Magna updates full-year 2022 outlook

Financial results

According to preliminary results, overall sales for 2022 were around USD37.8 billion, compared to the range of USD37.4 to USDD38.4 billion projected in November

In a press release announcement on 24 January 2023, Magna International said that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated 4 November 2022.

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