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Jun 30, 2024
Autoliv Q2 2024 Earnings Report
Net sales slightly decreased and EPS significantly increased due to cost reductions and better pricing.
Key Takeaways
Autoliv reported a slight decrease in net sales but a significant increase in EPS, driven by cost reductions and improved pricing. The company outperformed LVP in Asia excluding China and Europe, but underperformed in Americas and China.
Organic sales increased by 0.7%, outperforming global LVP decline.
Profitability improved due to cost reductions and increased pricing.
Operating cash flow remained strong at $340 million.
Full year 2024 guidance adjusted slightly, reflecting changes in LVP and customer mix.
Autoliv
Autoliv
Autoliv Revenue by Segment
Autoliv Revenue by Geographic Location
Revenue by Segment
Airbags & Steering Revenue
CapyFin.comSeatbelt Products Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comChina Revenue
CapyFin.comAsia excl. China Revenue
CapyFin.com Forward Guidance
Autoliv anticipates around 2% organic sales growth, approximately 1% negative FX impact on net sales, an adjusted operating margin of around 9.5-10.0%, and approximately $1.1 billion in operating cash flow for the full year 2024.
Positive Outlook
- Expect around 2% organic sales growth.
- Targeted cost compensation effects to be achieved.
- Sustained reduction in customer call-off volatility.
- Expect a significant increase in profitability in the second half year with an adjusted operating margin of around 11-12% compared to the first half year's 8.0%.
- Expect around $1.1 billion operating cash flow
Challenges Ahead
- Expect around 1% negative FX effect on net sales.
- Full year 2024 global LVP decline of around 3%.
- Changes in LVP.
- Adverse customer mix.
- Raw material prices in 2024 to increase slightly for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income