Financial Report January - March 2010

Financial Report January - March 2010

Sales: $1,721 million
Operating margin: 11.4%
EPS: $1.39
Large Market Share Gains

(Stockholm, April 27, 2010) - - - For the three-month period ended March 31,
2010, Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in
automotive safety systems - met its guidance and reported its highest quarterly
operating income and operating margin ever of $195 million and 11.4%,
respectively, on the back of a consolidated sales recovery of 86% to $1,721
million.

Other operating expense net, mainly restructuring costs, of $11 million had a
0.6 percentage point negative margin impact. 

Excluding currency effects, acquisitions and more production days, sales grew
organically by 64% (non-U.S. GAAP measures, see enclosed table) compared to the
increase in global light vehicle production which was 47%.  

Income before taxes improved to $179 million, net income attributable to
controlling interest to $127 million and earnings per share assuming dilution
improved to $1.39. 

Operations generated a positive cash flow of $149 million compared to a negative
cash flow of $9 million in the first quarter 2009. 

For the second quarter of 2010, the Company expects consolidated net sales to
rise by more than 40% compared to the same quarter 2009 with organic sales
growing by at least 30% and anticipates an operating margin of at least 11%. For
the full year, sales are expected to improve by close to 30% with organic sales
growing by approximately 20%. The indicative operating margin for the full year
is at least 10%.  

An earnings conference call will be held at 3:00 p.m. (CET) today April 27. To
follow the webcast or to obtain your personal pin code and phone number, please
access www.autoliv.com.