STOCKHOLM, July 19, 2024 /PRNewswire/ --  (NYSE: ALV) and (SSE: ALIV.sdb) Financial highlights Q2 2024 Full year 2024 guidance $2,605 million net sales Around 2% organic sales growth 1.1% net sales decrease Around 1% negative FX effect on net sales 0.7% organic sales growth* Around 9.5-10.0% adjusted operating margin 7.9% operating margin Around $1.1 billion operating cash flow 8.5% adjusted operating margin* $1.71 EPS, 178% increase $1.87 adjusted EPS*, 3% decrease All change figures in this release compare to the same period of the previous year except when stated otherwise.   Key business developments in the second quarter of 2024 Second quarter sales increased organically* by 0.7%, which was 1.4pp better than global LVP decline of 0.7% (S&P Global July 2024). We outperformed in Asia excl. China and in Europe, mainly due to product launches and pricing while we underperformed in Americas and in China, mainly due to lower light vehicle production with certain key customers, as a consequence of weaker sales and inventory reductions. In China, the LVP mix was negative as several models with limited Autoliv content grew strongly. Profitability improved despite a slight net sales decline. Sales were lower than expected, which impacted our profitability in the quarter with an operating leverage at the high end of our normal 20%-30% range. Profits improved mainly due to the successful execution of cost reductions and increased pricing. Indirect headcount continued to decrease. Operating income was $206 million and operating margin was 7.9%. Adjusted operating income* improved to $221 million and adjusted operating margin* increased from 8.0% to 8.5%. Return on capital employed was 21.0% and adjusted return on capital employed* was 22.5%. Operating cash flow was strong, at $340 million, albeit slightly below last year as Q2 last year was supported by positive timing effects. Free cash flow* of $194 million was thereby also down somewhat compared to last year. The leverage ratio* improved to 1.2x. In the quarter, a dividend of $0.68 per share was paid, and 1.31 million shares were repurchased and retired. *For non-U.S. GAAP measures see enclosed reconciliation tables. Key Figures (Dollars in millions, except per share data) Q2 2024 Q2 ...