Magna estimates lower 2020 sales
Posted On January 20, 2020
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The company says it expects total sales between $38 billion and $40 billion this year. Net income attributable to the company for the year is expected to be between $1.8 billion and $2 billion.
CFO Vince Galifi said in a conference call that foreign exchange rates will cost the company $700 million in 2020.