マグナが第1四半期の決算発表

AsiaNet 60420 （0610）

【オーロラ（カナダ・オンタリオ州）2015年5月7日PRN＝共同通信JBN】マグナ・インターナショナル（Magna International Inc.、TSX: MG、NYSE: MGA）は7日、2015年3月31日までの第1四半期決算を発表した。

                                    以下の日付までの3カ月

                            2015年3月31日          2014年3月31日

売上高                           $8,330                 $8,961

修正済みEBIT（注1）               $642                   $605

税引き前営業利益                   $631                   $581

当社帰属純利益                     $465                   $393

希薄後1株当たり利益               $1.12                   $0.88

単位はすべて100万米ドル。ただし株関連は1米ドル

（注1）修正済みEBITは、同社が添付した未監査の中間連結決算諸表で報告した通り、セグメント別損益の数字である。

修正済みEBITは税引き前営業利益、支払利息（純額）、その他経費（純額）を表している。

▽2015年3月31日までの3カ月

当社は2015年3月31日に終わった第1四半期に83億3000万ドルの売り上げを計上した。2014年第1四半期に比べて6億3100万ドル、7%減少した。特定の通貨が当社報告通貨の米ドルに対し軟化したことが、2015年第1四半期の計上売上高に大きなマイナス要因になった。為替換算により、当社売上高は2014年第1四半期と比べて約8億8000万ドル減少した。為替換算を除けば、2015年第1四半期の売上高は2014年第1四半期に比べ3%増加した。2015年第1四半期の北米と欧州の軽自動車生産はいずれも、2014年第1四半期比で微減した。

2015年第1四半期の完成車売り上げは2014年第1四半期の8億1300万ドルから28%減少して5億8400万ドルになった。このうち為替換算が減少分1億2700万ドルを占めている。2015年第1四半期の完成車販売台数は約2万7000台と2014年第1四半期比23%減少した。

2015年第1四半期の税引き前営業利益は6億3100万ドル、マグナ・インターナショナル帰属純利益は4億6500万ドル、希薄後1株当たり利益は1.12ドルで、2014年第1四半期と比べてそれぞれ5000万ドル、7200万ドル、0.24ドル増加した。

2014年第1四半期における諸経費、税引き後利益、オーストリア税制改革の影響を除外すると、2015年第1四半期の税引き前営業利益、マグナ・インターナショナル帰属純利益、希薄後1株当たり利益は2014年第1四半期と比べてそれぞれ2800万ドル、2000万ドル、0.12ドル増加した。

2015年3月31日までの第1四半期、当社は非運用資産・負債変更前に6億5200万ドルの営業利益を生み、運用資産・負債に3億5800万ドル投資した。2015年第1四半期の投資活動合計は3億2300万ドルだった。これには固定資産付属の2億8000万ドル、投資その他の資産4200万ドル、子会社取得の100万ドルが含まれる。

マグナのドン・ウォーカー最高経営責任者（CEO）は「われわれは2015年第1四半期に利益を改善、資本利益、およびキャッシュフローの創出を計上した。米ドル高騰が計上売上と利益にマイナスの影響を与えたものの、同期の基本業務はうまくいった」と語った。

また「われわれは自動車の一定主要部門を重視するため、インテリア、電池パック業務の大半を売却することしの合意、昨年の非中核コンポジット業務売却を反映して、製品ポートフォリオを改善している。一方で、先に中国との合弁事業を発表した金属成形など他部門の拡大を一歩進めた」と付け加えた。

2015年3月31日までの第1四半期の連結決算の詳細は、当プレスリリースに加えた「Management's Discussion and Analysis of Results of Operations and Financial Position（経営成績と財務状況に関する説明と分析）」、未監査の中間連結決算諸表、付属ノートを参照。

▽配当

取締役会は昨6日、2015年3月31日までに発行済みの普通株について、四半期配当を0.22ドルと発表した。この配当は、2015年5月29日時点で登録されている株主に対して、2015年6月12日に支払われる。

▽2015年見通しの更新

2015年4月16日発表されたGrupo Antolinとの合意に従って売却を予定しているインテリア業務の2015通年財務情報を除いて、当社の2015年見通しの更新は以下の通り。これは2015年6月30日まで第2四半期の決算報告に伴う非継続事業としての事業開示と一致する。

