Magna International Sees FY 2013 Revenues of $31.3B to $32.7B

Magna International MGA today announced its financial outlook for 2013.  All amounts are in U.S. dollars. Don Walker, Magna's Chief Executive Officer commented: "Our outlook reflects the progress we are making in expanding Magna's business outside of our traditional markets.  Our growing footprint in high growth markets, combined with our strong positions in North America and Europe, further enhances our ability to support our customers on global platforms.  In Europe, our recent focus has been on improving operations and bottom-line results.  We have made progress and continue to implement restructuring actions that we believe should contribute over time to further improvement in our future European financial results." 2013 OUTLOOK           Light Vehicle Production (Units)           North America Western Europe   15.3 million 12.0 million      Production Sales           North America Europe Rest of World   $15.3 billion - $15.7 billion $9.0 billion - $9.3 billion $2.2 billion - $2.5 billion       Total Production Sales   $26.5 billion - $27.5 billion               Complete Vehicle Assembly Sales   $2.5 billion - $2.8 billion               Total Sales   $31.3 billion - $32.7 billion               Operating Margin*✝   Mid 5% range               Tax Rate*   Approximately 24.5%               Capital Spending   Approximately $1.4 billion               * Excluding other expense/income, net (unusual items) ✝Excluding $158 million amortization of intangibles related to acquisition of E-Car In addition to our 2013 sales outlook above, we expect an increase in total production sales over the See full press release