Stockholm, Sweden, (NYSE: ALV and SSE: ALIV.sdb) - Sales increased organically* by 18%, which was 15pp better than global LVP growth of 2.3% (S&P Global Jan 2023). We outperformed by around 5-23pp in all regions, mainly due to price increases and new product launches.

* Q4 2022: Solid performance

* Financial highlights Q4 2022

* $2,335 million net sales

* 10% net sales increase

* 18% organic sales increase*

* 9.8% operating margin

* 10% adjusted operating margin*

* $1.80 EPS, a 38% increase

* $1.83 adjusted EPS*, a 40% increase

* Full year 2023 indications

* Around 15% organic sales growth

* Around 1% negative FX effect on net sales

* Around 8.5-9.0% adjusted operating margin

* Around $900 million operating cash flow

* Key business developments in the fourth quarter of 2022

Profitability improved significantly, driven by successful execution of price increases, cost reductions and volume growth. Operating income improved by 32% and operating margin improved to 9.8% from 8.2% with adjusted operating margin* improving to 10.0%, despite continued adverse market conditions, including raw material cost increases, broad inflationary pressure and volatile LVP. Return on capital employed increased by 5.4pp to 24.3%.

Operating cash flow improved from $317 million to $462 million, driven by higher net income and positive working capital effects. Free cash flow* increased to $297 million. Leverage ratio* decreased to 1.4x from 1.6x in the third quarter. Dividend paid was increased by 2.7% to $0.66 per share and 0.65 million shares were repurchased in the quarter.

*For non-U.S. GAAP measures see enclosed reconciliation tables.

Key Figures: See full release at:

https://www.autoliv.com/press/financial-report-october-december-2022-2088255

(C) 2023 Electronic News Publishing, source ENP Newswire