Autoliv Inc. reported its financial results for the first quarter of 2025, revealing a net sales figure of $2.578 billion, a decrease of 1.4% compared to $2.615 billion in the same period last year. The company achieved an operating income of $254 million, reflecting a significant increase of 31.2% from $194 million in the prior year. The net income attributable to controlling interest rose to $167 million, up 32.1% from $127 million in the first quarter of 2024. This resulted in a diluted earnings per share of $2.14, a 41% increase from $1.52 in the previous year.
The company noted several strategic developments during the quarter, including a successful navigation of the new tariff environment, which allowed it to pass on increased costs to customers. Autoliv's structural cost reduction program contributed to improved profitability, with a reported operating margin of 9.9%, up from 7.4% a year earlier. The company also repurchased and retired 0.5 million shares of common stock during the quarter, supporting a record first-quarter EPS.
Operationally, Autoliv's total headcount decreased by approximately 4,200 employees, or 6%, compared to the same period last year, despite a 2.2% organic sales growth. The reduction in workforce was attributed to improved operational efficiency and customer call-off accuracy. The company reported a leverage ratio of 1.3x, consistent with its target range, and total equity decreased by $80 million year-over-year, primarily due to dividend payments and share repurchases.
Looking ahead, Autoliv maintains a cautious outlook for 2025, reiterating its guidance for organic sales growth of around 2% and an adjusted operating margin of approximately 10-10.5%. The company anticipates challenges from geopolitical uncertainties and inflationary pressures but remains optimistic about its ability to adapt and respond to market conditions. Autoliv's management emphasized the importance of its regionalized footprint and strong customer relationships as key factors in navigating the evolving automotive landscape.
About AUTOLIV INC
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