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MarketScreener Homepage  >  Equities  >  Nyse  >  Veoneer, Inc.    VNE

VEONEER, INC.

(VNE)
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Veoneer : Honored by FCA as 2019 Supplier of the Year

10/26/2020 | 08:26am EST

Stockholm, Sweden, October 26, 2020 - The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), was named FCA Electrical Supplier of the Year during the virtual 2020 North America Annual Supplier Conference and Awards program held on October 23, 2020. The FCA Supplier of the Year awards recognize companies that have shown exceptional commitment to FCA, providing innovative and quality products and services.

"We are honored to be recognized by FCA North America as the 2019 FCA Electrical Supplier of the Year award," said says Jan Carlson, Veoneer's Chairman, President and CEO. "We value our partnership with FCA and look forward to our continued collaboration producing some of the most innovative cars on the road while bringing new levels safest and convenience to drivers and occupants across the globe." 

During the program, FCA recognized 31 supplier partners across a total of 19 categories.

"The transformational changes we made in 2019 built a strong foundation for the wave of product launches coming out of FCA, and today we spotlighted those suppliers who took their work to the next level," said Martin Horneck, Head of Purchasing and Supply Chain Management, FCA - North America. "These are the `best of the best' in our industry and they will continue playing a leading role in our collective success."

Award recipients were determined based on an evaluation of each company's 2019 supplier scorecard performance - a rating system that evaluates supplier performance in quality, delivery, cost and warranty - and input from FCA senior leadership.

For more information please contact:
Thomas Jönsson, EVP Communications & IR, tel +46 (0)8 527 762 27
Ray Pekar, VP Investor Relations, tel +1 (248) 794-4537

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,400 employees in 12 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).
 

https://news.cision.com/veoneer/r/veoneer-honored-by-fca-as-2019-supplier-of-the-year,c3225567

https://mb.cision.com/Main/17380/3225567/1326098.pdf

https://news.cision.com/veoneer/i/fca-north-america-supplier-of-the-year-trophy,c2843356

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials (USD)
Sales 2020 1 310 M - -
Net income 2020 -534 M - -
Net cash 2020 551 M - -
P/E ratio 2020 -4,33x
Yield 2020 0,04%
Capitalization 2 021 M 2 021 M -
EV / Sales 2020 1,12x
EV / Sales 2021 1,06x
Nbr of Employees 6 175
Free-Float 99,6%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 16,21 $
Last Close Price 19,64 $
Spread / Highest target 27,3%
Spread / Average Target -17,5%
Spread / Lowest Target -69,5%
EPS Revisions
Managers
NameTitle
Jan Carlson Chairman, President & Chief Executive Officer
Steven Rodé Executive Vice President-Operations
Mats Backman Chief Financial Officer & Executive VP-Finance
Nishant Batra Chief Technology Officer & Executive VP
Robert W. Alspaugh Independent Director
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