Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3

Financial results

Canadian supplier updates FY2019 financial outlook

Magna has reported 3.1% year-over-year (y/y) decline in net sale to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of acquisitions, were up by 2% y/y.

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