In the medium term, we intend to continue to grow our core business – airbags, seatbelts and steering wheels – through successful execution of the current product launch programs and strong order book. We are also investing in capabilities beyond the light vehicle markets, which we organize in Mobility Safety Solutions.
Continuous improvement remains a cornerstone of Autoliv’s ongoing efforts to leverage growth into higher profitability.
Financials in Summary
2024 at a Glance
$
10.4
bn
net sales
9.7
%
adjusted operating margin
44
%
market share
$
1.1
b
operating cash flow
$
771
m
shareholder returns
30
%
renewable electricity use
15
%
improvement in GHG emissions intensity
65,000
associates worldwide
Financial and Sustainability Targets
Autoliv’s ability to consistently outperform market growth is rooted in a steady flow of new safety technologies, a strong focus on quality and a superior production and engineering footprint. Our strategic roadmap, business priorities and targets reflect the growing demand for traffic safety and a strong belief that the need for our products will continue to grow.
Our focus is on visible near-term and sustainable long-term growth, profitability improvement and over-the-cycle resilience, cash flow generation for shareholder returns and a strong balance sheet and prudent leverage policy.
We have set short- and long-term sustainability targets in the key areas to make sure we measure and manage our negative impacts and maximize our positive impacts
Financial Key Targets and Ambition
Target
Long-term ambition
4 - 6 %
Average annual organic growth*
~12%
Adjusted operating margin*
~13%
Adjusted operating margin*
*) Non-GAAP Performance Measures. See "Non-GAAP Performance Measures" section in the 10-K filed with the SEC.