Autoliv Defies Global Challenges with Stable Profitability

The new financial report from Autoliv for the third quarter of 2024 shows that the net sales decreased slightly by 1.6% to $2,555 million, while the company was still able to maintain a solid operating margin of 8.9%. Despite global challenges, Autoliv outperformed declines in light vehicle production, particularly in Europe and Asia, with the exception of China. A significant factor in this performance was the company's successful cost management, which resulted in a 6% reduction in the direct workforce. The company remains optimistic and expects organic sales growth of 1% for the full year. The forecast for a robust operating cash flow of $1.1 billion remains intact.