Autoliv Inc.
NYSE:ALV 4:00:00 PM EDT
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.
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.