"Our products save over 15,000 lives globally every year and prevent at least ten times as many injuries."
Vision, mission and strategy
our vision is to substantially reduce traffic accidents, fatalities and injuries.
our mission is to create, manufacture and sell state-of-the-art automotive safety systems.
our strategy is to be vehicle manufacturers' first-choice supplier through:
– Technological leadership
– Complete system capabilities
– Highest-value safety system solutions
– Cost efficiency
– Quality excellence
– Global presence
– Highest level of service and commitment
– Dedicated and motivated employees
OUR VALUES ARE:
life – We have a passion for saving lives.
customers – We are dedicated to creating satisfaction for our customers and value for the driving public.
employees – We are committed to the development of people's skills, knowledge and creative potential.
innovation – We are driven for innovation and continuous improvement.
ethics – We adhere to the highest level of ethical and social behavior.
culture – We are founded on global thinking and local actions.
We save lives worldwide
We are the world's largest automotive safety supplier with sales to all the leading car manufacturers in the world. We develop, market and manufacture airbags, seatbelts, safety electronics, steering wheels, anti-whiplash systems, seat components and child seats, as well as night vision systems and other active safety systems. We account for more than one third of the global market.
According to the U.S. National Highway Traffic Safety Administration (NHTSA) in the United States alone, seatbelts and airbags save more than 15,000 lives and prevent more than 300,000 injuries every year. Since Autoliv accounts for more than one third of all seatbelts and airbags that are produced in the world and there are even more traffic accidents and fatalities in other regions of the world than in the United States, we estimate that our products save over 15,000 lives globally every year and prevent at least ten times as many injuries. The monetary savings to societies for health care, rehabilitation and loss of income is also at least ten times higher than our sales (see page 18).
Autoliv, Inc. was created in 1997 from a merger between the Swedish company Autoliv AB and the American company Morton ASP. Autoliv now has 80 subsidiaries and joint ventures in 30 vehicle-producing countries with nearly 40,000 employees. In addition, we have technical centers in nine countries with 20 crash test tracks – more than any other automotive safety supplier.
Autoliv's shares are listed on the New York Stock Exchange (under the symbol ALV) and its Swedish Depository Receipts (SDR) are listed on the Stockholm Stock Exchange (under the symbol ALIV).
Summary 2005
–Record sales despite a drop in car production in our largest market
–Continued strong market growth for side airbags
–Higher raw material costs but operating income maintained
–Utilization of Jobs Creation Act opportunity
–Net income, earnings per share and return on equity affected by this one-time tax savings opportunity
–Dividend increased and share buybacks accelerated
US$200520042003
Sales (in millions)6,2056,1445,301
Operating income (in millions)513513427
Net income (in millions)293326268
Earnings per share (assuming dilution)3.263.462.81
Cash from operations (in millions)479680529
Return on shareholders' equity (%)11.713.212.2
Dividends paid (in millions)1057051
stable margins
Despite a 1.5 percentage point negative effect from higher raw material prices, operating margin stood almost unchanged at 8.3% in 2005 compared to 8.4% in 2004.
record sales
Since 2001, consolidated sales (including acquisitions and currency effects) have grown by 55%, compared to a 5% growth in the light vehicle production in the Triad (i.e. Europe, North America and Japan) during the same period.
Record shareholder returns
During 2005, Autoliv returned a total of $483 million to shareholders through stock buybacks and dividend payments. This was 65% more than net income and corresponds to 18% of the Company's average market capitalization during 2005.