VNE - Veoneer estimates full-year total order book and new order intake

Veoneer (VNE) estimates its current total order book value for the full year 2020 to be ~$14B.The lifetime value of the new order intake for the full year 2020 is estimated to be ~$2.6B, corresponding to an average annual new order intake value of around $530M, of which around 65% is for Active Safety orders. The new order intake value represents an increase of around 10% vs. 2019 new order intake.The company estimates its share of Active Safety orders for 2020 to be around 15%, above its current sales market share. Total Active Safety sourcing for 2020 was reduced by more than 40% compared to the expectations at the beginning of 2020.Veoneer expects to report a return to organic sales growth in Q4 and a return to growth over the market for the 2H20.The company expects organic sales growth to accelerate in 2021.Shares -1.9% premarket.Press Release

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Veoneer estimates full-year total order book and new order intake