Magna麦格纳国际股票价格下跌15%

多伦多——由于该公司公布的财务业绩低于预期，麦格纳国际公司的股价在周五早盘交易中下跌近 15%。

“2022 年对汽车行业和麦格纳来说又是艰难的一年，”公司首席执行官 Swamy Kotagiri 在与分析师的财报电话会议上表示。

他说，预计去年会消除的供应中断并没有消除，导致汽车生产持续波动，导致麦格纳的运营效率严重低下。

Kotagiri 表示，其汽车制造商客户在最后一刻停产、一些设施的运营表现不佳以及更高的保修费用导致第四季度利润率受到挤压。

“不幸的是，相对于进入本季度的预期，我们以令人失望的第四季度业绩结束了艰难的一年。”

这家以美元记帐的汽车零部件公司表示，截至 12 月 31 日的季度，其盈利为 9500 万美元或每股 33 美分，低于 2021 年最后三个月的 4.64 亿美元或每股摊薄收益 1.54 美元 .

销售额总计 95.7 亿美元，高于上年同期的 91.1 亿美元。

麦格纳表示，在调整后的基础上，它在 2022 年第四季度的每股摊薄收益为 91 美分，低于去年同期调整后的每股摊薄收益 1.30 美元。

根据金融市场数据公司 Refinitiv 编制的估计，分析师平均预期每股盈利 1.02 美元。

该公司第四季度的息税前利润率下降至 3.7%，而在 11 月，该公司将全年的利润率预期下调至 4.8% 至 5% 之间。 较低的利润率导致自由现金流也低于其预期。

这一结果导致该公司股价在多伦多证券交易所早盘交易中下跌 12.85 美元，或 14.8%。

展望未来，麦格纳预计不会快速复苏，因为预计 2023 年的利润率将介于 4.1% 至 5.1% 之间，而 2021 年第四季度为 5.6%。

该公司预计到 2025 年会有更大改善，利润率将在 6.7% 至 7.8% 之间，届时生产波动和其他压力预计将有所缓解。

“我们希望市场稳定下来，”Kotagiri 说。

TORONTO – Shares of Magna International Inc. were down almost 15 per cent in late-morning trading Friday as the company reported financial results that came in below expectations.

“2022 was another difficult year for the automotive industry and for Magna,” said company chief executive Swamy Kotagiri on an earnings call with analysts.

Supply disruptions that were expected to have cleared up last year did not, leading to continued volatility in auto production that made for significant inefficiencies in Magna’s operations, he said.

The combination of last-minute production stops at its automaker customers, operating underperformance at some facilities, and higher warranty expenses contributed to a squeeze in fourth quarter margins, said Kotagiri.

“Unfortunately, we ended a difficult year with disappointing Q4 results relative to our expectations entering the quarter.”

The auto parts company, which keeps its books in U.S. dollars, says it earned US$95 million or 33 cents per share in the quarter ended Dec. 31, down from US$464 million or US$1.54 per diluted share in the last three months of 2021.

Sales totalled US$9.57 billion, up from US$9.11 billion a year earlier.

On an adjusted basis, Magna said it earned 91 cents per diluted share in the fourth quarter of 2022, down from an adjusted profit of US$1.30 per diluted share in the same quarter a year earlier.

Analysts on average had expected a profit of US$1.02 per share, according to estimates compiled by financial markets data firm Refinitiv.

The company’s margin on earnings before interest and taxes declined to 3.7 per cent for the fourth quarter, while in November it had revised down its margin expectations to between 4.8 per cent and five per cent for the year. The lower margins led to free cash flow that was also came in below its outlook.

The results helped push the company’s share price down $12.85, or 14.8 per cent, in mid-morning trading on the Toronto Stock Exchange.

Looking ahead, Magna doesn’t expect a quick recovery as margins for 2023 are expected somewhere in the wide range of between 4.1 per cent and 5.1 per cent, compared with 5.6 per cent in the fourth quarter of 2021.

The company expects greater improvements by 2025, with margins of between 6.7 and 7.8 per cent, when production volatility and other pressures are expected to have eased.

“We are hoping that the market stabilizes,” said Kotagiri.