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OFFON

COMMERCIAL VEHICLE GROUP, INC.

(CVGI)
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Commercial Vehicle : CVG Announces Notice of Intention to Terminate Agreement with Volvo

10/25/2021 | 06:15pm EST

NEW ALBANY, Ohio, Oct. 25, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that they provided notice on October 25, 2021 to the Volvo Group (“Volvo”) of CVG’s intention to terminate its agreement with Volvo, with such termination to become effective twelve months from the date of notice, absent the parties reaching mutually agreeable terms upon which to continue their relationship. CVG is focused on implementing customer price increases where margin on product is not meeting profitability targets.

For further information, please contact IR@CVGRP.com.

About CVG

CVG is a global provider of components, assemblies and systems to the traditional commercial vehicle market, the electric vehicle market, and the warehouse automation market. Information about the Company and its products is available on the internet at www.cvgrp.com.

Investor Contact

Christopher Bohnert, Chief Financial Officer
CVG
IR@CVGRP.com


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Source: Commercial Vehicle Group, Inc.

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on COMMERCIAL VEHICLE GROUP, INC.
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Financials (USD)
Sales 2021 970 M - -
Net income 2021 26,7 M - -
Net Debt 2021 122 M - -
P/E ratio 2021 8,61x
Yield 2021 -
Capitalization 261 M 261 M -
EV / Sales 2021 0,39x
EV / Sales 2022 0,34x
Nbr of Employees 7 200
Free-Float 89,7%
Chart COMMERCIAL VEHICLE GROUP, INC.
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Technical analysis trends COMMERCIAL VEHICLE GROUP, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 7,92 $
Average target price 16,67 $
Spread / Average Target 110%
EPS Revisions
Managers and Directors
Harold C. Bevis President, Chief Executive Officer & Director
Christopher H. Bohnert Chief Financial Officer
Robert C. Griffin Chairman
Aneezal H. Mohamed Secretary, Vice President-Legal & Compliance
Roger L. Fix Independent Director
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