Welcome to our dedicated page for Autoliv news (Ticker: ALV), a resource for investors and traders seeking the latest updates and insights on Autoliv stock.
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) announced plans to establish a new airbag cushion and fabric plant in Vietnam to meet the growing demand for airbag production in Asia. This state-of-the-art facility, located in Amata City Ha Long Industrial Park, will cover around 90,000 sqm and is slated to begin operations by late 2025, eventually employing up to 2,000 people. The investment is part of Autoliv's strategy to enhance its manufacturing capabilities and reduce costs while addressing customer demands for safety products in the expanding Asian market. This marks Autoliv's first investment in Vietnam.
The Board of Directors of Autoliv, Inc. (NYSE: ALV; SSE: ALIVsdb) announced the renewal of its €3,000,000,000 guaranteed euro medium term note (EMTN) programme for another year, approved on February 14, 2023. This renewal enables the company to leverage funding opportunities through future note issuances, guaranteed unconditionally by Autoliv ASP, Inc. The Base Listing Particulars were approved by Euronext Dublin and are accessible online. In 2022, Autoliv generated sales of $8.8 billion and saved approximately 35,000 lives through its safety systems. This EMTN renewal indicates a strategic move to enhance funding flexibility in capital markets.
Autoliv, Inc. (NYSE: ALV) has filed its 2022 Annual Report on Form 10-K with the SEC, available at both the SEC Edgar website and Autoliv's website. Additionally, the company submitted its 2022 Update and Sustainability Report to the Swedish Financial Supervisory Authority. In 2022, Autoliv recorded sales of $8.8 billion and significantly contributed to road safety, saving approximately 35,000 lives and preventing over 450,000 injuries. Shareholders can request hard copies of the audited financial statements via email.
On January 31, 2023, Autoliv, Inc. (NYSE: ALV) announced a reduction in its total issued shares following the retirement of 10,000,000 treasury shares. The total number of outstanding shares is now 86,187,746, while the total issued and outstanding shares are 91,167,783. This action had no effect on the voting rights or ownership percentage, as treasury shares do not hold voting rights. Autoliv continues to retain 4,980,037 shares in treasury. The disclosure complies with the Swedish Financial Instruments Trading Act.
Autoliv (NYSE: ALV) reported strong financial results for Q4 2022, with $2,335 million in net sales, a 10% increase year-over-year, and 18% organic sales growth. The company achieved an EPS of $1.80, marking a 38% increase. For FY 2023, Autoliv anticipates around 15% organic sales growth with an adjusted operating margin of 8.5-9%. Notable developments included a significant operating cash flow improvement to $462 million and a 2.7% dividend increase to $0.66. Despite inflationary pressures, the management remains optimistic about long-term profitability and market leadership.
On January 27, 2023, Autoliv Inc. will release its Q4 2022 Financial Report at 12:00 CET. This report will be accessible on their website. A teleconference is scheduled for the same day from 14:00 to 15:00 CET, hosted by President & CEO Mikael Bratt. Participants can register for the webcast and conference call through provided links. An audio replay and transcript will be available on their investor relations page until February 27, 2023. Further details can be found at www.autoliv.com.
Autoliv, the leader in automotive safety systems, announced the appointment of Jonas Jademyr as the new Executive Vice President for Quality & Program Management, effective January 15, 2023. Jademyr, currently Vice President Group Program Management, succeeds Svante Mogefors, who retires after over 30 years at Autoliv. The CEO, Mikael Bratt, expressed high expectations for Jademyr's leadership, emphasizing the importance of quality in their life-saving products. Mogefors will assist in the transition as a Senior Advisor until mid-2023.
Autoliv (NYSE: ALV) has joined the Advisory Board of the United Nations Road Safety Fund, aimed at providing strategic direction to enhance global road safety. President and CEO Mikael Bratt will represent the company, contributing its expertise to tackle traffic safety challenges globally. Autoliv's involvement aligns with its vision of saving lives, supporting the UN's Sustainable Development Goal of reducing road traffic deaths. The first Advisory Board meeting was held on December 1, 2022, focusing on boosting awareness and partnerships for road safety.
On November 8, 2022, Autoliv, Inc. (NYSE: ALV) announced a 3% increase in its quarterly dividend to 66 cents per share, up from 64 cents. This reflects the company's commitment to enhancing shareholder value, with the new dividend payable on December 9, 2022, to shareholders of record by November 22, 2022. The increase marks the second consecutive annual rise since the dividend was reinstated in Q2 2021, supported by Autoliv's strong balance sheet and cash flow. The ex-dividend date is set for November 21, 2022.
Autoliv, Inc. (NYSE: ALV) is pioneering motorcycle safety with innovative products, including the world's first motorcycle helmet featuring an integrated airbag. In collaboration with AIROH, these advancements aim to reduce injuries for riders. The offerings will be revealed at the EICMA trade fair in Milan, Italy, from November 8-13, 2022. Autoliv's holistic approach combines advanced airbag technology for both riders and vehicles, significantly lowering head, neck, and chest injury risks during collisions. This initiative underscores Autoliv's commitment to enhancing rider safety based on real-world data.
FAQ
What is the current stock price of Autoliv (ALV)?
What is the market cap of Autoliv (ALV)?
What does Autoliv, Inc. specialize in?
How many employees does Autoliv have?
What are Autoliv's recent financial highlights?
Who are Autoliv's major customers?
What are some recent achievements of Autoliv?
What is Autoliv's market position in automotive safety?
Where does Autoliv conduct its research and development?
What is Autoliv's vision?
How does Autoliv ensure product quality?
What strategic initiatives is Autoliv currently involved in?