軽自動車生産（台数）

   北米                1740万台

   欧州                2020万台

生産販売

   北米                172億ドル－178億ドル

   欧州                 69億ドル－73億ドル

   アジア               17億ドル－19億ドル

   その他                6億ドル－7億ドル

生産販売合計           264億ドル－277億ドル

完成車販売              21億ドル－24億ドル

販売合計                308 億ドル－325億ドル

営業利益率（注2）      7%台後半

税率（注2）            約26%

設備投資                13億ドル－15億ドル

（注2）諸経費（純額）を除く

2015年軽自動車生産を加えた2015年見通しで、当社は上記インテリア子会社売却を除く具体的な買収、売却を見込んでいない。また、報告通貨である米ドルに比較して、当社が業務を遂行する主要通貨の為替レートはほぼ現行水準にとどまると予測している。

▽マグナについて

当社は世界29カ国に316のマニュファクチャリング事業と87の製品開発、エンジニアリング、販売センターを持つ世界的な大手自動車サプライヤーである。当社には革新的製品・プロセスと世界一流のマニュファクチャリングを通じて、顧客に優れた価値を提供することに専念する約13万3000人の従業員がいる。当社の製造能力にはボディー、シャシー、インテリア、エクステリア、シーティング、パワートレイン、エレクトロニック、ビジョン、クロージャー、ルーフシステム、モジュールがあり、完全なビークルエンジニアリングと委託製造も含まれている。当社普通株はトロント証券取引所（MG）とニューヨーク証券取引所（MGA）で取引されている。マグナに関する詳細はウェブサイトhttp://www.magna.com を参照。

当社は関心のあるアナリストや株主が第1四半期決算について討議するための電話会議を2015年5月7日午後2時（米東部夏時間）に開催する。電話会議はドン・ウォーカーCEOが司会を務める。この会議の専用電話番号は1-800-735-5968。海外からは1-416-620-9188。会議の少なくとも10分前にかけてほしい。電話会議の模様はインターネット（http://www.magna.com ）でも配信される。電話会議に関連して、スライドを使ったプレゼンテーションが会議前の当日午後、当社公式サイトで閲覧できる。

詳しい情報は投資家担当のルイ・トネリ副社長（905-726 7035）に問い合わせを。

テレビ会議に関する質問はナンシー・ハンスフォード氏（905-726 7108）へ。

マグナに関する詳細は公式サイト、http://www.magna.com を参照。財務データ、その他の公開文書はインターネット上のカナダ証券管理局（CSA）電子開示システム（System for Electronic Document Analysis and Retrieval、SEDAR、http://www.sedar.com ）、または米証券取引委員会（SEC）電子開示システム（Electronic Data Gathering, Analysis and Retrieval System、EDGAR、http://www.sec.gov ）から入手できる。

ソース：Magna International Inc.

Magna Announces First Quarter Results

PR60420

AURORA, Ontario, May 7, 2015 /PRN=KYODO JBN/ --

Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results

for the first quarter ended March 31, 2015.

                                                                                

                                                 THREE MONTHS ENDED

                                         March 31, 2015        March 31, 2014

Sales                                         $8,330                $8,961

Adjusted EBIT (1)                               $642                  $605

Income from operations

before income taxes                            $631                  $581

Net income attributable to

Magna International Inc.                       $465                  $393

Diluted earnings per share                     $1.12                 $0.88

All results are reported in millions of U.S. dollars, except per share figures,

which are in U.S. dollars.

(1)  Adjusted EBIT is the measure of segment profit or loss as reported in the

Company's attached unaudited interim consolidated financial statements.

Adjusted EBIT represents income from operations before income taxes; interest

expense, net; and other expense, net.

THREE MONTHS ENDED MARCH 31, 2015

We posted sales of $8.33 billion for the first quarter ended March 31, 2015, a

decrease of $631 million or 7% from the first quarter of 2014.  The weakening

of certain currencies against our U.S. dollar reporting currency, in particular

the euro and Canadian dollar, had a significant negative impact on our reported

sales for the first quarter of 2015.  Foreign currency translation reduced our

sales by approximately $880 million, as compared to the first quarter of 2014.  

Excluding the impact of foreign currency translation, our sales increased 3% in

the first quarter of 2015, compared to the first quarter of 2014.  North

American and European light vehicle production each declined marginally in the

first quarter of 2015, compared to the first quarter of 2014.

Complete vehicle assembly sales decreased 28% to $584 million for the first

quarter of 2015 compared to $813 million for the first quarter of 2014, of

which foreign currency translation accounted for $127 million of the decrease.  

Complete vehicle assembly volumes decreased 23% to approximately 27,000 units

in the first quarter of 2015 compared to the first quarter of 2014.

During the first quarter of 2015, income from operations before income taxes

was $631 million, net income attributable to Magna International Inc. was $465

million and diluted earnings per share were $1.12, increases of $50 million,

$72 million and $0.24, respectively, each compared to the first quarter of 2014.

