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Financial Report July - September 2010

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  Published in House and Home on Tuesday, October 26th 2010 at 4:05 GMT by Market Wire
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STOCKHOLM, Sweden--([ BUSINESS WIRE ])--Regulatory News:

Sales: $1,741 million
Operating margin: 11.6%
Operating cash flow: $198 million
EPS: $1.51

For the three-month period ended September 30, Autoliv Inc. (NYSE: ALV) (STO: ALIV) a" the worldwide leader in automotive safety systems a" reported its best third quarter ever.

Net sales increased by 31% to $1,741 million with the organic sales portion growing at a rate of 23% compared to a growth rate of 13% for global light vehicle production (LVP).

Operating income improved to $202 million, income before taxes to $190 million, net income to $141 million and earnings per share assuming dilution to $1.51. Gross margin amounted to 21.5% and operating margin to 11.6%.

Operations generated a positive cash flow of $198 million, and $134 million before financing.

For the fourth quarter of 2010, the Company expects its consolidated net sales to rise by approximately 15% compared to the same quarter in 2009, with the organic sales portion growing by nearly 12%. This would result in a consolidated sales increase of approximately 40% for the full year with organic sales growing by at least 30%. An operating margin of approximately 12% is expected for both the fourth quarter and the full year 2010.

An earnings conference call will be held at 2:00 p.m. (CET) today October 26. To follow the webcast or to obtain your personal pin code and phone number, please access [ www.autoliv.com ].

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