Menu

Veoneer’s Q3 net loss almost doubles y/y to USD133 million

News
Financial results

Swedish supplier expects its full-year organic sales to decline in ‘low double digits’

Veoneer’s net loss almost doubled year-over-year (y/y) to USD133 million in the third quarter ended 30 September 2019, the company said in a press release on 23 October. The company also recorded operating loss of USD122 million, more than double over USD58 million a year earlier. Veoneer reported higher net loss and operating loss mainly due to 12% drop in net sales to USD462 million. The company’s organic sales declined 10% y/y during the third quarter.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload