Autoliv, Inc. - ALV STOCK NEWS

Autoliv, a global leader in automotive safety systems, has partnered with XPENG AEROHT, Asia's leading flying car innovator, to develop safety solutions for flying cars. This strategic agreement aims to combine Autoliv's expertise in safety with XPENG AEROHT's advanced flying car technology. The collaboration seeks to pioneer innovative safety measures, ensuring the highest safety standards for future mobility solutions.

Both companies are committed to revolutionizing the flying car industry, with Autoliv's President, Sng Yih, emphasizing the potential of this partnership to make flying cars a reality. XPENG AEROHT's President, Deli Zhao, highlighted that the collaboration represents a significant upgrade to their supply chain and aims to create the safest electric flying car for users.

The partnership underscores the companies' dedication to leveraging innovation and collaboration to capture new mobility opportunities and set high safety standards for the emerging flying car market.

Autoliv, Inc. announced the results of its 2024 Annual General Meeting of Stockholders, including the election of directors, approval of executive compensation, and appointment of an auditing firm. The company is a global leader in automotive safety systems, saving lives and reducing injuries through its products and solutions.

Autoliv, Inc. (NYSE: ALV) declared a quarterly dividend of 68 cents for the second quarter of 2024. The dividend will be payable to holders of record on May 23, with different payment dates for stockholders on NYSE and Nasdaq Stockholm. Autoliv is a global leader in automotive safety systems, focusing on saving lives through innovative safety solutions.

Autoliv reported strong financial results for Q1 2024 with a 5% increase in net sales and organic sales growth. The company achieved a 7.4% operating margin and a 77% increase in EPS. Key business developments included record sales, improved profitability, and strong cash flow. Autoliv's return on capital employed was 19.7%, and the company is on track to meet full-year guidance. Investments in capacity expansion in Vietnam, China, and India are planned to support future growth.

Autoliv, Inc. announced the retirement of 1,370,057 shares of common stock, resulting in a decrease in issued shares. The company now has 86,126,221 issued shares, with 81,373,679 shares outstanding. Autoliv holds 4,752,542 shares in treasury with no voting rights.

Autoliv, Inc. (ALV) has filed its 2023 Annual Report on Form 10-K and annual sustainability report with the SEC and Swedish Financial Supervisory Authority. Shareholders can access the reports online and request hard copies for free. Contact details for inquiries are provided.

Autoliv, Inc. declares a quarterly dividend of 68 cents for the first quarter of 2024. The dividend will be payable on March 27, 2024, for holders of Autoliv common stock on the NYSE and on March 28, 2024, for holders of Autoliv Swedish Depository Receipts on Nasdaq Stockholm.

Autoliv (ALV) reported record sales and strong profitability in Q4 2023, with a 18% increase in net sales and 16% organic sales growth. The company's operating margin was 8.6% and adjusted operating margin was 12.1%, with a 51% increase in EPS and 105% increase in adjusted EPS. The full year 2024 guidance includes around 5% organic sales growth, 10.5% adjusted operating margin, and around $1.2 billion operating cash flow. Despite outperforming in all regions except China, the company faced challenges in the Chinese market due to lower safety content for global OEMs. The company also saw improvements in operating cash flow and leverage ratio, with a dividend increase of 3% and $207 million returned to shareholders as dividends and share repurchases. The company's CEO indicated that 2023 performance exceeded expectations, with strong order intake and improved gross margin. The company's sustainability agenda also yielded positive results in GHG emissions, renewable electricity use, and incident rate. The company expects a seasonality pattern in 2024, with an expected Q1 adjusted operating margin of around 7% and gradual quarterly improvements leading to a full year 2024 adjusted operating margin of around 10.5%.

Autoliv, Inc. announces upcoming changes to its Swedish Depository Receipts (SDRs) following Euroclear Sweden's termination of its agreement to act as Withholding Agent. The SDRs will receive a new ISIN code as of February 29, 2024, with updated terms and conditions. Skandinaviska Enskilda Banken (SEB) will assume the role as Withholding Agent. The record date for the ISIN change is February 29, 2024, and the last day of trading for the current ISIN code is February 27, 2024.