At the financial conference on February 19, 2021, Magna presented the figures for the most recent quarter, which ended on December 31, 2020.
Compared to the same period of the previous year, Magna achieved a sales increase of 7.25 percent in the past quarter. Sales were $ 13.33 billion. For the quarter last year, the books were $ 12.42 billion.
Analysts had forecast earnings per share of CAD 2.60 and sales of CAD 13.07 billion for the quarter.
Earnings per share of CAD 4.98 for the full year were presented. In the previous year, 8.00 CAD per share had been on the books.
With sales of 41.16 billion CAD, compared to 52.14 billion CAD in the previous year, a sales decline of 21.06 percent was presented.
The experts had estimated the turnover at 41.39 billion CAD.