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Seat increases operating profit by 4.1% in the first trimester

Automotive News

The Spanish brand Seat, of the German automotive manufacturer Volkswagen, obtained operating profit of 56 million euros in the first quarter of 2017, a 4.1% increase over the same period of 2016.

Volkswagen reported today that the group’s results show that Seat’s business volume reached a record 2.487 billion euros in the first three months of the year, 20.2% more than in the same period of 2016 (2,017 millions).

At the same time, the number of vehicles invoiced grew by 16.6% (this figure includes the Audi Q3).

The improvement in the sales mix, mainly thanks to the Ateca and the Alhambra, has allowed an increase in turnover above the number of vehicles invoiced.

Sales (deliveries) of Seat have increased 14% between January and March, to a total of 117,300 vehicles (2016: 102,900).

Seat said that “we are satisfied with the operating profit obtained in the first quarter of 2017”.

After closing 2016 with the biggest profit in the history of Seat (143 million euros), in the first quarter of the year the Spanish brand notes a consolidation of profit and, again, growth.

Seat added that it keeps the path to sustainable profitability.

At the same time, this year Seat has increased investments and R & D expenses for the development of new models and the new platform MQB A0, in which the new Ibiza is produced and from the second half of the year the “crossover “Compact Arona.

In addition the increase of these investments is for the commercial launch of the Ibiza.

From the commercial point of view, Seat has closed the first quarter with sales above the initial forecasts.

Thanks to the largest product offensive in the company’s history, Seat is one of the fastest growing brands in Europe and sales are rising for the fifth consecutive year.

EFE – Fráncfort (Alemania) – 03/05/2017 – EL DIARIO (Translation Soft)

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