Veoneer says 2019 order intake lower than expected

Veoneer says 2019 order intake lower than expectedSwedish auto technology group Veoneer said on Friday its order intake in 2019 was weaker than expected, blaming a timing delay in bookings for a surprisingly slow end to the year. On Friday, it estimated the lifetime value of its new order intake last year at around $2.5 billion, while its total order book was seen worth around $19 billion. Veoneer said the full-year order intake corresponded to an average annual new order intake of around $550 million, compared to $1 billion by the end of September.

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