Magna International Inc.

11:13 AM EST - Magna International Inc. : Announced its financial outlook for 2019 and 2021. The company’s outlook to 2021 anticipates continued growth in total sales and improvement in our EBIT Margin compared to 2018 despite the expectation of relatively level light vehicle production across its major end markets of North America and Europe during this same outlook period. Free cash flow is expected to increase to a cumulative total of more than $6.5 billion in the 2019-2021 timeframe as compared to over $6 billion in the 2018-2020 period, reflecting an anticipated increase in earnings and relatively level capital spending. Magna International Inc. shares T.MG are trading down $1.19 at $65.58.