Autoliv, Inc. - ALV STOCK NEWS

Autoliv reported strong Q3 2022 results, achieving $2,302 million in net sales, a 25% increase year-over-year. Organic sales rose 32%, outperforming global light vehicle production growth. Operating margin improved to 7.4%, with $1.21 EPS marking a 78% increase. Full-year indications suggest around 15% organic sales growth despite a 6% negative FX impact. Improved operating cash flow of $232 million and a leverage ratio of 1.6x highlight a strong financial position.

Autoliv (NYSE: ALV) announced its adaptation to new business conditions amid inflation and supply chain disruptions. The company has begun seeing results from price increase negotiations with customers designed to offset inflation. Although global light vehicle production (LVP) has been impacted by supply issues and COVID-19 restrictions in China, projections indicate a potential recovery in the second half of 2022, driving overall LVP growth to around 5% for the year. Autoliv reiterated its full-year sales growth expectations of 12-17% and an adjusted operating margin of 5.5%-7.0%.

Autoliv (NYSE: ALV) showcased its powered two-wheeler airbags during a crash test attended by Malaysia's Minister of Transport on May 23, 2022. This test aligns with the tenth anniversary of Malaysia's MIROS laboratory, which focuses on road safety. Autoliv's partnership with MIROS aims to enhance motorcycle safety in Malaysia, where motorcycle crashes represented 66% of traffic fatalities in 2021. Autoliv's commitment to saving lives is evident in their goal to protect vulnerable road users and fulfill UN Sustainable Development Goal #3.

On May 23, 2022, Autoliv (NYSE: ALV) announced the successful refinancing of its existing $1.1 billion revolving credit facility. The new agreement has a five-year maturity and includes two one-year extension options. This arrangement was made with 11 banks and does not impose any financial covenants on Autoliv. The company plans to file the full agreement with the SEC in July 2022. Autoliv remains a leader in automotive safety systems, with 2021 sales totaling $8.2 billion and products that saved an estimated 35,000 lives.

Autoliv, the global leader in automotive safety systems, held its 2022 Annual General Meeting on May 10, 2022. Shareholders approved the election of 11 directors for a one-year term, including Mikael Bratt and Jan Carlson, and ratified the appointment of Ernst & Young as the independent auditing firm for the fiscal year ending December 31, 2022. Additionally, a non-binding resolution regarding executive compensation was approved. The board established its committee memberships, with Jan Carlson serving as the independent Chairman.

Autoliv (NYSE: ALV) reported $2,124 million in net sales for Q1 2022, marking a 5.3% decline year-over-year. Organic sales dropped 1.0%, while EPS stood at $0.94, down $0.85 from the previous year. Operational challenges included raw material costs and supply chain disruptions, leading to a 4.2 percentage point decline in operating margin, now at 6.3%. For the full year, projected organic sales growth is 12%-17% with an estimated operating cash flow of $750-850 million.

Autoliv, the leader in automotive safety systems, has announced its commitment to support the United Nations Road Safety Fund (UNRSF) to tackle global road safety challenges. The initiative aims to reduce road traffic fatalities, which claim 1.35 million lives annually, by aligning with the Global Plan for the Second Decade of Action 2021-2030. Autoliv's efforts include financial contributions to road safety projects in low- and middle-income countries, while striving towards its goal of saving 100,000 lives each year. This partnership underscores the importance of cross-sector collaboration to achieve sustainable development goals.

Autoliv (NYSE: ALV) announced its collaboration with Polestar on the 'Polestar 0' project aimed at developing a climate-neutral car by 2030. This initiative includes partnerships across the automotive supply chain to foster innovation and sustainability in manufacturing. Autoliv commits to becoming carbon neutral in its operations by 2030 and achieving net-zero emissions across its supply chain by 2040. The collaboration focuses on automotive safety innovations such as pyrotechnics and materials for airbags and seatbelts.

The Board of Directors of Autoliv approved a one-year renewal of its €3 billion guaranteed euro medium term note programme (EMTN Programme). This programme allows the Company to raise funds from capital markets and institutional investors through future note issuances, all guaranteed by its parent, Autoliv ASP. The base listing particulars, approved by Euronext Dublin, provide further details and are accessible online. This renewal reflects Autoliv's strategy to leverage market opportunities for financing and support its operational needs.