Financial Report April - June 2011

Financial Report April - June 2011


Sales:             $2,061 million
Operating margin:  10.0%
EPS:               $1.54

(Stockholm, July 21, 2011) - - - For the three-month period ended June
30, 2011, Autoliv, Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader
in automotive safety systems - reported better than expected sales and
margins.

Consolidated net sales increased by 14% to $2,061 million compared to
the same quarter 2010. Organic sales grew at a rate of 5% compared to
the flat expectation forecast in April. Global light vehicle production
(LVP) is estimated by IHS to have declined by 1%.

Mainly due to the effects of the earthquake in Japan on global LVP,
operating income and income before taxes declined by 10% to $205 million
and $185 million, respectively. Net income was virtually unchanged at
$146 million, while earnings per share assuming dilution declined by 4%
to $1.54 principally due to more shares outstanding.

Operating margin declined to 10.0% from an exceptionally high level of
12.7% in the same quarter 2010, but exceeded our 9% forecast.

Cash flow from operations amounted to $132 million and to $40 million
before financing.

For the third quarter of 2011, the Company expects organic sales to grow
by about 9% and consolidated net sales to rise by approxi­mately 16%. An
operating margin of approximately 10% is expected for the quarter. For
the full year, the current indications are a sales increase of
approximately 16% with organic sales growing by more than 9% and an
operating margin of more than 11%. The margin estimates for the
remainder of the year do not include any impact from the ongoing
antitrust investigations.

An earnings conference call will be held at 3:00 p.m. (CET) today July
21. To follow the webcast or to obtain phone numbers, please access
www.autoliv.com.