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Veoneer Inc

VNE.N

Latest Trade

26.32USD

Change

0.51(+1.98%)

Volume

219,077

Today's Range

24.57

 - 

26.44

52 Week Range

5.25

 - 

30.71

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Veoneer Q4 Operating Loss At $77 Million, Above Expectations

Feb 3 (Reuters) - Veoneer Inc <VNE.N>::FINANCIAL REPORT OCTOBER - DECEMBER 2020.Q4 NET SALES $455 MILLION VERSUS $400 MILLION SEEN IN COMPANY CONSENSUS.Q4 OPERATING LOSS $77 MILLION VERSUS LOSS $83 MILLION SEEN IN COMPANY CONSENSUS.2021 OUTLOOK: ORGANIC SALES(1) GROWTH YOY IS EXPECTED TO EXCEED 25%.2021 OUTLOOK: ACTIVE SAFETY ORGANIC SALES(1) GROWTH YOY IS EXPECTED TO BE AROUND 45%.IN Q4 OF 2020 VEONEER SAW ORGANIC GROWTH FOR FIRST TIME, A PIVOTAL MOMENT FOR COMPANY.2021 OUTLOOK: CURRENCY TRANSLATION IMPACT IS EXPECTED TO BE AROUND 5%.2021 OUTLOOK: OPERATING LOSS IS EXPECTED TO IMPROVE IN 2021 FROM 2020, CASH BALANCE IS EXPECTED TO EXCEED $400 MILLION AT 2021 YEAR-END.2021 OUTLOOK: ORDER INTAKE IN 2021 IS EXPECTED TO INCREASE FROM 2020.DURING 2020, WE EXPERIENCED DRAMATIC DECLINES IN VEHICLE PRODUCTION DURING FIRST HALF, AND AN UNPRECEDENTED REBOUND IN SECOND HALF.Q4 OPERATING MARGIN DOWN 17% VERSUS -20.8% SEEN IN COMPANY CONSENSUS.LOOKING BEYOND 2021 TO OUR MID-TERM TARGETS, WE EXPECT VEONEER'S STRONG ORGANIC SALES TO CONTINUE AND NOW EXPECT NET SALES TO BE APPROXIMATELY $2.5 BILLION IN 2023.EXPECTS TO ARRIVE TO A SUSTAINABLE OPERATING PROFIT AND POSITIVE FREE CASH FLOW DURING 2023.EXPECTS ITS ORDER INTAKE IN TERMS OF ANNUAL AVERAGE SALES AND LIFETIME SALES TO INCREASE IN 2021 AS COMPARED TO 2020.

Veoneer Signs Agreement With Qualcomm And Creates New Software Brand Arriver

Jan 26 (Reuters) - Veoneer Inc <VNE.N>::VEONEER SIGNS AGREEMENT WITH QUALCOMM AND CREATES NEW SOFTWARE BRAND ARRIVERTM.PARTIES' INTENDED COLLABORATION WAS FIRST COMMUNICATED ON AUGUST 27, 2020..SAYS ARRIVER(TM) IS 100% OWNED BY VEONEER BUT WILL OPERATE UNDER SPECIFIC INFORMATION HANDLING PROTOCOLS AND REPORTING STRUCTURES AS PART OF ITS COLLABORATION WITH QUALCOMM TECHNOLOGIES.SAYS IN ADDITION TO TODAY'S FINAL AGREEMENT, VEONEER AND QUALCOMM TECHNOLOGIES HAVE PROGRESSED ON ROADMAP FEATURE IMPLEMENTATIONS.SAYS ARRIVER SOFTWARE IS ALREADY FUNCTIONAL ON SNAPDRAGON RIDE PLATFORM, WHICH WILL BE AVAILABLE FOR AUTOMOTIVE CUSTOMERS IN COMING MONTHS.SAYS COLLABORATION BETWEEN COMPANIES HAS BEEN PRESENTED TO A NUMBER OF AUTOMOTIVE OEMS AND TIER-1 AUTOMOTIVE SUPPLIERS WITH VERY POSITIVE FEEDBACK TO INTENDED SPECIFICATIONS AND CAPABILITIES OF PLATFORM.

