Smart Eye AB (publ) logo

SEYE - Smart Eye AB (publ) News Story

SEK127.2 -1.2  -0.9%

Last Trade - 01/10/20

Sector
Technology
Size
Small Cap
Market Cap £167.9m
Enterprise Value £161.0m
Revenue £4.96m
Position in Universe 667th / 1784

BRIEF-Smart Eye Gets Four Contrats Worth In Total About SEK 500 Mln

Thu 19th March, 2020 7:38am
March 19 (Reuters) - Smart Eye AB (publ)  SEYE.ST :
    * SMART EYE CROWNED BY SUCCESS, ANNOUNCES 24 NEW DESIGN WINS
WITH
FOUR DIFFERENT OEMS IN ONE FELL SWOOP
    * ESTIMATED COMBINED LIFE-TIME VALUE OF FOUR CONTRACTS IS AT
LEAST
500 MSEK
    * CAR PLATFORMS ARE ALL ESTIMATED TO GO INTO PRODUCTION IN
2022
WITH A STRING OF NEW CARS BEING LAUNCHED OVER FOLLOWING YEARS
    * ON CORONAVIRUS: AS A PRECAUTIONARY MEASURE WITH CURRENT
MARKET
VOLATILITY DUE TO CORONA VIRUS, SMART EYE HAS DECIDED TO LOWER
ITS OPERATING COSTS IN ORDER TO CONSERVE CASH
    * COST REDUCTION PROGRAM ENTERS INTO EFFECT IMMEDIATELY

Source text for Eikon:  ID:nWkr3H3kSv 
Further company coverage:  SEYE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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