UPDATE 3-Magna expects emerging markets to boost 2013 sales

Wed Jan 16, 2013 11:47am EST
 
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* Forecasts 2013 total sales of $31.3 bln to $32.7 bln

* Expects 2013 operating margin in mid-5 pct range

* Sees 2013-2015 production sales growth of $2.2 bln

* Shares up 0.5 pct to C$51.44 on TSX

By Susan Taylor

TORONTO Jan 16 (Reuters) - Canadian auto parts manufacturer Magna International Inc forecast stronger 2013 sales and profit margins on Wednesday, reflecting gains from fast-growth markets such as China and Brazil.

Magna, one of the world's largest parts makers with some 286 plants in 26 countries, has pushed expansion outside its core markets of North America and Europe to take advantage of lower operating costs and stronger demand.

"Our outlook reflects the progress we are making in expanding Magna's business outside of out traditional markets," Chief Executive Officer Don Walker said in a statement.

For 2013, the company sees sales of $31.3 billion to $32.7 billion, above its forecast for 2012 full-year sales of $30.3 billion to $31.2 billion.   Continued...