[ad_1]
Veoneer, which produces systems for autonomous cars, records a pre-tax loss of $ 152 million for the second quarter of the year. This can be compared to the loss of $ 63 million in the corresponding quarter of last year.
The operating profit of minus 137 million was in line with the average forecast of analysts, according to a compilation of forecasts made by Refinitiv.
Net sales fell to $ 489 million from $ 572 million a year ago.
On the stock market, however, bravo. Veoner's certificates of deposit on the Stockholm Stock Exchange rose by nearly 10%.
The result was better than the company's internal ratings, writes Veoneer in a press release.
Veoneer, which has been eliminated from Autoliv 2018, expects a 5% reduction in vehicle production compared with the previous year.
"Although the market outlook indicates that the second half will be slightly stronger than the first, the recovery is less strong and the uncertainty is greater than we supposed a few months ago," writes the CEO and President, Carl Carlson, in a comment.
"The industry's clear focus on advanced driver support systems is in line with Veoner's product portfolio and is supported by the continued expansion of our customer base," he adds. -he.
[ad_2]
Source link
