Magna International MGA today announced its financial outlook for 2013. All amounts are in
U.S. dollars.
Don Walker, Magna's Chief Executive Officer commented: "Our outlook
reflects the progress we are making in expanding Magna's business
outside of our traditional markets. Our growing footprint in high
growth markets, combined with our strong positions in North America and
Europe, further enhances our ability to support our customers on global
platforms. In Europe, our recent focus has been on improving
operations and bottom-line results. We have made progress and continue
to implement restructuring actions that we believe should contribute
over time to further improvement in our future European financial
results."
2013 OUTLOOK
Light Vehicle Production (Units)
North America
Western Europe
15.3 million
12.0 million
Production Sales
North America
Europe
Rest of World
$15.3 billion - $15.7 billion
$9.0 billion - $9.3 billion
$2.2 billion - $2.5 billion
Total Production Sales
$26.5 billion - $27.5 billion
Complete Vehicle Assembly Sales
$2.5 billion - $2.8 billion
Total Sales
$31.3 billion - $32.7 billion
Operating Margin*✝
Mid 5% range
Tax Rate*
Approximately 24.5%
Capital Spending
Approximately $1.4 billion
* Excluding other expense/income, net (unusual items)
✝Excluding $158 million amortization of intangibles related to
acquisition of E-Car
In addition to our 2013 sales outlook above, we expect an increase in
total production sales over the
See full press release
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