2024 was a year of market fluctuations and geopolitical uncertainties. We nevertheless remained focused and resilient, and performed well. Changing market dynamics together with advancements in electrification and automation are creating both new challenges and business opportunities, and we are well positioned to leverage these trends
During the year, Autoliv delivered significantly improved profits supported by new collaborations, footprint optimization, structural cost reductions, cost compensations, and a committed focus on sustainability, innovation, and quality.
As the market leader, we are well-positioned to sustainably adapt to and manage new business conditions Our actions have built an even more competitive position for Autoliv, despite a challenging macro environment. Commercial excellence, efficiency, cost control, and a focus on innovation, quality and climate action defined 2022.
2021 marked another challenging year. Despite a tough market environment, we continued to respond effectively, keeping the health and safety of our employees as our first priority. Our strategic initiatives continue to yield good results and we look to the future with confidence.