Autoliv Reiterates Its Long-term Targets - Quick Facts

(RTTNews) - Automotive safety systems provider Autoliv, Inc. (ALV), which is holding its Capital Markets Day, Thursday reiterated its existing long-term targets.

The company's end-of-decade targets include growing earnings per share faster than the targeted sales growth.

The sales target is reaching $12 billion, indicating an annual growth rate of around 7 percent, and expanding its current passive safety market share from 39 percent. The company looks to grow organic sales at least in line with its market.

The company aims to improve margins in the electronics segment to reach the long-term corporate margin target range, while at least maintaining the current margin level in the passive safety segment.

Jan Carlson, Chairman, President and CEO of Autoliv, said, "Our mission is to be the leading supplier of safety systems for the future car, well integrated with autonomous driving. Today, at our capital markets day, we bring our mission to life by demonstrating world leading automotive safety solutions designed to save hundreds of thousands of lives in the years to come."