Magna raises sales outlook for 2012

Magna raises sales outlook for 2012
Magna raises sales outlook for 2012
Magna raises sales outlook for 2012

Canada’s Magna International Inc., one of the world’s biggest auto parts manufacturers, is raising sales predictions by as much as eight per cent in 2012 as it looks to new markets for growth.

For full year 2012, Aurora, Ont.-based Magna – which reports in U.S. dollars – expects total sales to be between $27.8 billion and $29.3 billion, according to a company statement. The outlook is above a forecast range of $25.6 billion to $27.1 billion made previously for fiscal 2011.

Magna said it expects 2012 production sales to range between $23.6 billion and $24.7 billion.

The company also said it expects 2012 operating margins to be about five per cent. Magna had earlier lowered its 2011 operating margin outlook to about 4.75 per cent.

In North America, the company expects production sales to rise to $13.2 billion-$13.7 billion, compared with $12.7 billion-$13.2 billion last year.

In Europe, it expects sales to rise to between $8.4 billion and $8.7 billion, compared with $7.8 billion to $8.1 billion last year, and between $2.0 billion and $2.3 billion in the rest of the world.

The company sees total production sales over a two-year period from 2012 to 2014 to be about $3.2 billion, the statement said.

“We are taking advantage of the growth opportunities in new markets and positioning Magna to further serve our customers on global platforms,” said Magna CEO Don Walker. “The combination of our strong position in North America, action plans that are improving results in Europe, and our considerable growth in other regions leaves us confident about Magna’s future.”

 

Source : www.canplastics.com

11 comments

576768 675606Thanks for some other excellent post. Where else could just anyone get that type of information in such an ideal indicates of writing? Ive a presentation next week, and Im at the search for such info. 114750

700667 787131There couple of fascinating points at some point in this posting but I dont determine if these folks center to heart. There is some validity but Let me take hold opinion until I check into it further. Wonderful write-up , thanks and then we want a lot more! Combined with FeedBurner in addition 129106

522748 236153I discovered your weblog site on google and examine a number of of your early posts. Continue to sustain up the superb operate. I simply extra up your RSS feed to my MSN News Reader. In search of forward to reading more from you later on! 633441

obviously like your website but you need to check the spelling on several of your posts.
Several of them are rife with spelling issues and I to find it very bothersome
to tell the reality nevertheless I’ll definitely
come back again.

We stumbled over here from a different web address and thought I might check things
out. I like what I see so i am just following you.
Look forward to looking at your web page for a second time.

Leave a Reply