Seat, document numbers with value reducing | EUROtoday

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A minimize of working prices of 30% and the nice outcomes of Cupra. These are the 2 substances that allowed Seat, within the basic storm of the automotive, to shut 2024 with a rise in turnover and the outcome. The turnover touched 14.5 billion, the best within the historical past of the Spanish group, with a rise of 1.4% in comparison with the earlier yr. Operating revenue licensed 633 million (plus 1.3% on 2023), additionally on this case the best within the group’s historical past. The profitability, nevertheless, remained steady at 4.4%.

“After a very intense year,” mentioned Wayne Griffiths, CEO of Seat and Cupra, “we got the best financial results of our history. The numbers of 2024 are the result of the efforts made in the last five years to build a more profitable future for our company. However, it is evident that the triple challenge represented by the slowdown of the beings, the increase in Chinese competition and by an unstable tariff panorama is significant and requires greater flexibility to plan the future “.

To give the push was Cupra, who with the 2024 deliveries exceeded the 800 thousand automobiles bought and begins to exceed a million in 2025. Seven fashions in seven years, with 4 launches final yr and the arrival, in 2026, of the brand new Raval will full the vary, the results of investments on the product and on the brand new vegetation: ten billion euros of which three on the Martorell manufacturing facility, the avant -garde, the avant -garde. of the group’s electrification. The money circulate, which reached 1.3 billion, will give the mandatory petrol.

“We have shown our resilience and we have reached historical financial records,” mentioned Patrick Mayer, government vice -president of the group with delegation to finance. «Despite the continual uncertainty of the sector, we’ve as soon as once more confirmed our profitability. These outcomes give us the solidity essential to proceed and face future challenges ».

First of all, the electrification for which the corporate has invested 10 billion euros, of which three billion within the Martorell plant. Line 1 is at present being ready for the manufacturing of the Volkswagen group of electrical city automobiles. Cupra Raval and Volkswagen ID2 would be the first fashions to go away the brand new line within the first half of subsequent yr. The line can be supported by the battery meeting plant underneath development at all times at Martorell which can be accomplished subsequent September and may have a capability of 300 thousand batteries per yr.