Financial Report April - June 2009

Financial Report April - June 2009

Sales and EBIT better than Expected

Strong Cash Flow; better than Last Year

(Stockholm, July 21, 2009) - - - For the three-month period ended June 30, 2009,
Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive
safety systems - reported net sales of $1,193 million, a positive operating
margin of 1.7% before restructuring charges and a positive cash flow of $96
million before financing (non-U.S. GAAP measures, see enclosed tables). 

These results were better than guidance provided in April thanks to the
Company's actions and stronger than anticipated light vehicle production.

Compared to the same quarter 2008, consolidated sales declined by 37% with the
organic sales portion declining by 28% due to a 35% drop in light vehicle
production (LVP) in North America and Western Europe, where Autoliv generates
more than 70% of its sales. 

Including severance and other restructuring charges of $32 million, operating
income was a loss of $12 million, income before taxes a loss of $28 million and
net income a loss of $21 million, corresponding to a loss per share of 24 cents.


Operations generated $127 million in cash, while the $96 million before
financing was $9 million more than in the same quarter 2008 despite higher
severance payments. Cash flow was also positive before financing for the full
six-month period. The first quarter (when sales fell by 49%) is expected to be
the only quarter the Company will report a negative cash flow.

For the third quarter, the Company expects a decline in consolidated net sales
of 20-25% with organic sales declining by 15-20% and a positive operating margin
in the range of 1% to 3% excluding restructuring charges.  


An earnings conference call will be held at 3:00 p.m. (CET) today July 21. To
listen in, call (in Europe) +44-203-003-2665 and (in the U.S.) +1-866-966-5335
or access www.autoliv.com under “News/Calendar”.