ALV
Autoliv, Inc.120.36
-0.96-0.79%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Detailed 2026 margin drivers quantified
Q&A delivered granular 2026 margin puts and takes, quantifying $30M raw material headwinds—two-thirds from gold, plus steel/copper—against $20M structural savings, flat RD&E as percent of sales, and $20M FX tailwind. Management dismissed Hyundai airbag recall worries, seeing no product link. A breakthrough: first order from an existing Chinese OEM for Europe-localized production, as sole external supplier. Global market share held at 44%, with order intake blending structural shorter lifetimes and temporary EV-related cancellations. No drama from mix shifts. Confident tone on 12% medium-term margins; investors watch raw costs and call-off volatility.
Key Stats
Market Cap
9.24BP/E (TTM)
12.47Basic EPS (TTM)
9.65Dividend Yield
0.02%Recent Filings
8-K
CFO appointed; EMTN renewed
Autoliv appointed Monika Grama, current EMEA Finance VP, as new CFO effective April 1, 2026, succeeding Fredrik Westin who departs March 31. Her deal includes 5,750,000 SEK base salary and relocation support from Switzerland. Smooth transition preserves finance continuity. Board also renewed its €3 billion EMTN Programme for one year to tap capital markets.
8-K
Two directors exit board
10-K
FY2025 results
Autoliv posted $10.8B in FY2025 sales, up 4.1% reported (3.4% organic), matching global LVP growth of 3.9% yet outpacing it via new model launches like Honda Passport and Mercedes CLA amid China mix headwinds. Operating income climbed 11% to $1.1B (10.1% margin), fueled by 8% labor productivity gains, lower logistics/waste, and tariff recoveries covering 80% of costs—while Q4 call-off volatility ticked higher. Cash from operations hit $1.2B, funding $423M capex (3.9% sales), $238M dividends, and $351M buybacks that trimmed shares 4% to 74.7M. Net debt edged to $1.6B (1.1x leverage); 2026 guides flat organic sales, 10.5-11% margins. Cyclical LVP swings threaten quarterly momentum.
8-K
Record Q4 sales, strong cash flow
Autoliv posted record Q4 2025 net sales of $2,817 million, up 7.7% with 4.2% organic growth outpacing global LVP by 2.9pp, fueled by new launches and ~40% sales surge to Chinese OEMs. Adjusted operating margin hit 12.0%; operating cash flow soared 30% to $544 million. Cash is king here. 2026 guides ~0% organic growth, 10.5-11.0% adjusted margin amid tariff uncertainty.
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