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Stock impact report

Veoneer Order Book, New Order Intake and Sales Estimate Update

Veoneer, Inc. (VNE) 
Last veoneer, inc. earnings: 4/27 04:01 pm Check Earnings Report
Company Research Source: PR Newswire
STOCKHOLM, Jan. 3, 2020 /PRNewswire/ -- Veoneer, Inc. (NYSE: VNE)  (SSE: VNE SDB), estimates its current total order book value to be approximately $19 billion, in line with the estimate of more than $19 billion from the end of 2018, pointing to strong sales growth ahead. Lifetime value of the new order intake for the full year 2019 is estimated at approximately $2.5 billion, corresponding to an average annual new order intake value of around $550 million, of which around 70% is for Active Safety orders. The lower than expected figure is mainly due to delayed timing of orders, first indicated in Veoneer's earnings release for the third quarter 2019.The total order book value of approximately $19 billion is in line with the estimate from the end of 2018, despite an average decline in the expectations for light vehicle production until 2025 of approximately 9%, compared to the expectations from one year ago. Similar to last year around 80% of the order book is for the Electronics busine Show less Read more
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