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Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the global leader in automotive safety systems. The company develops, manufactures, and markets protective systems including airbags, seatbelts, steering wheels, and mobility safety solutions for all major automotive manufacturers worldwide. With a commitment to Saving More Lives, Autoliv's products saved 35,000 lives and reduced over 450,000 injuries in 2023 alone.
Autoliv operates over 80 facilities and employs close to 70,000 individuals across 25 countries. The company's 14 technical centers and 20 test tracks drive innovation in safety solutions, maintaining their leading market share in both passive and active safety products.
Recent achievements include a strategic partnership with XPENG AEROHT to develop safety solutions for flying cars, continued strong financial performance with record sales in Q1 2024, and ongoing share repurchase programs enhancing shareholder value. In 2023, Autoliv reported $10.5 billion in sales, reflecting robust growth and market leadership.
Key customers include the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, with significant revenue contributions from the Americas, Europe, and China. Autoliv's focus on quality and innovation ensures its products meet the highest standards, supporting the company's vision and driving future growth.
Autoliv (NYSE: ALV) reported strong Q1 2023 results, achieving $2,493 million in net sales, marking a 17% increase compared to the previous year. The company experienced a remarkable 21% organic sales growth, significantly outperforming the global LVP growth of 6.1%. Despite these gains, EPS dropped by 9% to