Autoliv — Oct 18, 2024 release

es 1.6% net sales decrease 0.8% organic sales decline* 8.9% operating margin 9.3% adjusted operating margin* $1.74 diluted EPS, 11% increase $1.84 adjusted diluted EPS*, 11% increase   Full year 2024 guidance Around 1% organic sales growth Around 1% negative FX effect on net sales Around 9.5-10.0% adjusted operating margin Around $1.1 billion operating cash flow     All change figures in this release compare to the same period of the previous year except when stated otherwise.   Key business developments in the third quarter of 2024   • Third quarter sales decreased organically* by 0.8% , which was 4pp better than global LVP decline of 4.8% (S&P Global Oct 2024). We outperformed in Europe and Asia excl. China, mainly due to high level of product launches and positive pricing. Our sales to domestic Chinese OEMs grew by 18%, which is twice as much as their LVP growth of 8.5%. Despite this, we underperformed in China, due to a substantial negative LVP mix as lower safety content models grew strongly while higher content models declined. • Profitability was unchanged despite a slight net sales decline. This was mainly due to successful execution of cost reductions and commercial recoveries and despite inflationary cost increases and a $14 million cost related to a supplier settlement. Both direct and indirect headcount continued to decrease. Operating income was $226 million and operating margin