Magna International says it is targeting compounded annual growth of at least 15% for adjusted earnings per share through 2030 alongside a higher adjusted Ebit margin from 2026 to 2030.
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Magna International Inc. says it is targeting compounded annual growth of at least 15 per cent for its adjusted earnings per share through 2030.
In the company’s latest financial targets, it also said it is looking for organic sales growth of two to four per cent above market on a compounded annual basis over the same period. Magna said the targets reflect a strategy to grow faster than the overall automotive market.
Magna said the increase is expected to come from expanding its content per vehicle with existing customers, adding new customers and regions, and growth in markets beyond the automotive sector.
The company also plans to raise profitability by increasing its adjusted earnings before interest and taxes margin by 200 basis points or more from 2026 through 2030.
Magna CEO Swamy Kotagiri said the targets represent the company’s confidence in its strategy, capabilities and the opportunities ahead.
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