Autoliv's 2024: A Year of Record Profitability and Sustainability

Autoliv, the global leader in automotive safety systems, has published its Annual and Sustainability Report for 2024, marking a year of remarkable achievements and record-breaking performance. The company's strategic focus on cost control and commercial recoveries has driven its exceptional results, with several new record highs in profitability and cash flow.

Throughout 2024, Autoliv's strict cost control measures and successful execution of commercial recoveries have contributed to its outstanding performance. The company's operating income reached a new record high of $353 million in the fourth quarter, a 49% increase from the same period in 2023. The operating margin also reached a new record high of 13.5%, a 4.9 percentage point increase from the previous year. Additionally, Autoliv's adjusted operating income was a record at $349 million, with an adjusted operating margin of 13.4%, a 1.2 percentage point increase from the previous year. The company's return on capital employed (ROCE) was 35.8%, an 11 percentage point increase from the previous year, while adjusted ROCE was 35.2%, a 2.3 percentage point increase from the previous year.

Autoliv's operating cash flow was $420 million in the fourth quarter, reaching a new record of $1,059 million for the full year 2024. This is a 7.8% increase from the previous year. The company's leverage ratio remained well within its target range, at 1.2x. In the quarter, Autoliv paid a dividend of $0.70 per share and repurchased and retired 1.04 million shares.

Autoliv's strong performance in 2024 was also driven by its major wins with new automakers, despite the low level of OEMs' sourcing of new business. The company's strategic focus on cost control and commercial recoveries, combined with its major wins, has led to record-breaking profitability and cash flow.

Autoliv's commitment to sustainability and ethical business practices has also contributed to its success. The company is dedicated to providing safe working conditions for its employees and contractors, as well as operating its business in an environmentally sustainable manner. Autoliv's vision of Saving More Lives drives all its work, and sustainability is firmly rooted in its business strategy.

In conclusion, Autoliv's 2024 Annual and Sustainability Report highlights the company's remarkable achievements and record-breaking performance. The company's strategic focus on cost control and commercial recoveries, combined with its major wins with new automakers, has driven its exceptional results. Autoliv's commitment to sustainability and ethical business practices has also contributed to its success, making it a leader in the automotive safety systems industry. As Autoliv continues to innovate and drive progress in the field, investors can expect more exciting developments in the years to come.