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Autoliv Q4 Net Income Rises; Sales Down 3.3% Organically

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Autoliv (ALV) reported fourth quarter net income of $243 million, an increase of 7.0% from prior year. Earnings per share of $3.10 compared to $2.71, prior year. Adjusted earnings per share was $3.05 compared to $3.74.

Fourth quarter net sales were $2.62 billion, down 4.9% from prior year. Sales decreased organically by 3.3%.

For full year 2025, the company expects: around 2% organic sales growth; and around 10-10.5% adjusted operating margin. The company noted that it expects a challenging first quarter in terms of operating margin which should gradually improve throughout the year.

Autoliv expects global Light Vehicle Production in 2025 to decline inline with S&P's forecast. First quarter Global LVP is expected to drop sequentially by 14%.

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