Financial Report October - December 2010

Press release

Sales: $1,907 million

Operating margin: 12.7%

Operating cash flow: $326 million 

EPS: $1.89

(Stockholm, February 1, 2011) - - - For the three-month period ended December 31, 2010, Autoliv Inc (http://www.autoliv.com). (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive safety systems - once again reported record results.

Operating income improved to $243 million, income before taxes to $231 million, net income to $179 million and earnings per share assuming dilution to $1.89. Gross margin amounted to 22.2% and operating margin to 12.7%.

Operational cash flow of $326 million and $245 million before financing were also new record highs.

Net sales increased by 14% to $1,907 million with the organic sales portion growing at a rate of 12% compared to a growth rate of 9% for global light vehicle production (LVP).

For the first quarter of 2011, the Company expects its consolidated net sales to rise by around 20% compared to the same quarter in 2010, with the organic sales portion growing by more than 10%. The current indication is that consolidated sales could increase by more than 10% for the full year 2011 with the organic sales portion growing by around 6%. An operating margin of at least 11.5% is expected for both the first quarter and the full year.  

An earnings conference call will be held at 3:00 p.m. (CET) today Tuesday, February 1. The webcast and the tele-conference number can be accessed at our web site, www.autoliv.com.