Financial Report January - March 2008

Financial Report January - March 2008

Sales:  Up 8% to $1,828 million
Net Income:  Up 11% to $82 million
EPS:  Up 22% to $1.11
Cash Flow: Up 84% to $165 million

(Stockholm, April 22, 2008) - - - For the quarter ended March 31, 2008, Autoliv
Inc. (NYSE: ALV and SSE: ALIV) - the world¬wide leader in automotive safety
systems - reported record quarterly sales and the strongest cash flow for any
first quarter despite a very weak North American market and a weak Western
European market. 

When compared to the same quarter 2007, net sales rose by nearly 8% to $1,828
million driven by favorable currency effects of 9%. Operating income increased
by 1% to $127 million resulting in an operating margin of 7.0%. Income before
taxes stood unchanged at $113 million, while net income increased by 11% to $82
million and earnings per share by 22% to $1.11. 

Cash flow from operations improved to $165 million and cash flow before
financing activities to $100 million. During the last twelve months, the Company
has generated record-breaking cash flow of $856 million and $512 million before
financing. 

Sales for the second quarter 2008 are expected to increase by approximately 14%
with the organic portion growing at a rate of approximately 2%. Operating margin
is expected to reach at least the same level of 7.7% on a comparable basis as in
the second quarter 2007. The operating margin guidance for the full year remains
unchanged 8.0-8.5%, while full year sales are now expected to grow due to
stronger currency effects by more than 10% compared to 7% expected at the
beginning of the year. The expected growth in organic sales remains unchanged at
2%, while the expected effective tax rate for the full year is revised; from 31%
to around 28%. 


An earnings conference call will be held today, April 22nd,  at 3:00 p.m. (CET).
To listen in, call (in Europe) +44-20-3003-2665 and (in the U.S.)
+1-866-966-5335 or access www.autoliv.com under “News/Calendar”.