Autoliv: Financial Report October - December 2012

  Autoliv: Financial Report October - December 2012

Business Wire

STOCKHOLM, Sweden -- January 31, 2013

Regulatory News:

Sales: $2,052 million

EPS: $1.45

Cash Flow: $241 million

For the three-month period ended December 31, 2012, Autoliv, Inc. (NYSE: ALV
and SSE: ALIV.Sdb) – the worldwide leader in automotive safety systems –
reported an operating margin, excluding costs for capacity alignments and
antitrust investigations, of 9.4% compared to our guidance of “around 9%”. On
the same basis, operating income amounted to $193 million.

Consolidated sales hit a new fourth quarter record of $2,052 million and
organic sales grew by 1.5%, in line with our guidance. Operating income
amounted to $174 million with an operating margin of 8.5%, which includes
costs for the antitrust investigations and capacity alignments totaling $19
million. Income before taxes amounted to $170 million, net income to $140
million and earnings per share assuming dilution to $1.45.

Cash flow from operations amounted to $241 million and to $141 million before

For the first quarter of 2013, we expect consolidated sales to decline by 4%,
due to a similar decline in organic sales resulting from the depressed light
vehicle production in Western Europe, while the indication for the full year
is a consolidated sales increase of 2-4%, primarily due to a 1-3% increase in
organic sales. An operating margin of around 8% is expected for the first
quarter, while the indication for the full year is a margin of around 9%. Both
margin forecasts are excluding costs for capacity alignments and antitrust
investigations. Capacity alignment costs for 2013 are expected to reach at
least $25 million but not to exceed $50 million.

An earnings conference call will be held at 2:30 p.m. (CET) today, January 31.
To follow the webcast or to obtain the pin code and phone number, please
access The conference slides will be available on our web
site as soon as possible following the publication of this earnings report.

This information was brought to you by Cision


+46-8 58 72 06 22
Mats Ödman
VP Corporate Communications
+46 (0) 708 320 933
+46 (8) 587 20 623
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