Magna sees h2 2020 sales between $17.05 bln-$19.05 bln vs $18.7 bln in 2019 - conf call

Magna president says china and north america production capacity getting close to levels anticipated at beginning of the year for this timeframe.magna president says europe capacity levels a little bit behind china and north america.magna president says, to this point, no major supply base issues impacting co’s operations.magna expects h2 2020 global vehicle production to be down about 11%, compared with a year earlier, with north america production declining about 5% and europe falling 10%.magna sees h2 2020 total sales between $17.05 billion and $19.05 billion versus $18.7 billion in 2019 - conf call.magna sees h2 2020 ebit between $1.05 billion and $1.25 billion versus $1.15 billion in 2019.magna sees h2 2020 free cash flow between $1.3 billion and $1.5 billion versus $1.45 billion in 2019 - conf call.magna says could resume share buyback in 2021 - conf call.
MGA Ratings Summary
MGA Quant Ranking