Magna International Inc operates within the Motor vehicle parts and accessories sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Magna International Inc with three other
automobile manufacturers in North America:
Honeywell International Incorporated
of the United States
(2017
sales of $40.53 billion
of which 36%
was Aerospace Systems),
Lear Corporation
of the United States
($20.47 billion
of which 78%
was Seating), and
Illinois Tool Works Incorporated
which is
also
based in the United States
($14.31 billion
of which 23%
was Automotive OEM).
Sales Analysis.
During the year ended December of 2017, sales at
Magna International Inc were C$50.44 billion (US$38.09 billion).
This
is
an
increase of 4.7%
versus 2016, when the company's sales were C$48.16 billion.
This was the fifth consecutive year of sales increases at Magna International Inc
(and since 2012, sales have increased a total of 64%).
Sales of Complete Vehicle Assembly saw an increase
that was more than double the company's growth rate: sales were up
31.8% in 2017, from
C$2.89 billion to C$3.81 billion.
Magna International Inc also saw significant increases in sales in
Tooling, Engineering and Other (up 8.2% to C$4.40 billion)
and
Closure Systems (up 8.5% to C$3.46 billion)
.
Not all segments of Magna International Inc experienced an increase in sales in 2017:
sales of Exterior and Interior Systems fell 1.0% to C$6.90 billion.