Item 2.02 Results of Operations and Financial Condition.
On April 23, 2021, Autoliv, Inc. (the “Company”) issued a press release
announcing its financial results for the first quarter of 2021. A copy of the
press release is furnished as Exhibit 99.1 to this report and is incorporated
herein by reference. This press release contains certain references to financial
measures identified as “organic sales,” “adjusted operating income,” “adjusted
operating margin,” “trade working capital,” “adjusted earnings per share,” “net
debt,” “adjusted EBITDA,” “net cash before financing,” “operating cash flow,”
“free cash flow,” “cash conversion,” and “leverage ratio,” all of which are
adjustments from comparable measures calculated and presented in accordance with
U.S. generally accepted accounting principles (GAAP). These financial measures,
as used herein, differ from financial measures reported under GAAP, and
management believes that these financial presentations provide useful
supplemental information, which is important to a proper understanding by
investors of the Company’s core business results. These presentations should not
be viewed as a substitute for results determined in accordance with GAAP, nor
are they necessarily comparable to non-GAAP financial measures presented by
other companies. For an explanation of the reasons why management uses these
figures, see the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, filed with the SEC on February 19, 2021.
Item 7.01 Regulation FD Disclosure.
On April 23, 2021, the Company issued a press release announcing its financial
results for the first quarter of 2021. A copy of the press release is furnished
as Exhibit 99.1 to this report and is incorporated herein by reference.
The information in Items 2.02 and 7.01 of this Form 8-K and the exhibit attached
hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS 99.1 Press Release of Autoliv, Inc. dated April 23, 2021. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2(4)
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