Operator
Hello, and welcome to the Veoneer Q2 Report 2021 Call. [Operator Instructions] Today, I m pleased to present Thomas Jonsson. Please go ahead with your meeting.
Thomas Jonsson
Executive Vice President, Communications & Investor Relations
Thank you very much, Ness, and welcome everyone to our second quarter 2021 earnings conference call and webcast presentation. Here in Stockholm, we have our Chairman, President and CEO, Jan Carlson; our Chief Financial Officer, Ray Pekar; and myself, Thomas Jonsson, Communications and IR.
During the call today, Jan will comment on our current business highlights, as well as provide an update on our launches and technology and Ray will then walk you through our financial results and provide some commentary on our 2021 outlook. After that we will remain on the line for a Q&A session. And, as usual, slides and earnings release are available through a link on the homepage of our corporate website.
Veoneer: Financial Report October - December 2020
Financial Summary - Q4 20
Net Sales $455 million, Organic Sales
1 increase 17%
Operating cash flow $(77) million, $27 million improvement YoY
Cash balance $758 million
Active Safety Organic Sales
Currency translation impact is expected to be ~5%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights and Mid-Term Targets Update
Organic Sales out-performed the global LVP by ~15pp for the fourth quarter and ~1pp for the full year 2020
Veoneer and Qualcomm Technologies Inc. finalized an agreement in January 2021 where the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions
Veoneer signs agreement with Qualcomm and creates new software brand ArriverTM
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STOCKHOLM, Jan. 26, 2021 /PRNewswire/
The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), and Qualcomm Technologies, Inc. have signed an agreement under which the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions. The parties intended collaboration was first communicated on August 27, 2020.
The platform will address the growing needs of the automotive ecosystem for scalable and upgradable solutions, which requires highly advanced and power-efficient compute, connectivity and cloud service capabilities across all vehicle tiers.
STOCKHOLM, Jan. 7, 2021 /PRNewswire/ The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB) estimates its current total order book value for full year 2020 to be approximately