MAGNA STEYR

Magna Steyr is an automotive engineering and production firm situated in Austria that provides services to a variety of automobile manufacturers. The company focuses on vehicle design, research, and manufacturing, including electric and hybrid drives. Magna Steyr also provides engineering, testing, and manufacturing services for automotive components. The company has a global footprint, with offices in Europe, North America, and Asia.

Magna Steyr has a proven track record of sales growth and profitability in terms of financial performance. Magna Steyr reported revenue of roughly $3.5 billion for the fiscal year 2023. The company's balance sheet is healthy, with minimal debt levels, and it consistently generates positive free cash flow. Magna Steyr has also been able to keep its dividend payout to shareholders consistent.

Magna Steyr has a diverse product and service portfolio that includes vehicle engineering, contract manufacturing, and electric vehicle development. They have collaborated with numerous well-known automobile brands, including BMW, Mercedes-Benz, Jaguar, and Volvo, to create vehicles of excellent quality and dependability.

Magna Steyr's commitment to innovation and sustainability is one of its core competencies. They have made significant investments in R&D to develop innovative technologies that cut emissions and enhance fuel efficiency, and they are committed to lowering their environmental effect through sustainable production methods.

Founded: 2001
Headquarters: 317 Liebenauer Hauptstrasse, Graz, Austria, 8041, Austria
Website: https://www.magna.com/company/company-information/magna-groups/magna-steyr