Veoneer's Chief Technology Officer To Leave Company

Dec 17 (Reuters) - Veoneer Inc <VNE.N>::VEONEER'S CHIEF TECHNOLOGY OFFICER WILL LEAVE THE COMPANY TO PURSUE NEW CAREER OPPORTUNITY.NISHANT BATRA, HAS DECIDED TO LEAVE COMPANY TO PURSUE A NEW CAREER OPPORTUNITY.GIUSEPPE ROSSO, VEONEER'S CURRENT VICE PRESIDENT SYSTEMS & SOFTWARE WILL BE APPOINTED ACTING CHIEF TECHNOLOGY OFFICER OF VEONEER UPON MR. BATRA'S DEPARTURE.

Nokia Appoints Nishant Batra As Chief Strategy And Technology Officer

Dec 17 (Reuters) - Nokia Oyj <NOKIA.HE>::REG-NOKIA APPOINTS NISHANT BATRA AS CHIEF STRATEGY AND TECHNOLOGY OFFICER AND MEMBER OF THE NOKIA GROUP LEADERSHIP TEAM.NISHANT BATRA JOINS NOKIA FROM VEONEER IN SWEDEN, WHERE HE WAS EXECUTIVE VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER.BATRA HELD SEVERAL POSITIONS AT ERICSSON OVER TWELVE YEARS IN SWEDEN, INDIA AND US, MOST RECENTLY AS HEAD OF PRODUCT AREA NETWORKS.

Veoneer CEO says seeing strong demand into Q4, cautiously optimistic

Oct 23 (Reuters) - Veoneer Inc <VNE.N>, VNEsdb.ST CEO Jan Carlson in interview with Reuters::VEONEER CEO SAYS NOT SEEING ANY FURTHER LAUNCH DELAYS, CURRENTLY PROGRESSING ACCORDING TO PLANS.VEONEER CEO SAYS SEEING STRONG DEMAND INTO Q4, PRIMARILY IN CHINA, BUT ALSO IN OTHER PARTS OF THE WORLD.VEONEER CEO SAYS CAUTIOUSLY OPTIMISTIC REGARDING Q4.VEONEER CEO SAYS VERY PLEASED WITH OUTCOME OF INITIAL DISCUSSIONS WITH TIER 1'S AND OEM'S REGARDING QUALCOMM COLLABORATION, SEEING A LARGE INTEREST.VEONEER CEO SAYS SAYS NOT SEEING RECENTLY ANNOUNCED COLLABORATION BETWEEN GEELY AND MOBILEYE AS A THREAT IN THE MARKET VEONEER IS CURRENTLY ADDRESSING.

Veoneer Q3 Operating Loss At $103 Million

Oct 23 (Reuters) - Veoneer Inc <VNE.N>::FINANCIAL REPORT JULY - SEPTEMBER 2020.SAYS NET SALES ARE EXPECTED TO RETURN TO ORGANIC GROWTH DURING Q4'20 AND OUTPERFORM GLOBAL LVP DURING H2'20.Q3 NET SALES OF $371 MILLION DECLINED BY 20% INCLUDING AN ORGANIC SALES DECLINE OF 7%.FOCUS AREAS FIRST OUTLINED AT BEGINNING OF 2020 REMAIN.Q3 ACTIVE SAFETY NET SALES OF $170 MILLION DECLINED BY 5% INCLUDING AN ORGANIC SALES DECLINE OF 9%.Q3 OPERATING LOSS $103 MILLION VERSUS LOSS $122 MILLION YEAR AGO.CASH FLOW WAS PARTICULARLY STRONG IN Q3.CASH FLOW ALLOWS US TO EXPECT A BETTER 2020 FULL YEAR CASH FLOW BEFORE FINANCING THAN PREVIOUSLY EXPECTED.OUTLOOK 2020: SHARP PRODUCTION REBOUND IN Q3'20 IS EXPECTED TO SEQUENTIALLY IMPROVE FURTHER DURING THE FOURTH QUARTER.ON TRACK FOR ADDITIONAL FOURTH QUARTER AND EARLY 2021 LAUNCHES.OUTLOOK 2020: BASED ON CURRENT CUSTOMER CALL-OFFS AND FORECASTS, CO EXPECTS TO RETURN TO ORGANIC SALES GROWTH DURING Q4'20 AND TO OUTPERFORM THE LVP FOR H2'20.OUTLOOK 2020: COMPANY EXPECTS THIS ORGANIC GROWTH TO ACCELERATE INTO FY'21.OUTLOOK 2020: CURRENT OUTLOOK IS FOR CASH FLOW BEFORE FINANCING ACTIVITIES TO BE BETTER THAN $(170) MILLION FOR THE SECOND HALF OF 2020.COMPANY-PROVIDED POLL: VEONEER Q3 SALES SEEN AT $351 MILLION, EBIT LOSS SEEN AT $103 MILLION.OUTLOOK 2020: OPERATING LOSS IS EXPECTED TO IMPROVE FROM 2019 LEVELS (ON A COMPARABLE BASIS).OUTLOOK 2020: RD&E, NET IS EXPECTED TO IMPROVE BY MORE THAN $100 MLN FROM 2019 (ON A COMPARABLE BASIS).

