GlobeNewswire·Nov 11, 2026, 8:50 AM ET

Magna Unveils 2030 Financial Targets at Investor Day

Magna International Inc. held its Investor Day in New York City on November 11, 2026, to present "The Power of Magna" strategy & mid-term financial targets through 2030.
The company aims for organic sales growth of 2-4% above market on a compound annual basis through 2030.
Magna targets an adjusted EBIT margin improvement of 200+ basis points from 2026 through 2030.
Adjusted earnings per share (EPS) are projected to grow at a compound annual rate of at least 15% through 2030.
Free cash flow conversion on adjusted net income is targeted to average at least 85% over the 2027-2030 period.
Adjusted return on invested capital (ROIC) is set to exceed 15% by 2030.
Over 90% of expected 2028 sales & more than 60% of expected 2030 sales are supported by existing business & awarded programs.
Magna renewed its normal course issuer bid & intends to repurchase nearly 26 million shares over the next 12 months.
CEO Swamy Kotagiri stated the targets reflect confidence in the company's strategy to grow above market & create long-term shareholder value.
The 2026 Investor Day began at 9 a.m. ET with a live webcast available at www.magna.com/investorday2026-virtual & materials at www.magna.com/company/investors.
The press release includes detailed forward-looking statements & risk factors related to light vehicle production, sales, margins, share repurchases, macroeconomic conditions, supply chain disruptions, & regulatory changes.