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Magna International ( (TSE:MG) ) just unveiled an update.
Magna International reported a 2% increase in sales for the fourth quarter of 2024, aligning with global light vehicle production and generating $1.9 billion in cash from operating activities. The company plans to continue its trajectory of margin expansion and cash flow generation into 2025, despite the challenges of foreign currency impacts and lower vehicle production. Magna forecasts sales for 2025 to be between $38.6 billion and $40.2 billion, with an adjusted EBIT margin of 5.3% to 5.8%. Looking ahead to 2026, Magna anticipates sales growth and an expanded EBIT margin, reflecting its strategic focus on operational efficiency and financial resilience.
More about Magna International
Magna International Inc. is a global automotive supplier headquartered in Aurora, Ontario. The company is known for its comprehensive range of automotive products, including body exteriors, powertrains, and complete vehicle engineering and assembly. Magna is focused on innovative automotive technologies and operates in a competitive market, aiming to enhance its market presence through operational excellence and strategic investments.
YTD Price Performance: -3.83%
Average Trading Volume: 1,562,061
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.39B
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