{"id":10847,"date":"2019-01-15T11:20:50","date_gmt":"2019-01-15T10:20:50","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=10847"},"modified":"2019-01-15T11:22:26","modified_gmt":"2019-01-15T10:22:26","slug":"10847","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=10847","title":{"rendered":"Magna Announces Outlook"},"content":{"rendered":"<ul type=\"disc\">\n<li>Sales growth and increased EBIT Margin over outlook period<\/li>\n<li>Higher free cash flow in 2019-2021 period, compared to 2018-2020<\/li>\n<\/ul>\n<p align=\"justify\">Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2019 and 2021.<\/p>\n<p align=\"justify\">Our outlook to 2021 anticipates continued growth in total sales and improvement in our EBIT Margin compared to 2018 despite our expectation of relatively level light vehicle production across our major end markets of North America and Europe during this same outlook period. Free cash flow is expected to increase to a cumulative total of more than $6.5 billion in the 2019-2021 timeframe as compared to over $6 billion in the 2018-2020 period, reflecting an anticipated increase in earnings and relatively level capital spending.<\/p>\n<p align=\"justify\">For 2019, our sales are expected to be negatively impacted by the announced disposition of our Fluid Pressure &amp; Controls business, net of acquisitions, and by foreign currency translation, reflecting the stronger U.S. dollar.\u00a0 Excluding these items, our total sales are expected to increase in 2019, compared to 2018.\u00a0 Our North American business reflects the negative impact of the recently announced General Motors assembly plant actions.\u00a0 Our outlook anticipates a slight decline in our EBIT Margin in 2019 reflecting, among other factors, higher commodity costs, increased spending for electrification and autonomy, a decline in equity income, and a higher proportion of lower margin Complete Vehicle sales.<\/p>\n<p align=\"justify\">OUTLOOK<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_left_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin\"><strong>2019<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_border_top_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin\">2021<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Light Vehicle Production (Units)<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i30 hugin\">North America<br \/>\nEurope<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>17.0 million<\/strong><br \/>\n<strong>22.3 million<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\">17.0 million<br \/>\n22.9 million<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Segment Sales<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i30 hugin\">Body Exteriors &amp; Structures<br \/>\nPower &amp; Vision<br \/>\nSeating Systems<br \/>\nComplete Vehicles<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>$16.8 &#8211; $17.6 billion<\/strong><br \/>\n<strong>$11.2 &#8211; $11.8 billion<\/strong><br \/>\n<strong>$5.8 &#8211; $6.2 billion<\/strong><br \/>\n<strong>$6.9 &#8211; $7.3 billion<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\">$17.8 &#8211; $18.8 billion<br \/>\n$11.8 &#8211; $12.6 billion<br \/>\n$6.3 &#8211; $6.8 billion<br \/>\n$7.0 &#8211; $7.7 billion<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Total Sales<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>$40.2 &#8211; $42.4 billion<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\">$42.4 &#8211; $45.4 billion<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">EBIT Margin<sup>3<\/sup><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>7.3% &#8211; 7.6%<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\">8.1% &#8211; 8.5%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Equity income (included in EBIT)<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>$195 &#8211; $240 million<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\">$290 &#8211; $345 million<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Interest Expense<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>Approximately $100 million\u00a0 <\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Tax Rate<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>Approximately 24%<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Net income attributable to Magna<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>$2.1 &#8211; $2.3 billion<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_vertical_align_bottom hugin\">Capital Spending<\/td>\n<td class=\"gnw_align_center gnw_vertical_align_bottom hugin\"><strong>Approximately $1.7 billion<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_border_left_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin\"><strong>\u00a0<\/strong><\/td>\n<td class=\"gnw_label_i30 gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<td class=\"gnw_label_i15 gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">In this outlook we have assumed no material unannounced acquisitions or divestitures or other significant transactions.\u00a0 The outlook reflects the divestiture of our Fluid Pressure &amp; Controls business, which is expected to occur at the end of the first quarter of 2019.\u00a0 However, the outlook above does not include any estimated gain or loss on the sale.\u00a0 In addition, we have assumed that foreign exchange rates for the most common currencies in which we conduct business relative to our U.S. dollar reporting currency will approximate year end 2018 rates.<\/p>\n<p align=\"justify\">Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.\u00a0 To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of on-going operations in any future period. The magnitude of these items, however, may be significant.<\/p>\n<p align=\"justify\">We will be making a presentation at the Wolfe Research Global Auto Industry Conference on Tuesday, January 15, 2019 at 3:40 p.m. EST during which we will review the details of our outlook.\u00a0 The presentation will be webcast and available on our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y4Oyc6wHnRsSTbcDVou93S4zYj8ZhR-987r4D8BqTHOxdx3gXgzL3xmHVL_euYBBmz4X4cRZ8eRpDbLaTEYcBw==\" target=\"_blank\" rel=\"nofollow noopener\">www.magna.com<\/a>.\u00a0 The slides accompanying the presentation will be available on our website Tuesday morning.<\/p>\n<p align=\"justify\">Quelle: MAGNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Magna International announced its financial outlook for 2019 and 2021. Our outlook to 2021 anticipates continued growth in total sales&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-10847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/10847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10847"}],"version-history":[{"count":3,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/10847\/revisions"}],"predecessor-version":[{"id":10850,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/10847\/revisions\/10850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/9866"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10847"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=10847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}