Magna has posted 2013 net income of US$458m with sales of US$34.84bn – an increase of 13% compared to the same period ended December, 2012.
The automotive supplier says the rise reflects increases in North American, European, Asian and Rest of World production sales, as well as higher tooling, engineering and other sales, as well as complete vehicle assembly sales.
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For the year ended 31 December, 2013, vehicle production increased 5% to 16.2m units in North America and decreased 1% to 19.3m units in Europe, each compared to 2012.
Complete vehicle assembly sales increased 20% to US$3.06bn, compared to US$2.56bn, while complete vehicle assembly volumes rose 19% to around 147,000 units.
Adjusted EBIT increased 25% to US$2.07bn compared to US$1.66bn.
Fourth quarter sales rose 14% to US$9.17bn.