Excluding other expense, after tax and the impact of the Austrian tax reform,

each in the first quarter of 2014, income from operations before income taxes,

net income attributable to Magna International Inc. and diluted earnings per

share for the first quarter of 2015 increased $28 million, $20 million and

$0.12 respectively, each compared to the first quarter of 2014.

During the first quarter ended March 31, 2015, we generated cash from

operations of $652 million before changes in non cash operating assets and

liabilities, and invested $358 million in operating assets and liabilities.

Total investment activities for the first quarter of 2015 were $323 million,

including $280 million in fixed asset additions, $42 million in investments and

other assets and $1 million to purchase subsidiaries.

Don Walker, Magna's Chief Executive Officer commented: "We posted improved

earnings and return on funds employed in the first quarter of 2015, as well as

excellent cash flow generation.  While the strengthened U.S. dollar negatively

impacted our reported sales and earnings, our underlying operations performed

well in the quarter.

We have been refining our product portfolio to focus on certain key areas of

the vehicle, reflected in our agreements this year to sell substantially all of

our interiors operations, our battery pack business, as well as our sale last

year of certain non-core composites operations.  At the same time, we have been

taking steps to expand in other areas such as metalforming, where we recently

announced a joint venture in China."

A more detailed discussion of our consolidated financial results for the first

quarter ended March 31, 2015 is contained in the Management's Discussion and

Analysis of Results of Operations and Financial Position and the unaudited

interim consolidated financial statements and notes thereto, which are attached

to this Press Release.

DIVIDENDS

Yesterday, our Board of Directors declared a quarterly dividend of $0.22 with

respect to our outstanding Common Shares for the quarter ended March 31, 2015.

This dividend is payable on June 12, 2015 to shareholders of record on May 29,

2015.

UPDATED 2015 OUTLOOK

Our updated 2015 outlook below excludes full year 2015 financial information

for the interiors operations we intend to sell, pursuant to our agreement with

Grupo Antolin announced on April 16, 2015.  This will be consistent with

disclosure of the business as discontinued operations beginning with the

reporting of our financial results for the second quarter ended June 30, 2015.

Light Vehicle Production (Units)

       North America                            17.4 million

       Europe                                   20.2 million

Production Sales

       North America                   $17.2 billion - $17.8 billion

       Europe                           $6.9 billion - $7.3 billion

       Asia                             $1.7 billion - $1.9 billion

       Rest of World                    $0.6 billion - $0.7 billion

                                         ---------------------------

       Total Production Sales          $26.4 billion - $27.7 billion

Complete Vehicle Assembly Sales         $2.1 billion - $2.4 billion

Total Sales                            $30.8 billion - $32.5 billion

Operating Margin(1)                            High 7% range

Tax Rate(1)                                  Approximately 26%

Capital Spending                        $1.3 billion - $1.5 billion

(1) Excluding other expense, net

In this 2015 outlook, in addition to 2015 light vehicle production, we have

assumed no material acquisitions or divestitures other than the interiors

divestiture noted above. In addition, we have assumed that foreign exchange

rates for the most common currencies in which we conduct business relative to

our U.S. dollar reporting currency will approximate current rates.

ABOUT MAGNA

We are a leading global automotive supplier with 316 manufacturing operations

and 87 product development, engineering and sales centres in 29 countries.  We

have approximately 133,000 employees focused on delivering superior value to

our customers through innovative products and processes, and World Class

Manufacturing.  Our product capabilities include producing body, chassis,

interior, exterior, seating, powertrain, electronic, vision, closure and roof

systems and modules, as well as complete vehicle engineering and contract

manufacturing.  Our Common Shares trade on the Toronto Stock Exchange (MG) and

the New York Stock Exchange (MGA).  For further information about Magna, visit

our website at http://www.magna.com .

We will hold a conference call for interested analysts and shareholders to

discuss our first quarter results on Thursday, May 7, 2015 at 2:00 p.m. EDT.

The conference call will be chaired by Don Walker, Chief Executive Officer. The

number to use for this call is 1-800-735-5968. The number for overseas callers

is 1-416-620-9188. Please call in at least 10 minutes prior to the call. We

will also webcast the conference call at http://www.magna.com . The slide

presentation accompanying the conference call will be available on our website

Thursday afternoon prior to the call.

For further information, please contact Louis Tonelli, Vice-President, Investor

Relations at 905-726 7035.

For teleconferencing questions, please contact Nancy Hansford at 905-726 7108.

