RE: SEYE2 May 2019 14:23
We wasnt expecting such a big Fund raise but it could be that similar to Veoneer that so much work is coming. Hopefully.
Veoneer was reviewing its targets, CEO Jan Carlson said after the company said it needed fresh capital to meet research and development costs and deliver against a big order book.
Analysts said the only positive in the results was a growth in order intake of about $1.2 billion on average over the last 12 months, in line with the intake reported for 2018, due to continued demand for safety-related car products.
The company, which reported quarterly operating loss of $128 million, said its order book at the beginning of 2019 was more than $19 billion, compared to about $16 billion a year earlier.