Veoneer Inc

Veoneer is the world’s largest pure-play company focused on Safety Electronics, Advanced Driving Assistance Systems (ADAS), Collaborative and Automated Driving (AD). They design, compile and sell state-of-the-art software, hardware and systems for active safety, autonomous driving, occupant protection and brake control. They are around 8,600 people working as a team with cutting-edge technologies — like vision systems, radar, lidar, night vision, electronic controls, and human-machine interface.

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STOCKHOLM, July 23, 2021 /PRNewswire/ -- Financial Summary - Q2'21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash balance $556 million Outlook - FY'21 Organic Sales1 growth YoY is expected to exceed 25% Active Safety Organic Sales1 growth YoY is expected to be in the range of 40-45% Currency translation impact is expected to be ~4% Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end Order intake in 2021 is expected to increase from 2020 Business Highlights Enters into a definitive merger agreement under which Magna International Inc. will acquire Veoneer Organic Sales growth outperformed the global LVP by ~58pp for Q2'21, expect out-performance of mid-teens for full year 2021 Semiconductor supply shortages continue to create industry delivery and cost challenges Significant regional mix improvement in LVP in Q2 from Q1, mainly in North America, Europe and Japan Veoneer's ADAS and AD software unit Arriver performed first in vehicle demonstrations to customers with positive feedback Agreement Baraja to industrialize their LiDAR technology for the next wave of L2+ toL4 autonomous vehicle applications.

Financial Report April - June 2021: Veoneer

Veoneer Inc (NYSE: VNE) is partnering with Sydney-based Baraja to industrialize Spectrum-Scan LiDAR technology for the next market wave of L2+ through L4 autonomous vehicle applications. Under the agreement, Veoneer will develop, market, and integrate a scalable Spectrum-Scan platform from Baraja to serve the automotive market.

Veoneer Partners With Baraja To Comercialize Spectrum-Scan LiDAR Technology

STOCKHOLM, July 19, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) has signed an agreement with pioneering LiDAR company Baraja to industrialize their Spectrum-Scan™ LiDAR technology for the next market wave of L2+ through L4 autonomous vehicle applications. Under the non-exclusive agreement, Veoneer will develop, market and integrate a scalable Spectrum-Scan™ platform from Baraja to serve the automotive market.

Veoneer partners with Baraja to deliver Spectrum-Scan LiDAR for next generation autonomous vehicles

Veoneer, Inc. (VNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Veoneer, Inc. (VNE) to Report a Decline in Earnings: What to Look Out for

STOCKHOLM, May 28, 2021 /PRNewswire/ --  The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), is proud active safety supplier to Subaru Levorg, awarded top results in the Japan NCAP (JNCAP). In Japan NCAP's latest annual safety testing, Subaru Levorg outperformed the 10 vehicles rated with 5 stars and an overall rating above 98%.

Subaru Levorg with Veoneer technologies wins prestigious Best 5-Star Award in Japan NCAP

STOCKHOLM, May 20, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), is proud active safety supplier to Volvo XC40 Recharge, appointed 2021 Top Safety Pick+ by IIHS. IIHS (Insurance Institute for Highway Safety) in the U.S. has successfully tested the Volvo XC40 Recharge and rewarded it 2021 TOP SAFETY PICK+ in the Small SUV class.

Top Safety Pick+ to Volvo XC40 Recharge with Veoneer technologies

Veoneer, Inc. (VNE) CEO Jan Carlson on Q1 2021 Results - Earnings Call Transcript

Veoneer, Inc. (VNE) delivered earnings and revenue surprises of -8.14% and 2.37%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Veoneer, Inc. (VNE) Reports Q1 Loss, Tops Revenue Estimates

STOCKHOLM, April 28, 2021 /PRNewswire/ --  Financial results in-line with internal expectations despite supply chain challenges            Net Sales $419 million, Organic Sales1  increase 17%            Active Safety Net Sales increase 27%, Organic Sales increase 18%            Operating cash flow $(110) million.            Cash balance $645 million Outlook - FY'21 (unchanged from Q4, 2020 report)            Organic Sales1 growth YoY is expected to exceed 25%            Active Safety Organic Sales1 growth YoY is expected to be ~45%            Currency translation impact is expected to be ~3%            Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end            Order intake in 2021 is expected to increase from 2020 Business  Highlights                    Organic Sales outperformed the global LVP by ~4pp for Q1'21, expect outperformance of mid-teens for full year 2021            Semiconductor supply shortages creates industry delivery and cost challenges            Significant regional mix shifts in Light Vehicle Production during the quarter weaker North America and Europe, stronger China            Veoneer's ADAS and AD software unit Arriver is on-track with first functions running on Qualcomm Snapdragon platform            Polestar 2, featuring Veoneer's Active Safety system achieved highest rating of all vehicles in Euro NCAP's safety test            Important new Active Safety system business award in China, including fourth generation vision, perception software and radar            Order intake over the Last Twelve Months (LTM) was ~$400 million of average annual sales at the end of Q1'21 Comments from Jan Carlson, Chairman, President and CEO Veoneer executed well in the quarter.

