Autoliv Inc.

NYSE:ALV   4:00:00 PM EDT
-0.71 (-0.81%)
4:51:37 PM EDT: $87.53 +0.86 (+0.99%)
Share Repurchases, Other Pre-Announcement

Autoliv Updates Targets And Announces New Stock Repurchase Program

Published: 11/16/2021 06:50 GMT
Autoliv Inc. (ALV) - Autoliv Holds Capital Markets Day - Updates Targets and Announces New Stock Repurchase Program.
For 2022 to 2024, We Target a 12% Adjusted Operating Margin.
Autoliv Inc - for Coming Three Years, Ie 2022-2024, We Expect to Grow Organically* by Around 4 Percentage Points More Than Light Vehicle Production (lvp) Growth per Year, on Average.
Introduce a Long-term Growth Target Beyond 2024, Where We Aim to Grow Sales Organically by 4-6% per Year, Over Time.
Ambition is to Further Increase Earnings Capacity, to an Adjusted Operating Margin* of Around 13%.
Reiterates Its Aim for a Cash Conversion* (operating Cash Flow Less Capex, Net Versus.
Net Income) of at Least 80%.
Maintains Its Target for a Leverage Ratio* (net Debt to Adjusted.
EBITDA) of Around 1x, With a Range of 0.5x To1.5x.
Our Capital Efficiency Program Could Unlock Up to $800 Million From Receivables, Inventory and Payables for Other Uses.
New Stock Repurchase Program.
New Stock Repurchase Program That Authorizes Company to Repurchase Up to $1.5 Billion Or Up to 17 Million Common Shares.
Share Repurchase Program to Run Between January 2022 and End of 2024.
New Stock Repurchase Program Will Replace Current Program.