The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) also said it estimated the current value of its order book for 2020 at approximately $14 billion.

The company said its new order intake for 2020 corresponded to an average annual value of around $530 million, of which 65% from active safety products.

Veoneer said it estimated its share of active safety orders for 2020 to be around 15%, above its current market share by sales.

(Reporting by Johannes Hellstrom; Editing by Simon Johnson)