Autoliv ( (ALV) ) has shared an announcement.
On January 31, 2025, Autoliv announced its financial results for the fourth quarter of 2024, highlighting a record operating profit, margin, and earnings per share despite a 4.9% decrease in net sales. The company credited these achievements to successful cost reductions and commercial recoveries, which led to a 7% reduction in total headcount and improved profitability. Although Autoliv underperformed in certain regions like China due to a negative LVP mix, it anticipates improvement in 2025 with a record number of new launches expected in the Chinese market. The company’s strong performance is seen as a result of strategic cost control and agreements with major customers on inflation compensation, setting a solid foundation for future growth despite anticipated industry challenges.
More about Autoliv
Autoliv is a company in the automotive safety industry, primarily focusing on the production of automotive safety systems. The company is known for its airbags, seatbelts, and steering wheels, and it holds a significant position in the global automotive market.
YTD Price Performance: 9.76%
Average Trading Volume: 666,794
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.98B
See more data about ALV stock on TipRanks’ Stock Analysis page.