Elias Cohen's questions to Autoliv Inc (ALV) leadership • Q3 2024
Question
Elias Cohen asked about profitability in China, questioned why call-off volatility would normalize given the structural rise of Chinese OEMs, and inquired about their impact on working capital.
Answer
CEO Mikael Bratt declined to comment on regional profitability. He clarified that call-off volatility is due to supply chain disruptions, not the behavior of Chinese OEMs, who also value stability. CFO Fredrik Westin noted that while Chinese OEMs may have longer payment terms, this is managed with Autoliv's supply base to mitigate the net impact on working capital.