Autoliv Inc
0HJH.L
$126.39 1.46%
Exchange: LSE | Sector: Consumer Cyclical | Industry: Auto Parts
Q2 2024
Published: Jul 19, 2024

Earnings Highlights

  • Revenue of $2.61B down 1.1% year-over-year
  • EPS of $1.70 increased by 175.8% from previous year
  • Gross margin of 18.2%
  • Net income of 138.00M
  • "We are investing heavily in next-generation safety systems to align with the demands of electric and autonomous vehicles." - Chief Financial Officer

Autoliv Inc (0HJH.L) QQ2 2024 Results: Steady Growth Amidst Market Challenges

Executive Summary

In the second quarter of 2024, Autoliv Inc (0HJH.L) reported revenues of $2.605 billion, a slight decrease of 1.14% year-over-year (YoY) and a marginal drop of 0.38% quarter-over-quarter (QoQ). Despite facing some market challenges, the company demonstrated strong resilience with a significant 160.38% increase in net income, totaling $138 million, highlighting robust operational improvements and cost management strategies. Management emphasized the company's commitment to innovation in passive safety systems amidst evolving automotive safety standards. The operational income surged by 135.11% YoY to $221 million, showcasing effective cost controls and enhanced supply chain efficiencies. Autoliv's strategic investments in R&D have played a crucial role in maintaining competitive advantage in a dynamic marketplace, with notable improvements in gross profit margins as well.

Key Performance Indicators

Revenue

2.61B
QoQ: -0.38% | YoY:-1.14%

Gross Profit

475.00M
18.23% margin
QoQ: 7.22% | YoY:6.26%

Operating Income

221.00M
QoQ: 11.62% | YoY:135.11%

Net Income

138.00M
QoQ: 9.52% | YoY:160.38%

EPS

1.71
QoQ: 11.76% | YoY:175.81%

Revenue Trend

Margin Analysis

Key Insights

**Revenue:** $2.605 billion, down 1.14% (YoY) but stable (QoQ). **Gross Profit:** $475 million, an increase of 6.26% YoY and 7.22% QoQ. **Operating Income:** $221 million, a substantial rise of 135.11% YoY and 11.62% QoQ. **Net Income:** $138 million, an impressive jump of 160.38% YoY and 9.52% QoQ. **EPS:** $1.71, reflecting a growth of 175.81% YoY and 11.76% QoQ. Autoliv's current ratio stands at 0.978, indicating a tight liquidity position, whereas the debt-to-equity ratio remains at 0.8...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,714.00 2.16 +4.2% View
Q1 2025 2,578.00 2.14 -1.4% View
Q4 2024 2,616.00 3.02 -4.9% View
Q3 2024 2,555.00 1.74 -1.6% View
Q2 2024 2,605.00 1.70 -1.1% View