Magna International says its adjusted earnings before interest and taxes margin is expected to be about 4.3% for 2022
The auto parts company says its adjusted earnings before interest and taxes 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.The company had expected sales in the range of US$37.4-billion to US$38.4-billion. Magna is scheduled to report its full financial results for its fourth quarter and full year on Feb. 10.Your Globe
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