Veoneer : Financial Report January - March 2021

STOCKHOLM, April 22, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) , emotion3D, a leading pioneer in camera-based in-cabin monitoring software solutions, and AVL, a global leader in automotive development, testing and simulation, today announced their collaboration to develop the world's first personalized and situation-aware restraint control technology system.   Current passive safety systems, such as airbags follow a "few-sizes-fit-all" development approach and thus perform best for a small number of specified body physiques – the most common one is the "average male": 175 cm, 78 kg.

Veoneer, emotion3D and AVL develop personalized restraint control technology - a new level of automotive safety

STOCKHOLM, April 20, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB) and insurance company Swiss Re are pooling their knowledge and vast experience on road safety technologies to further enhance the evaluation and development of advanced driver-assistance technologies (ADAS) and related services. Yearly, almost 1.4 million lives are lost, and 50 million people are injured on roads globally.

Veoneer and Swiss Re enter partnership to further improve assessment and enhance development of ADAS technology

STOCKHOLM, April 19, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), is proud supplier of critical building blocks in the Mercedes EQS, the electric sedan equipped to offer hands-off self-driving tech. Mercedes EQS Drive Pilot system is an example of collaborative driving; the car can take control under certain conditions, but the driver needs to be ready to retake the wheel when needed.

Veoneer radar and stereovision in Mercedes EQS hands-off self-driving tech

STOCKHOLM, March 15, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), is proud supplier of the active safety technology to Polestar 2, outperforming other vehicles in Euro NCAP's safety test. During 2020 and 2021, Euro NCAP has performed safety tests on 13 vehicles.

Top Euro NCAP results for Polestar 2 with Veoneer technologies

STOCKHOLM, Feb. 19, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has filed its 2020 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2020 Annual Report on Form 10-K is available at the SEC Edgar...

Veoneer publishes 2020 Annual Report on Form 10-K

Veoneer's (VNE) CEO Jan Carlson on Q4 2020 Results - Earnings Call Transcript

Veoneer, Inc. (VNE) delivered earnings and revenue surprises of 1.20% and 14.23%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Veoneer, Inc. (VNE) Reports Q4 Loss, Tops Revenue Estimates

Shares of Veoneer (NYSE:VNE) rose 6.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 5.75% year over year to ($0.82), which beat the estimate of ($0.86).

Veoneer: Q4 Earnings Insights

STOCKHOLM, Feb. 3, 2021 /PRNewswire/ -- Financial Summary - Q4'20 Financial performance better than expectations Net Sales $455 million, Organic Sales1 increase 17% Active Safety Net Sales increase 38%, Organic Sales increase 31% Operating cash flow $(77) million, $27 million improvement...

Veoneer: Financial Report October - December 2020

QUALCOMM

STOCKHOLM, Jan. 26, 2021 /PRNewswire/ -- The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), and Qualcomm Technologies, Inc. have signed an agreement under which the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems...

Veoneer signs agreement with Qualcomm and creates new software brand ArriverTM

STOCKHOLM, Jan. 7, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB) estimates its current total order book value for full year 2020 to be approximately $14 billion. During 2020, Veoneer divested its brake control business with an...

Veoneer estimates full year 2020 total order book and new order intake

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Velodyne Lidar

The global market for LIDAR is expected to witness a CAGR of 22.5% over the 2021-2028 time frame. VLDR, LAZR, ON and VNE are poised to capitalise on AV-driven LIDAR technology.

4 LIDAR Stocks to Benefit From Self-Driving Car Revolution

STOCKHOLM, Dec. 22, 2020 /PRNewswire/ -- Giuseppe Rosso, VP Engineering Advanced Assisted Driving Systems at the automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), has been appointed Chairman of the Autonomous Vehicle Computing Consortium (AVCC). AVCC is a global...

Giuseppe Rosso, Veoneer, Appointed New Chairman of Autonomous Vehicle Computing Consortium

STOCKHOLM, Dec. 17, 2020 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), today announced that the Company's Chief Technology Officer, Nishant Batra, has decided to leave the Company to pursue a new career opportunity. Mr. Batra joined Veoneer...

Veoneer's Chief Technology Officer will leave the Company to pursue new career opportunity

STOCKHOLM, Dec. 14, 2020 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), has commenced production of its 4th generation thermal sensing system, called Night Vision. Debuting on the 2021 Cadillac Escalade, the Night Vision system enhances...

Veoneer Starts Production of World's Most Advanced Automotive Thermal Sensing System on the All-New 2021 Cadillac Escalade

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