NYSE$ALV
Autoliv Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Solid performance driven by price increases, cost reductions and volume growth.
Autoliv reported solid Q4 2022 results with a 10% increase in net sales and significant improvement in profitability, driven by successful execution of price increases, cost reductions, and volume growth. The company's operating margin improved to 9.8%, and adjusted EPS increased by 40% to $1.83.
- Sales increased organically by 18%, outperforming global LVP growth by 15pp.
- Profitability improved significantly, driven by successful execution of price increases, cost reductions and volume growth.
- Operating cash flow improved from $317 million to $462 million, driven by higher net income and positive working capital effects.
- Free cash flow increased to $297 million.
Headline financials
Revenue & EPS history
Autoliv · Revenue · Quarterly
$2.34B
Forward guidance
For full year 2023, Autoliv anticipates organic sales growth of around 15% and an adjusted operating margin of around 8.5-9%.
Tailwinds
- Organic sales growth of around 15%.
- Positive cash flow trend should allow for increasing shareholder returns.
- Extensive customer discussions initiated early in 2022 that resulted in price increases to compensate for high raw material cost inflation.
- A high level of product launches and relentless cost control also supported our strong performance.
- Order win rates for new EV platforms were high, both with new EV makers and traditional OEMs.
Headwinds
- Around 1% negative FX effect on net sales.
- Tax rate around 32%.
- Challenges from inflation impacting our non-raw material costs such as labor, logistics and energy.
- Supply Chain LVP was limited in Q4 2022 as a result of the global semiconductor shortage and other industry supply chain disruptions.
- Supply chain disruptions led to low customer demand visibility and material changes to customer call-offs with short notice which negatively impacted our production efficiency and profitability in the quarter.
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 Q4 2022
+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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