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Seat with record results in 2019
The Volkswagen Group's racy brand delivered a particularly strong year in 2019. The numbers speak for themselves.
Seat with record results in 2019
In 2019, Seat was able to continue the positive development of the past four years and achieved the best financial result in its company history. Seat S.A. posted a profit of 346 million euros after taxes, which corresponds to an increase of 17.5 percent compared to 2018 (294 million euros). Operating profit rose by 57.5 percent to 352 million euros (2018: 223 million euros), sales rose by 11.7 percent to 11.157 billion euros (2018: 9.991 billion euros) thanks to higher sales figures.
Carsten Isensee, CEO of Seat S.A. and Board Member for Finance and IT, emphasizes: "2019 was a positive year for Seat. The result that we achieved thanks to the teamwork of the entire organization puts us in an ideal starting position for future challenges. The result from 2019 forms a stable foundation for the long-term future of our company."
In addition, operating cash flow increased by 56.2 percent to 1.092 billion euros (2018: 699 million), which corresponds to 9.8 percent of sales. Seat S.A. is therefore one of the ten companies with the highest operating cash flow in Spain. This indicator underlines financial sustainability.