Driving shareholder value

Our financial focus had always been to create long term shareholder value. To achieve this, we focus on  growth, profitability, balance sheet efficiency and cash conversion. This enables high and steady cash flow and ultimately attractive shareholder returns.
 

Financial Performance - 2025

$10.8B
Net Sales
$1.11B
Adjusted Operating Profit EBIT
10.3%
Adjusted Operating Margin
$2.07B
Gross Profit
$1.16B
Operating Cash Flow
100%
Cash Conversion Ratio
26.4%
Return on Capital Employed (ROCE)
1.1x
Net Debt / EBITDA (Leverage Ratio)

2025 Financial Summary

  • Record sales
    Driven by strong growth in India and with Chinese OEMs

  • Light Vehicle Production (LVP) increased by 4%
    Exceeding 90 million for the first time since 2018

  • Adjusted operating margin*
    Improved by 60 bps due to productivity and structural cost saving activities, partly offset by tariffs that had a ~20 bps negative impact

  • Record free operating cash flow*
    $734 million and cash conversion* of 100%

  • Record Earnings Per Share (EPS)
    Result of fewer outstanding shares and higher earnings. Adjusted EPS* rose by 18% to $9.85

  • Continued high shareholder returns
    Repurchased shares for $351 million and paid $238 million in dividends

Financial Performance- 5 years

Sales per Q total
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USD million
Sales per Q total
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Graph1
Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Sales per Q total
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USD million
Sales per Q total
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Grap11
Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Sales per Q total
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Graph 12
Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Sales per product Total
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USD million
Sales per product Total
163B77
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Graph2
Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Gross and operation margin Total
column
USD
Gross and operation margin Total
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Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Gross and operation margin Total
column
USD
Gross and operation margin Total
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Graph 8
Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
1500, 2500, 3500, 4500, 5500, 6500, 7500, 8500, 9500, 10000
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Quarterly Earnings per share Total
column
BUSD
Quarterly Earnings per share Total
163B77
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Q2/2022, Q3/2022, Q4/2022, Q1/2023, Q2/2023, Q3/2023, Q4/2023, Q1/2024, Q2/2024, Q3/2024
-2, -1, 1, 2, 3, 4, 5, 6, 7, 8
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Balance sheet show
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%
Balance sheet show
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2001, 2002, 20023, 2004, 2005, 2006, 2007, 2008, 2009, 2010
0, 5, 10, 15, 20, 25, 30, 35, 40, 45
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Balance sheet show
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%
Balance sheet show
163B77
009FE3
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2001, 2002, 20023, 2004, 2005, 2006, 2007, 2008, 2009, 2010
0, 5, 10, 15, 20, 25, 30, 35, 40, 45
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Balance sheet show
column
%
Balance sheet show
163B77
009fe3
Graph 16
2001, 2002, 20023, 2004, 2005, 2006, 2007, 2008, 2009, 2010
0, 5, 10, 15, 20, 25, 30, 35, 40, 45
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Balance sheet show
column
%
Balance sheet show
163B77
d0d0d0
Graph17
2001, 2002, 20023, 2004, 2005, 2006, 2007, 2008, 2009, 2010
0, 5, 10, 15, 20, 25, 30, 35, 40, 45
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Financial Targets

Current Trading Performance (Q1 2026 YTD)

Revenue

$2.75M

Adjusted Operating Income

$245M

Adjusted Operating Margin

8.9%

Operating Cash Flow

$-76M

Global Light Vehicle Production (LVP)

-3.4%

Return on Equity (ROCE)

22.2%

Cash Conversion Ratio

100%

Net Debt / EBITDA

1.3X

*Non-GAAP Performance Measures. See “Non-GAAP Performance Measures” section in the Form 10-K filed with the SEC.
** Operating cash flow less capex, net vs. net income

Growth Target

~ 4-6%

on average per year,
over a 10+ year period
 

Adjusted Operating Margin

 

~12%

 

Cash conversion

 

≥80%

Read more about our divedends
Read more about out repurchase program

Key Financials

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.

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Annual report

Autoliv, the worldwide leader in automotive safety systems, has filed with the Securities and Exchange Commission (SEC) its 2025 Annual Report on Form 10-K, filed to Shareholders (ARS).

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Quarterly Reports

Report archive

Financial Calendar

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