FORWARD LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking

statements" or "forward-looking information" within the meaning of applicable

securities legislation, including, but not limited to, statements relating to:

Magna's forecasts of light vehicle production in North America and Europe;

expected consolidated sales, based on such light vehicle production volumes;

production sales, including expected split by segment, in its North America,

Europe, Asia and Rest of World segments for 2015; complete vehicle assembly

sales; consolidated operating margin, effective income tax rate; fixed asset

expenditures; and statements relating to the refinement of our product

portfolio through acquisitions, divestitures, joint ventures or otherwise,

including the strategic benefits expected to result from the sale of

substantially all of our Interiors operations (the "Transaction") . The

forward-looking information in this document is presented for the purpose of

providing information about management's current expectations and plans and

such information may not be appropriate for other purposes. Forward-looking

statements may include financial and other projections, as well as statements

regarding our future plans, objectives or economic performance, or the

assumptions underlying any of the foregoing, and other statements that are not

recitations of historical fact. We use words such as "may", "would", "could",

"should", "will", "likely", "expect", "anticipate", "believe", "intend",

"plan", "forecast", "outlook", "project", "estimate" and similar expressions

suggesting future outcomes or events to identify forward-looking statements.

Any such forward-looking statements are based on information currently

available to us, and are based on assumptions and analyses made by us in light

of our experience and our perception of historical trends, current conditions

and expected future developments, as well as other factors we believe are

appropriate in the circumstances. However, whether actual results and

developments will conform with our expectations and predictions is subject to a

number of risks, assumptions and uncertainties, many of which are beyond our

control, and the effects of which can be difficult to predict, including,

without limitation: the impact of economic or political conditions on consumer

confidence, consumer demand for vehicles and vehicle production; fluctuations

in relative currency values; restructuring, downsizing and/or other significant

non-recurring costs; continued underperformance of one or more of our operating

Divisions; ongoing pricing pressures, including our ability to offset price

concessions demanded by our customers; our ability to successfully launch

material new or takeover business; shifts in market share away from our top

customers; inability to grow our business with OEMs; shifts in market shares

among vehicles or vehicle segments, or shifts away from vehicles on which we

have significant content; risks of conducting business in foreign markets,

including China, India, Russia, Eastern Europe, Thailand, Brazil, Argentina and

other non-traditional markets for us; a prolonged disruption in the supply of

components to us from our suppliers; shutdown of our or our customers' or

sub-suppliers' production facilities due to a labour disruption; scheduled

shutdowns of our customers' production facilities (typically in the third and

fourth quarters of each calendar year); our ability to successfully compete

with other automotive suppliers;  reduction in outsourcing by our customers or

the loss of a material production or assembly program; the termination or

non-renewal by our customers of any material production purchase order; our

ability to consistently develop innovative products or processes; impairment

charges related to goodwill and long-lived assets; exposure to, and ability to

offset, volatile commodities prices; our ability to successfully identify,

complete and integrate acquisitions or achieve anticipated synergies; our

ability to conduct appropriate due diligence on acquisition targets; the

consummation of the Transaction, including required antitrust and other

regulatory approvals; the satisfaction or waiver of conditions to complete the

Transaction; warranty or required indemnity obligations to the purchaser in the

Transaction in relation to pre-closing liabilities; warranty and recall costs;

risk of production disruptions due to natural disasters or other catastrophic

events; the security and reliability of our IT systems; pension liabilities;

legal claims and/or regulatory actions against us, including the ongoing

antitrust investigations being conducted by German and Brazilian authorities;

changes in our mix of earnings between jurisdictions with lower tax rates and

those with higher tax rates, as well as our ability to fully benefit tax

losses; other potential tax exposures; changes in credit ratings assigned to

us; changes in laws and governmental regulations; costs associated with

compliance with environmental laws and regulations; liquidity risks as a result

of an unanticipated deterioration of economic conditions; our ability to

achieve future investment returns that equal or exceed past returns;  the

unpredictability of, and fluctuation in, the trading price of our Common

Shares; and other factors set out in our Annual Information Form filed with

securities commissions in Canada and our annual report on Form 40-F filed with

the United States Securities and Exchange Commission, and subsequent filings.

In evaluating forward-looking statements, we caution readers not to place undue

reliance on any forward-looking statements and readers should specifically

consider the various factors which could cause actual events or results to

differ materially from those indicated by such forward-looking statements.

Unless otherwise required by applicable securities laws, we do not intend, nor

do we undertake any obligation, to update or revise any forward-looking

statements to reflect subsequent information, events, results or circumstances

or otherwise.

For further information about Magna, please see our website at

http://www.magna.com . Copies of financial data and other publicly filed

documents are available through the internet on the Canadian Securities

Administrators' System for Electronic Document Analysis and Retrieval (SEDAR)

which can be accessed at http://www.sedar.com and on the United States

Securities and Exchange Commission's Electronic Data Gathering, Analysis and

Retrieval System (EDGAR) which can be accessed at http://www.sec.gov

SOURCE: Magna International Inc.