Autoliv, Inc. (NYSE:ALV) Q3 2022 Earnings Conference Call October 21, 2022 8:00 AM ET

Company Participants

Anders Trapp - VP, Investor Relations

Mikael Bratt - President and CEO

Fredrik Westin - Executive Vice President, Chief Financial Officer

Conference Call Participants

Mattias Holmberg - DNB

Colin Langan - Wells Fargo

Chris McNally - Evercore

Joseph Spak - RBC Capital Markets

Agnieszka Vilela - Nordea

Philipp Konig - Goldman Sachs

Emmanuel Rosner - Deutsche Bank

Rod Lache - Wolfe Research

Hampus Engellau - Handelsbanken

Vijay Rakesh - Mizuho Securities

Operator

Welcome to the Q3 2022 Autoliv, Inc. Earnings Group Conference Call. Throughout the call, all participants will be in listen-only mode. And afterwards, there will be a question-and-answer session.

Today, I am pleased to present Anders Trapp, VP of Investor Relations; Mikael Bratt, CEO; and Fredrik Westin, Group CFO.

I’ll now hand the floor to our speakers’. Please begin your meeting.

Anders Trapp

Thank you, Mark. Welcome everyone to our third quarter 2022 earnings call. On this call, we have our President and CEO, Mikael Bratt; and our Chief Financial Officer, Fredrik Westin; and I am Anders Trapp, VP, IR.

During today's earnings call Mikael and Fredrik will among other things provide an overview of the strong sales and margin recovery in the third quarter, given update on the price negotiations, outline the expected sequential margin improvement in Q4, as well as provide an update on our general business and market conditions. We will then remain available to respond to your questions and as usual, the slides are available on autoliv.com.

Turning to the next slide. We have the Safe Harbor Statement, which is an integrated part of this presentation and includes the Q&A that follows. During this presentation, we will reference some non-U.S. GAAP measures. The reconciliation of historical U.S. GAAP to non-U.S. GAAP measures are disclosed in our quarterly press release available at aitoliv.com and in the 10-Q that will be filed with the SEC.

Lastly, I should mention that this call is intended to conclude at 03:00 PM Central European Time. So, please follow a limit of two questions per person.

I now hand over to our CEO, Mikael Bratt.

Mikael Bratt

Thank you, Anders. Looking on the next slide, I'd like to recognize the entire team for delivering a strong quarter, which I believe reflects our strong execution culture. As the market leader, we are building resilience and strength in the turbulent times. Our actions initiated earlier in the year are creating both short-term and long-term improvements and enable us to build an even more competitive position, despite the challenging micro environment.