| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
112 |
| Employees |
7,500 |
| Revenues (TTM) (Millions $) |
1,657 |
| Net Income (TTM) (Millions $) |
-385 |
| Cash Flow (TTM) (Millions $) |
-334 |
| Capital Exp. (TTM) (Millions $) |
61 |
Business Description
Veoneer Inc is a leading manufacturer of automotive safety components and systems. The company was founded in 2018 as a spin-off from Autoliv, another automotive safety component manufacturer. Veoneer's mission is to create an accident-free future for drivers and their passengers.
Veoneer's product portfolio includes a range of advanced driver assistance systems (ADAS) and autonomous driving solutions. These include sensors, cameras, radar systems, and software for use in vehicles from Level 2 to Level 5 autonomy. In addition, the company produces components such as airbags, seat belts, steering wheels, and active safety systems.
Veoneer is a globally operating company. Its headquarter is located in Stockholm, Sweden, and it operates in 27 countries. The company serves a range of customers, including global vehicle manufacturers and key players within the automotive industry. Key customers of Veoneer include General Motors, Ford, Volvo, BMW, Mercedes-Benz, Honda, and Toyota.
The company has a strong research and development focus, with over 5,000 employees dedicated to developing innovative products and solutions. It has placed a particular emphasis on developing ADAS and autonomous driving technology, which it sees as integral to creating a safer driving experience.
In terms of financial performance, Veoneer has reported consistent growth since its inception. In 2020, the company reported a revenue of $1.8 billion, up from $1.4 billion in 2019. The company's long-term strategy is to continue to invest in research and development, expand its product portfolio, and increase its global market share.
Veoneer has also demonstrated a commitment to sustainability, with its products and technology aimed at reducing accidents and emissions from vehicles. The company has set ambitious sustainability goals, including reducing CO2 emissions per product produced by 25% by 2025 and significantly increasing the share of products that contribute to accident prevention.
Overall, Veoneer Inc is a leading automotive safety system manufacturer with a strong focus on developing innovative ADAS and autonomous driving technology. The company has demonstrated consistent growth, a commitment to sustainability, and a dedication to creating a safer driving experience for all.
Company Address: Klarabergsviadukten 70, Section C6 Stockholm, 0
Company Phone Number: 8 527 762 00 Stock Exchange / Ticker: NYSE VNE
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