Autoliv — Jul 17, 2026 release

Leverage ratio*: On June 30, 2026, the Company had a leverage ratio of 1.2x compared to 1.3x on June 30, 2025, as the 12 months trailing adjusted EBITDA* increased by $73 million while net debt* per the policy decreased by $44 million. Our target is to have a leverage ratio not higher than 1.5x.   First six months 2026 development Operating cash flow  increased by $4 million to $359 million compared to the prior year, mainly because the positive effects from working capital and depreciations were almost offset by the lower net income. Capital expenditure, net, decreased by $29 million compared to the prior year. The level of capital expenditure, net, in relation to sales was 3.2% versus 3.9% a year earlier. The lower level of capital expenditure, net was mainly related to the lower activity level of footprint optimization and less capacity expansion.         Free operating cash flow*  was positive $180 million compared to positive $147 million in the prior year. The increase was mainly due to the lower level of capital expenditure, net. Cash conversion*  defined as free operating cash flow* in relation to net income, was 74% compared to 44% a year earlier as free operating cash flow increased while net income decreased.   Headcount     Jun 30 Mar 31 Jun 30   2026 2026 2025 Total headcount 63,500 64,100 65,100 Whereof: Direct headcount in manufacturing 46,200 46,700 48,000