The balance sheets reward corporate choices SEAT. The Spanish company, which is part of Volkswagen, is growing in volumes and cycle efficiency. This has had positive repercussions on the financial results achieved in the first half of 2024, which become the best in its history.
Operating profit increased to 406 million euros, with a +9.4% compared to the January-June 2023 period. A positive sign even in the face of changes in revenuesnow equal to 7.8 billion euros, with a +4.6% compared to the previous reading. Operating profit on sales rises to 5.2%, up 0.2 percentage points.
With the strength of these figures, SEAT looks to the future with optimism, aiming for a sustainable profitability. Positive data comes from the commercial front. The group recorded 297,400 total deliveries in the first six months of the year, with a leap forward of 13.8%.
Going into more detail, to the figure previously exposed CUPRA competed with 125,700 registered cars, equal to +17.2%. This is the best performance in its history. The figure is also growing for SEATwhich increased its deliveries by 11.4% to 171,700 units. The iconic Ibiza, which celebrates its 40th birthday this year, leads the brand’s sales with 56,300 units delivered (+29% compared to the first half of 2023). Sales of the group’s electrified vehicles stood at 45,900 units.
The CEO’s satisfaction is understandable Wayne Griffiths: “Efforts to improve on our good performance have led us to achieve our best ever results in the first half of the year, a remarkable achievement considering the current context.”
Obviously, the company’s top management is aware of the challenging months that are looming on the horizon, linked to environmental factors and a heated competitiveness market, but there is confidence, thanks also to the strategies implemented, especially on the front of products, revenues and efficiency improvement. The constant growth in deliveries, which has driven the excellent financial results illustrated above, gives hope for the future.
Source: www.autoblog.it
