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STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:

For the three-month period ended March 31, 2012, Autoliv Inc. (NYSE:ALV)(STO:ALIVSDB) a" the worldwide leader in automotive safety systems a" reported record quarterly sales of $2,179 million - an increase of 3% - and an operating margin of 7.0%, including a $14.5 million accrual for the estimated fines to resolve the U.S. antitrust investigation. Excluding costs related to capacity alignments and the ongoing antitrust investigations, operating margin amounted to 10.0% compared to aaround 10%a expected at the beginning of the quarter (non-U.S. GAAP measure, see enclosed reconciliation table).

Organic sales grew at a rate of 5%, as expected.

Operating income declined by $102 million to $153 million, primarily due to higher costs for capacity alignments, raw materials and R,D&E expenses, in addition to the antitrust accrual.

Income before taxes amounted to $141 million, net income to $101 million and earnings per share assuming dilution to $1.07.

Cash flow from operations amounted to $98 million and to $19 million before financing.

The indication for the full year 2012 is that organic sales are expected to grow by approximately 7% and consolidated sales by 4%. The guidance for the second quarter is an increase in consolidated sales of around 3% and approximately 7% for organic sales. The operating margin indication remains unchanged at 10-11% for the full year, while the guidance for the second quarter is an operating margin of more than 9%. This margin indication and guidance excludes costs for capacity alignments and the antitrust investigations and imply a stronger second half of the year, with a margin of around 11%.

An earnings conference call will be held at 2:30 p.m. (CET) today, April 27. To follow the webcast or to obtain 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.

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