April 24, 2020 / 9:20 AM / a month ago

Auto tech group Veoneer drops 2020 growth forecast, aims to cut losses

STOCKHOLM, April 24 (Reuters) - Swedish auto technology group Veoneer dropped its forecast for organic sales growth in 2020 due to the coronavirus crisis but said it expected to reduce operating losses and improve cash flow compared with 2019.

Veoneer first-quarter operating loss was $122 million, improving from the $128 million loss in the same quarter a year earlier.

Reporting by Johannes Hellstrom; Editing by Edmund Blair

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below