NYSE$ALV
Autoliv Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Autoliv's sales, profits, and balance sheet showed good progress.
Autoliv reported strong Q1 2021 results with net sales of $2,242 million, a 17.9% organic sales growth, and an EPS of $1.79, which is a 108% increase. The company's operating margin was 10.6%, and adjusted operating margin was also 10.6%. Autoliv's strong cash flow and strengthened balance sheet led to a leverage ratio of 1.4x, within the target range.
- Strong organic sales growth, fueled by good performance in all regions.
- Strong improvement in operating income, driven by strong sales growth and continued cost control.
- Strong cash flow and strengthened balance sheet.
- The company reiterates full year guidance of around 20% organic sales growth and an adjusted operating margin of around 10%.
Headline financials
Revenue & EPS history
Autoliv · Revenue · Quarterly
$2.24B
Forward guidance
Autoliv anticipates continuing uncertainty in the automotive markets for the remainder of 2021. Despite increased industry wide supply chain challenges, the company is pleased to be able to reiterate its full year guidance of around 20% organic sales growth and an adjusted operating margin of around 10% as we expect effects of the supply chain challenges to be balanced with positive sales mix and cost reduction actions. We can see that our strategic initiatives gradually are yielding good results, and we expect 2021 to be a solid stepping stone towards our 2022-24 targets which include a significant growth above light vehicle production as well as a solid adjusted operating margin increase
Tailwinds
- Net sales growth around 23%
- Organic sales growth around 20%
- Adjusted operating margin around 10%
- Operating cash flow similar level as 2020
- Capex, net % of sales below 6%
Headwinds
- COVID-19 pandemic impacting business through limited light vehicle production.
- Semiconductor and other industry supply chain disruptions, especially in North America and Europe.
- Current industry-wide semiconductor shortage is likely to continue to negatively impact LVP.
- Stabilization of supply may not emerge until the fourth quarter.
- Adverse cost development from rising raw material prices throughout 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.5%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.4%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+10.0%
Q4 2017
Best reaction
-11.2%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | +4.3% | +3.1% | |
| Q4 2025 | -4.1% | +0.1% | -6.3% | |
| Q3 2025 | -2.6% | -4.5% | -0.3% | |
| Q2 2025 | +0.1% | +0.9% | +6.0% | |
| Q1 2025 | +5.6% | +4.0% | +24.0% | |
| Q4 2024 | -4.6% | -6.8% | -3.9% | |
| Q3 2024 | +3.1% | +2.8% | +4.3% | |
| Q2 2024 | -8.8% | -9.9% | -8.0% | |
| Q1 2024 | +4.7% | +4.0% | +8.5% | |
| Q4 2023 | +4.4% | +3.4% | +8.4% | |
| Q3 2023 | +6.5% | +7.7% | +13.6% | |
| Q2 2023 | +9.1% | +8.9% | -0.3% | |
| Q1 2023 | -5.6% | -6.7% | -5.4% | |
| Q4 2022 | +7.2% | +7.8% | +7.6% | |
| Q3 2022 | +7.5% | +7.8% | +19.2% | |
| Q2 2022 | +2.5% | +4.2% | +0.7% | |
| Q1 2022 | -5.4% | -6.7% | -1.4% | |
| Q4 2021 | +3.3% | +7.3% | -4.0% | |
| Q3 2021 | -1.7% | -0.7% | +10.4% | |
| Q2 2021 | -4.6% | -2.2% | +3.1% | |
| Q1 2021 | +8.8% | +7.1% | +5.1% | |
| Q4 2020 | +0.1% | +0.1% | +0.7% | |
| Q3 2020 | -1.6% | -10.7% | +5.2% | |
| Q2 2020 | -3.5% | -0.9% | +6.1% | |
| Q1 2020 | +10.0% | +9.3% | +13.0% | |
| Q4 2019 | +5.2% | +3.2% | -9.1% | |
| Q3 2019 | -1.1% | -5.2% | -0.5% | |
| Q2 2019 | +3.3% | +10.4% | -5.6% | |
| Q1 2019 | +2.3% | -2.8% | -17.2% | |
| Q4 2018 | -3.8% | -4.7% | -0.7% | |
| Q3 2018 | +6.0% | +4.1% | +9.7% | |
| Q2 2018 | +1.2% | -1.9% | -11.1% | |
| Q1 2018 | -8.6% | -6.1% | +0.5% | |
| Q4 2017 | +10.0% | +4.5% | +3.7% | |
| Q3 2017 | +1.4% | +2.0% | +1.5% | |
| Q2 2017 | -7.2% | -5.9% | -9.0% | |
| Q1 2017 | -7.6% | -6.1% | +2.8% | |
| Q4 2016 | -11.2% | -11.3% | -10.4% | |
| Q3 2016 | -6.7% | -6.9% | -0.9% | |
| Q2 2016 | -7.5% | -6.1% | -7.3% | |
| Q1 2016 | +8.1% | — | — | |
| Q4 2015 | -7.0% | — | — | |
| Q3 2015 | +3.3% | — | — | |
| Q2 2015 | +2.9% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | +4.2% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | +6.5% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2012 | -10.2% | — | — | |
| Q2 2012 | -4.2% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q3 2011 | +6.5% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2010 | +7.4% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q4 2008 | -1.3% | — | — | |
| Q3 2009 | -0.3% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2009 | +7.5% | — | — | |
| Q2 2010 | +7.5% | — | — | |
| Q4 2009 | +7.5% | — | — |
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