The auto parts company says its adjusted earnings before interest and taxes (EBIT) margin is expected to be about 4.3 per cent for 2022.
The ratio of adjusted EBIT to total sales is below the range of 4.8 to 5.0 per cent expected in its November outlook for the year.
Based on the preliminary results, Magna says total sales for 2022 were about
The company had expected sales in the range of
Magna is scheduled to report its full financial results for its fourth quarter and full year on
This report by The Canadian Press was first published
Companies in this story: (TSX:MG)
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