Autoliv expects annual sales to grow 3–4% more than light vehicle production in medium term
Company aims to achieve adjusted operating margin of around 12%
Autoliv expects its annual organic sales to grow on average by 3-4% more than the increase in global light vehicle production over the next three-to-five years, the Sweden-based automotive supplier said during a Capital Market Day event, held in Ogden, Utah, United States on 19 November. The Swedish supplier aims to improve its adjusted operating margin to around 12%, assuming light vehicle production will grow on average by 1-2% per year. The company is also targeting cash conversion of at least 80%.