Magna Unveils 2030 Financial Targets at Investor Day
Key Highlights
- ➤Adjusted EPS targeted to grow at least 15% annually through 2030
- ➤Adjusted EBIT margin targeted to improve 200+ basis points by 2030
- ➤Organic sales targeted to grow 2-4% above market annually through 2030
- ➤Free cash flow conversion targeted at least 85% during 2027-2030
- ➤Magna intends to repurchase almost 26 million shares over 12 months
Expert Statements
Swamy Kotagiri, Chief Executive Officer at Magna
“These targets reflect our confidence in Magna's strategy, our capabilities and the opportunities that lie ahead”
Swamy Kotagiri, Chief Executive Officer at Magna
“Against a modest growth environment, we believe we have a clear path to grow above market, continue expanding margins and create long-term value for our shareholders.”
AURORA, Ontario, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) is holding an Investor Day this morning in New York City, where it will showcase The Power of Magna. The presentation materials include new and compelling mid-term financial targets covering the period through 2030. The targets reflect Magna's strategy to grow above market, execute with excellence and deploy capital with discipline.
Financial Targets: * Organic sales growth: 2-4% above market on a compound annual basis through 2030 * Adjusted EBIT margin: 200+ basis points of margin improvement from 2026 through 2030 * Adjusted EPS: Compound annual growth of at least 15% through 2030 * Free cash flow (FCF): Average FCF conversion on adjusted net income of at least 85% over the 2027-2030 period * Adjusted ROIC: Greater than 15% by 2030 Magna has solid visibility into its growth, with more than 90% of expected 2028 sales and more than 60% of expected 2030 sales supported by existing business and awarded programs. The company recently renewed its normal course issuer bid (NCIB) and intends to fully complete the repurchase of almost 26 million shares over the next 12 months.
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