Veoneer (VNE) PT Raised to $37 at Deutsche Bank
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Veoneer (VNE) Reports Q3 Net Sales of $391M
October 26, 2021 6:27 AM EDTVeoneer, Inc. (NYSE: VNE)
Financial Summary - Q3'21
Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP)Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoYActive Safety Net Sales increase 27%, Organic Sales increase 24% YoYOperating cash flow $(120) millionCash balance $420 millionVeoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call.Business Highlights
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