Financial Report July - September 2015

Strong growth in Europe and Active Safety
(Stockholm, October 23, 2015) – – – For the three-month period ended September
30, 2015, Autoliv, Inc. (NYSE: ALV and SSE: ALIV.Sdb) – the worldwide leader in
automotive safety systems – reported consolidated sales of $2,185 million.
Quarterly organic sales* grew by 8.4%. The adjusted operating margin* was 9.4%
(for non-U.S. GAAP measures see enclosed reconciliation tables).

The expectation at the beginning of the quarter was for organic sales growth of
“more than 7%” and an adjusted operating margin of “around 9%”.

For the fourth quarter of 2015, the Company expects organic sales to increase by
around 9% and an adjusted operating margin of around 10.5%. The expectation for
the full year is for organic sales growth of around 7% and an adjusted operating
margin of around 9.5%.

Key Figures
For Key Figures summary table, please refer to attached file below.

Comments from Jan Carlson, Chairman, President & CEO

"During the third quarter, we delivered more than 8% organic sales growth,
including 36% growth in our important active safety business. The adjusted
operating margin improved year-over-year to 9.4%. In addition adjusted earnings
per share grew by 22%. I am pleased with Autoliv’s overall performance in the
quarter.

Our strong growth outperformed the light vehicle production in all regions. We
saw double digit growth in Europe, Japan and the Rest of Asia, which combined
account for around half of Autoliv’s total sales. In Europe, active safety and
sales of passive safety products to volume manufacturers were the strongest
growth drivers.

In China, we performed better than the light vehicle production. However, given
the current uncertainty, we continue to implement short term measures, including
adjusting manufacturing capacity to mitigate the margin effect from fluctuating
volumes. At the same time we continue to prepare for a more normalized growth
situation by strengthening our engineering capabilities.

During the quarter we executed toward our mission of being the leading safety
supplier for the future car. We closed the previously announced acquisition of
MACOM’s automotive business and launched the important Electronic Horizon
product at the ITS show in France. We signed an agreement (subject to closing)
with the intent to form a joint venture in the area of brake control systems
with Nissin-Kogyo. We also became a participant in the Drive Me program, a
cooperation between several parties including Volvo Car Corporation, academic
institutions and authorities where we will collaborate on the road to self
-driving vehicles.

At our Capital Markets Day in early October, we set the course towards the end
of the decade by setting our financial targets for growth, margins and earnings
per share. At the event we also demonstrated our industry leading active safety
portfolio which will play a vital role in delivering “Real Life Safety” in the
years to come.”


An earnings conference call will be held at 2:00 p.m. (CET) today, October 23.
To follow the webcast or to obtain the pin code and phone number, please access
www.autoliv.com. The conference slides will be available on our web site as soon
as possible following the publication of this earnings report.