Autoliv supplies either a mono, or stereo vision camera for Daimlers updated S-Class. This is the first time it has supplied road surface detection functionality through its stereo vision camera. The cameras use in-house developed software algorithms and can detect and classify objects like pedestrians, cars and trucks, lights from on-coming traffic, lane markings, traffic signs and road edges

Autoliv supplies either a mono, or stereo vision camera for Daimler's updated S-Class. This is the first time it has supplied road surface detection functionality through its stereo vision camera. The cameras use in-house developed software algorithms and can detect and classify objects like pedestrians, cars and trucks, lights from on-coming traffic, lane markings, traffic signs and road edges

Autoliv reported record consolidated sales of US$2,608m, a growth of 4.4%, for the quarter ended 31 March 2017.

Operating margin was 8.3% and adjusted operating margin 8.4%.

The supplier had, at the beginning of the quarter, expected quarterly sales to increase by "more than 3%"" and an adjusted operating margin of "around 8%". 

For the second quarter, it expects sales to rise by around 2% for an adjusted operating margin of around 8.5%. The full year forecast remains unchanged with sales growth of around 4% and an adjusted operating margin of around 8.5%.

"The first quarter developed slightly better than expected, with organic sales growth and adjusted operating margin both exceeding our expectations from the beginning of the quarter."

Jan Carlson, Autoliv's chairman, president and CEO, said in a statement: "The first quarter developed slightly better than expected, with organic sales growth and adjusted operating margin both exceeding our expectations from the beginning of the quarter."

He added: "In Passive Safety, I am pleased that our share of order intake continued at a high level, further strengthening our future market share and growth expectations. The passive safety industry situation is unchanged from last year and we continue to focus on flawless execution on our high order intake. We continue our engineering efforts but are gradually shifting to a production focus as we prepare to execute on the historically high order intake. Despite the short term strain on the organisation in preparing for these deliveries, Passive Safety reached double digit operating margin in the quarter. 

"In Electronics, we won active safety orders with three OEMs in the quarter, taking the order total for the past 12 months to eight orders with five different OEMs. I am also pleased to say that Autoliv is the main supplier of active safety products to the new Mercedes S-class and that the European premium OEM order win we announced in February is with Volvo Cars. This order means that Autoliv will supply active safety products, including radar and vision algorithms.

"We have now recruited 982 of the 1,000 engineers we said we intended to recruit between July 2016 and June 2017. About half are in Passive Safety and half in Electronics. 

In April, Autoliv announced the start of operations for Zenuity, its joint venture with Volvo Cars and a platform for developing software for autonomous driving and driver assistance.

We already see considerable interest from several OEMs. The Zenuity initiative is part of the journey towards autonomous driving, which requires the fusion of a multitude of technologies and competences, which in turn requires a multitude of co-operations, alliances and other partnerships. 

Light vehicle production grew by almost 6% in the quarter, with growth in all regions. However, we currently see some uncertainties relating to light vehicle production growth, including high inventory levels and slower sales momentum, especially in North America and China. We continue to monitor the situation closely and are prepared to take necessary actions. 

With quality as our first priority, we continue to execute on our growth and margin opportunities while staying focused on saving more lives and creating value for our stakeholders." 

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