (BPA) de 2,14 dollars, soit une hausse de 41 % par rapport à l'année précédente.
Les points clés incluent des programmes de réduction des coûts réussis avec une diminution de 6 % des effectifs totaux, ainsi que de solides ventes auprès des constructeurs OEM chinois domestiques en croissance de 19 %. L'entreprise a maintenu ses prévisions pour l'ensemble de l'année 2025, prévoyant une croissance organique des ventes d'environ 2 % et une marge opérationnelle ajustée entre 10 % et 10,5 %.
Le résultat opérationnel a atteint 254 millions de dollars, avec un flux de trésorerie opérationnel libre conforme à l'année précédente malgré des besoins en fonds de roulement plus élevés. La société a poursuivi ses retours aux actionnaires avec un dividende de 0,70 dollar par action et a racheté 0,5 million d'actions au cours du trimestre.
Autoliv (NYSE: ALV) meldete die Finanzergebnisse für das erste Quartal 2025 mit einem Nettoumsatz von 2.578 Millionen US-Dollar, was einen Rückgang von 1,4 % bedeutet, jedoch ein organisches Umsatzwachstum von 2,2 % aufweist. Das Unternehmen erzielte eine operative Marge von 9,9 % und einen verwässerten Gewinn je Aktie (EPS) von 2,14 US-Dollar, was einer Steigerung von 41 % gegenüber dem Vorjahr entspricht.
Zu den wichtigsten Highlights zählen erfolgreiche Kostensenkungsprogramme mit einer Reduzierung der Gesamtbelegschaft um 6 % sowie starke Umsätze bei inländischen chinesischen OEMs, die um 19 % wuchsen. Das Unternehmen bestätigte seine Prognose für das Gesamtjahr 2025 und erwartet ein organisches Umsatzwachstum von rund 2 % sowie eine bereinigte operative Marge von 10 bis 10,5 %.
Das Betriebsergebnis erreichte 254 Millionen US-Dollar, wobei der freie operative Cashflow trotz höherer Anforderungen an das Umlaufvermögen auf dem Niveau des Vorjahres lag. Das Unternehmen setzte seine Aktionärsrückführungen mit einer Dividende von 0,70 US-Dollar pro Aktie fort und kaufte im Quartal 0,5 Millionen Aktien zurück.
- 41% increase in diluted EPS to $2.14
- 19% sales growth to domestic Chinese OEMs
- Operating margin improved to 9.9% from 7.4%
- 6% reduction in total headcount through cost reduction programs
- Strong balance sheet with leverage ratio of 1.3x within target range
- 1.4% decrease in net sales to $2,578 million
- 37% decline in operating cash flow to $77 million
- Underperformance in overall China market due to lower content vehicles mix
- Higher working capital requirements due to increased end-of-quarter sales
Insights
Autoliv's Q1 2025 results demonstrate impressive profitability improvements despite challenging market conditions. The 41% increase in diluted EPS to
While net sales decreased
The company effectively managed tariff challenges by successfully passing costs to customers, preventing margin erosion. The strong execution supports their maintained 2025 guidance of approximately
Shareholder returns remain robust with a
Q1 2025: Good sales and execution of cost reduction programs
Financial highlights Q1 2025
Full year 2025 guidance
Around
Around
Around 10
Around
All change figures in this release compare to the same period of the previous year except when stated otherwise.
Key business developments in the first quarter of 2025
- First quarter sales increased organically* by
2.2% , which was 2.6pp higher than the global LVP decrease of0.4% (S&P Global March 2025). A strong LVP in March resulted in a stronger than expected global LVP in the quarter. Regional and customer LVP mix is estimated to have contributed to about 3pp underperformance. Compared to March S&P Global LVP data, we outperformedEurope ,Americas and inAsia excl.China , mainly due to product launches and positive pricing. Our sales to domestic Chinese OEMs grew by19% , in line with their LVP growth. As lower content vehicles inChina outgrew higher content vehicles, we underperformed inChina overall. We expect that our record number of new launches will significantly improve our relative sales performance inChina in 2025. - Profitability improved, mainly due to organic sales growth and successful execution of cost reductions. Total headcount decreased by
6% . Impacts from theU.S. tariffs and counter tariffs in Q1 had a negligible impact on operating profit in the quarter as we managed to pass on the costs of tariff increases to our customers. Operating income was$254 million $255 million 9.9% .ROCE and adjusted ROCE* were both25.6% . - Free operating cash flow* was in line with last year, despite that operating cash flow was slightly lower than last year. A larger working capital build up reflecting higher sales at the end of the quarter was offset by lower capex, net. The leverage ratio* of 1.3x is within our target range. In the quarter, a dividend of
$0.70
*For non-
Key Figures
(Dollars in millions, except per share data) | Q1 2025 | Q1 2024 | Change |
Net sales | (1.4) % | ||
Operating income | 254 | 194 | 31 % |
Adjusted operating income1) | 255 | 199 | 28 % |
Operating margin | 9.9 % | 7.4 % | 2.4pp |
Adjusted operating margin1) | 9.9 % | 7.6 % | 2.3pp |
Earnings per share - diluted | 2.14 | 1.52 | 41 % |
Adjusted earnings per share - diluted1) | 2.15 | 1.58 | 37 % |
Operating cash flow | 77 | 122 | (37) % |
Return on capital employed2) | 25.6 % | 19.7 % | 5.9pp |
Adjusted return on capital employed1,2) | 25.6 % | 20.2 % | 5.4pp |
1) Excluding effects from capacity alignments and antitrust related matters. Non- | |||
Comments from Mikael Bratt, President & CEO
"I am pleased that we delivered good sales and profitability in the first quarter. Thanks to our adaptability and resilience, driven by our diverse product portfolio and strong customer relationships, we successfully navigated through the first month of North American tariffs. It is encouraging that we, based on LVP data from March, outperformed global LVP despite continued significant headwinds from LVP mix shifts, particularly in
Our strong profitability improvement was a result of well executed operational and commercial efforts. Our structural cost reduction program continued to generate indirect work force reductions, and direct headcount was also reduced significantly although sales grew organically. Results were also supported by reaching Q1 customer compensation agreements for increased costs related to inflation and tariffs. Our continued repurchase of shares also supported a record first quarter EPS.
After the slow end to 2024, OEM sourcing of safety products for future car models picked up in the first quarter, despite the geopolitical uncertainty.
Our navigation of the new tariff environment in the first quarter gives us confidence that it is possible to continue on that course when facing increasing or changing tariffs, although there is significant uncertainty. We continue to closely monitor and evaluate the situation, focusing on being adaptive and agile, and we consider our regionalized footprint to be a valuable source for flexibility in a challenging geopolitical environment.
The current geopolitical and business environment uncertainties makes it difficult to predict 2025. However, based on the strong first quarter performance and encouraging near term call-off indications, we reiterate our 2025 guidance of an organic sales growth of around
Our strong balance sheet and cash conversion set a solid foundation for our commitment to high shareholder returns. I am looking forward to our Capital Markets Day, on June 4, 2025.
Next Report
Autoliv intends to publish the quarterly earnings report for the second quarter of 2025 on Friday, July 18, 2025.
Inquiries: Investors and Analysts
Anders Trapp
Vice President Investor Relations
Tel +46 (0)8 5872 0671
Henrik Kaar
Director Investor Relations
Tel +46 (0)8 5872 0614
Inquiries: Media
Gabriella Etemad
Senior Vice President Communications
Tel +46 (0)70 612 6424
Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on April 16, 2025.
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SOURCE Autoliv
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