QUOTE AND NEWS
newratings.com  Apr 3  Comment 
STOCKHOLM (dpa-AFX) - Autoliv, Inc. (ALV), a supplier of automotive safety systems, Thursday said Lars Nyberg, Chairman of its Board of Directors, has informed the Board that he wishes to withdraw his name as a nominee for re-election to the Board...
DailyFinance  Mar 26  Comment 
Autoliv AB (NYSE:ALV) (STO:ALIVSDB) Autoliv Inc. plans to publish its Financial Report for the first quarter of 2014 on Friday April 25, at 12:00, Central European Time (11:00 a.m. UK Time, 6:00 a.m. ET). The...
Automotive World  Mar 24  Comment 
Autoliv Inc. – the global leader in automotive safety systems – has elected Mr. Franz-Josef Kortüm as a new member to its Board of Directors. Mr. Kortüm has a long and impressive career in the automotive industry, in 1994 joining Webasto SE...
Benzinga  Mar 18  Comment 
Ubiquiti Networks (NASDAQ: UBNT) shares touched a new 52-week high of $55.06. Ubiquiti Networks shares have jumped 314.06% over the past 52 weeks, while the S&P 500 index has gained 20.05% in the same period. 21Vianet Group (NASDAQ: VNET)...
Automotive World  Mar 17  Comment 
Autoliv, Inc. today announced that the Company expects to issue $1.25 billion of long term debt securities. Autoliv first announced its intention to issue long term debt on February 19, 2014. The offering is part of the Company’s previously...
StreetInsider.com  Feb 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Autoliv%2C+Inc.+%28ALV%29+Declares+%240.52+Quarterly+Dividend%3B+2.2%25+Yield/9188191.html for the full story.
Benzinga  Feb 11  Comment 
In a report published Tuesday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating on Autoliv (NYSE: ALV), and raised the price target from $64.00 to $70.00. In the report, Morgan Stanley noted, “The active safety...
SeekingAlpha  Jan 31  Comment 
Autoliv (ALV) Q4 2013 Earnings Call January 31, 2014 8:30 am ET Executives Jan Carlson - Chief Executive Officer, President and Director Mats Wallin - Chief Financial Officer, Principal Accounting Officer and Vice President ...
DailyFinance  Jan 31  Comment 
Regulatory News: Record Sales For the three-month period ended December 31, 2013, Autoliv, Inc. (NYSE:ALV)(STO:ALIVSDB) – the worldwide leader in automotive safety systems – reported record consolidated...
StreetInsider.com  Jan 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Autoliv%2C+Inc.+%28ALV%29+Tops+Q4+EPS+by+17c/9109967.html for the full story.




 

Autoliv, Inc. (NYSE: ALV) manufactures protection systems for automobiles, with a product portfolio consisting primarily of safety airbags, seat belts, and steering wheels.[1] Autoliv sells its products to automobile manufacturers such as Ford Motor Company (F), Nissan Motor (NSANY), General Motors (GM), and Volkswagen (VLKAY).[2]

Autoliv is the largest airbag and seat belt producer with 33% of the world market. Despite Autoliv's large size, it is heavily exposed to a few customers as sales to the company's five largest customers comprise nearly 60% of Autoliv's revenues.[3]

Business Overview

Business & Financial Metrics[4]

In 2009, ALV generated a net income of $10 million on revenues of $5.12 billion. This represents a 93.9% decrease in net income and a 20.9% decrease in revenues from 2008, when the company earned $165 million on $6.47 in revenues.

Business Segments

Autoliv's main products are airbags and seat belts, but the company also makes related automobile safety products, including night vision systems, steering wheels, and electronic control systems.[5] The company operates through a single reportable operating segment.[6]

Airbags and Associated Products

Airbags and Associated Products manufactures airbags and related products, such as airbag inflators and modules that control when the airbags deploy.[7] Autoliv's airbags include innovations such as the "Safety-Vent Airbag" which changes size and shape based on the weight and build of the driver or passenger it is protecting. Due to new federal laws in the U.S. requiring that all passenger vehicles in the United States have side curtain airbags by 2012, Autoliv said it expects side curtain airbags to be this segment's strongest growth driver.[8]

Seat Belts and Associated Products

In addition to seat belts, the Seat Belts and Associated Products segment makes related components like pretensioners, which tighten the seat belt right before a crash to help prevent injury, and load limiters, which loosen seat belt tension in a controlled way to decrease pressure on the occupants chest.[9]

Key Trends and Forces

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Exchange rates affect ALV's revenues

Because Autoliv reports its revenue in U.S. dollars but does 75% of its business outside of North America, its revenue is highly exposed to fluctuations in exchange rates. When foreign currencies depreciate, the dollar value of Autoliv's international revenues decreases. On the other hand, when the value of the dollar decreases (foreign currencies appreciate), the dollar value of Autoliv's international revenues increases.

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References

  1. ALV 2007 10-K Exhibit 13: Note 19 to Consolidated Financial Statements
  2. ALV 2007 10-K Exhibit 13: Note 19 to Consolidated Financial Statements
  3. ALV 10-K Risk Factors: Our business could be materially and adversely affected if we lost any of our largest customers
  4. ALV 2009 10-K Ex-13  
  5. ALV 2007 10-K Item 1 Business: Business
  6. ALV 2009 10-K  
  7. ALV 2007 10-K Item 1 Business: General
  8. ALV 2007 Annual Report: Technology, pg 18
  9. ALV 2007 Annual Report: Autoliv-Driven for Life, pg 3
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