MAGNA INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 28, 2024
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Contents
EX-3 · SEGMENT ANALYSIS
SEGMENT ANALYSIS
We are a global automotive supplier that has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. We also have electronic and software capabilities across many of these areas.
Our reporting segments are: Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles.
| Sales | Adjusted EBIT | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | Change | 2023 | 2022 | Change | |
| Body Exteriors & Structures | $17,511 | $16,004 | $1,507 | $1,304 | $852 | $452 |
| Power & Vision | 14,305 | 11,861 | 2,444 | 668 | 502 | 166 |
| Seating Systems | 6,047 | 5,269 | 778 | 218 | 104 | 114 |
| Complete Vehicles | 5,538 | 5,221 | 317 | 124 | 235 | (111) |
| Corporate and Other | (604) | (515) | (89) | (76) | 15 | (91) |
| Total reportable segments | $42,797 | $37,840 | $4,957 | $2,238 | $1,708 | $530 |
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