Subaru Selects Veoneer To Manufacture New Generation EyeSight

Oct 1 (Reuters) - Veoneer Inc <VNE.N>::SUBARU SELECTS VEONEER TO MANUFACTURE NEW GENERATION EYESIGHT.SAYS HAS PARTNERED WITH SUBARU TO INTRODUCE NEW GENERATION EYESIGHT ON ALL-NEW SUBARU LEVORG.VEONEER WILL BEGIN PRODUCING SYSTEMS FOR JAPAN MARKET STARTING LATER THIS YEAR..SAYS WILL BEGIN PRODUCING SYSTEMS FOR JAPAN MARKET STARTING LATER THIS YEAR.SAYS THIS BUSINESS IS INCLUDED IN VEONEER'S PREVIOUSLY ANNOUNCED BACKLOG.

Veoneer Supplies Advanced Driver Assistance Technology To Global Premium Automaker

Sept 10 (Reuters) - Veoneer Inc <VNE.N>::VEONEER SUPPLIES ADVANCED DRIVER ASSISTANCE TECHNOLOGY TO GLOBAL PREMIUM AUTOMAKER.WILL EQUIP A WORLD-CLASS PREMIUM AUTOMAKER WITH MOST ADVANCED STEREO VISION CAMERA SYSTEM, PERCEPTION SOFTWARE AND 77 GHZ FRONT AND REAR RADAR SYSTEM AVAILABLE IN MARKET.

Veoneer Signs Collaboration Deal With Qualcomm Technologies

Aug 27 (Reuters) - Veoneer Inc <VNE.N>::VEONEER AND QUALCOMM TO POWER NEXT GENERATION ADAS AND AUTONOMOUS DRIVING SYSTEMS.VEONEER, INC. AND QUALCOMM TECHNOLOGIES, INC., HAVE DECIDED TO COLLABORATE ON DELIVERY OF SCALABLE ADVANCED DRIVER ASSISTANCE SYSTEMS.COMPANIES EXPECT INTEGRATED PLATFORM TO BE AVAILABLE THROUGH AUTOMOTIVE TIER-1 SUPPLIERS OR DIRECTLY TO OEMS FOR 2024 VEHICLE PRODUCTION.NEXT GENERATION SOFTWARE STACK WILL BE DEVELOPED IN A DEDICATED ORGANIZATION WITHIN VEONEER.PARTIES SIGNED NON-BINDING LETTER OF INTENT AND EXPECT TO FINALIZE A DEFINITIVE AGREEMENT DURING SECOND HALF OF 2020.

Veoneer CEO: Seen Delays Of Some Planned Customer Launches Of About One Quarter

July 24 (Reuters) - Veoneer Inc <VNE.N> CEO and Chairman Jan Carlson to Reuters::VEONEER CEO SAYS CAUTIOUSLY OPTIMISTIC ON INDUSTRY ACTIVITY INTO Q3, BUT PICTURE STILL VERY UNCERTAIN.VEONEER CEO SAYS ORDER INTAKE IN QUARTER WAS "OK", VERY MUCH DRIVEN BY ACTIVE SAFETY.VEONEER CEO SAYS HAS SEEN DELAYS OF SOME PLANNED CUSTOMER LAUNCHES OF ABOUT ONE QUARTER.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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