Categories: Europe

Veoneer expects development to speed up in 2021

STOCKHOLM — Veoneer expects that it returned to natural gross sales development within the fourth quarter of 2020 and sees development accelerating in 2021, the corporate mentioned in a statement on Thursday.

The Swedish maker of imaginative and prescient methods, radar and software program for superior driver-assistance methods (ADAS) additionally mentioned it estimated the present worth of its order e-book for 2020 at roughly $14 billion.

The corporate mentioned its new order consumption for 2020 corresponded to a median annual worth of round $530 million, of which 65 % is from energetic security merchandise.

Veoneer mentioned it estimated its share of energetic security orders for 2020 to be about 15 %, above its present market share by gross sales.

Veoneer will current its earnings report for the fourth quarter on Feb. 3.

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