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Veoneer says returned to organic sales growth in Q4, to accelerate in 2021, Auto News, ET Auto

Veoneer says returned to organic sales growth in Q4, to accelerate in 2021, Auto News, ET Auto

by admin
January 7, 2021
in Technology
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Veoneer says returned to organic sales growth in Q4, to accelerate in 2021STOCKHOLM: Automotive expertise group Veoneer expects to have returned to natural gross sales progress within the fourth quarter of 2020 and sees progress accelerating in 2021, it stated in an announcement on Thursday.

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

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

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

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