/ News, Seat / Seat’s 2013 operating loss rose to €217 million

Seat’s 2013 operating loss rose to €217 million

Linked In Share
Seat’s 2013 operating loss rose to €217 million

Seat has posted an operating loss of €217 million for 2013, up from €134 million in 2012, despite a record turnover of €6.47 billion last year.

The VW-owned automaker blamed strong competition in western Europe, with “challenging economic difficulties in the region” being the main cause for the diminished revenue per unit.

Seat said the operating result was also affected by higher personnel and restructuring costs, as  well as an increase in amortizations due to the launch of new models. After taxes, Seat’s loss was €149 million, compared to €30 million in 2012.

“2013 was a difficult and demanding year, but Seat proved its potential by joining the ranks of the fastest growing brands in Europe and set sales and production records for the past years,” company president Jürgen Stackmann said in a statement.

The carmaker said it had made enormous investment efforts over the past five years, over €2.6 billion for investments and R&D expenses. However, earnings before interest, tax, depreciation and amortization (EBITDA) improved by 73 percent to €221 million. Also, for the first time since 2007, investments were fully covered by operating cash flow.

Seat managed to reduce its dependence on the Spanish market in 2013 and expanded internationally, exporting 83 percent of its output – compared to 75 percent in 2009. Sales of the Leon compact car rose 44.4 percent last year to 102,000 units of Seat’s total 355,000 sales.

by Mircea Serafim (my Google+) - Thursday, March 27th, 2014 - filed under News, Seat. Image credit: .
Linked In Share
Related Articles
operating loss Seat seat profit turnover


Discuss: Seat’s 2013 operating loss rose to €217 million

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Top 10 Ferrari F1 drivers. Pos. 8 Froilan Gonzalez
Top 10 Ferrari F1 drivers. Pos. 8 Froilan GonzalezIn the shadows of Ascari and Fangio lies a giant. With a mobster like allure, powerful as a wrestler and fast as hell, he is the ...
Lexus NX gets 6,500 pre-orders in Japan
Lexus NX gets 6,500 pre-orders in JapanLexus’ newest crossover, the NX, has received no less than 6,500 pre-orders in its home country, Japan. Just a couple of days ...
2015 Volkswagen Touareg launched in Germany
2015 Volkswagen Touareg launched in GermanyThe facelifted version of the Volkswagen Touareg has been recently launched in its homeland, starting in at 52,125 euros for the ...
2015 VW Jetta gets priced in the U.K.
2015 VW Jetta gets priced in the U.K.Volkswagen has announced the official price list for the facelifted version of the Jetta, which is now available for order across ...
Volvo details SPA, to be used on 2015 XC90
Volvo details SPA, to be used on 2015 XC90Volvo has released new details on its SPA (Scalable Product Architecture) which will be used on the next generation of the ...
Recall roundup: Volkswagen Tiguan for fuel bubbles
Recall roundup: Volkswagen Tiguan for fuel bubblesVolkswagen has recently announced a recall for the Tiguan because of a problem in which bubbles may form in winterized fuel, ...
2015 Skoda Superb 4×4 Outdoor Limited Edition launched in Australia
2015 Skoda Superb 4×4 Outdoor Limited Edition launched in AustraliaSkoda has recently introduced the new Superb 4x4 Outdoor Limited Edition in Australia, where the model in question has a price ...
[VIDEO] 2015 Range Rover Sport SVR gets first presentation clip
[VIDEO] 2015 Range Rover Sport SVR gets first presentation clipLand Rover has released the first presentation clip with its brand new Range Rover Sport SVR. After being officially unveiled ...
US: the least and most expensive states for car owners
US: the least and most expensive states for car ownersWyoming and Iowa are separated by just one state – which means they’re only a few hours apart. But they’re on the opposite ...
Subaru not planning Juke competitor
Subaru not planning Juke competitorThe Japanese based automaker Subaru is ruling out a compact crossover aimed towards the Nissan Juke and other vehicles in the ...
[VIDEO] Ferrari F12 Berlinetta seen on the Ring, possible timed lap attempt
[VIDEO] Ferrari F12 Berlinetta seen on the Ring, possible timed lap attemptA brand new video with the Ferrari F12 Berlinetta is showing the supercar in action on the Nurburgring in what is believed to be ...
BMW i8 is sold out in the United Kingdom
BMW i8 is sold out in the United KingdomThe impressive BMW i8 has seen an unexpected success across the United Kingdom as the model in question has been already sold ...
2015 Hyundai i20 officially unveiled
2015 Hyundai i20 officially unveiledHyundai has officially pulled the wraps off the second generation of the i20, which will be making its public debut in October, ...
New York judge favors settlements in GM ignition lawsuits
New York judge favors settlements in GM ignition lawsuitsAfter it was revealed that General Motors delayed the recall of 2.6 million cars equipped with potentially deadly ignition ...
Mazda teasing new-gen MX-5
Mazda teasing new-gen MX-5The Japanese based automaker Mazda has officially released a teaser image with the new generation of the MX-5, which will be ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 volkswagen touareg 1
2015 volkswagen jetta facelift 1
2015 volvo xc90 1
2015 hyundai i20 1
mclaren 650s sprint 1
2015 Cadillac Escalade Platinum 1
2015 nissan 370z nismo 1
Jaguar_LWE_Build01
jebel-hafeet-mountain-road
dacia duster pickup prototype 1
2015-Nissan-370Z-NISMO-1
renault fluence rs 2

More automotive from inautonews
In the shadows of Ascari and Fangio lies a giant. With a mobster like allure, powerful as a wrestler and fast as hell, he is the man who broke the Alfa Romeo domination in GP racing, at the wheel of the Ferrari 375, at Silverstone 1951, Ferrari’s day of days for many decades. Despite his bulky ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers. Pos. 8 Froilan Gonzalez
Top 10 Ferrari F1 drivers. Pos. 8 Froilan GonzalezIn the shadows of Ascari and Fangio lies a giant. With a mobster like allure, powerful as a wrestler and fast as hell, he is the man who broke the ...
TOP 10 FERRARI F1 DRIVERS 9. JUAN MANUEL FANGIO
TOP 10 FERRARI F1 DRIVERS 9. JUAN MANUEL FANGIOOf course he will be several places higher on any list of all time greats. But not in Ferrari terms. Fangio didn’t care too much for the Scuderia ...
Top 10 Ferrari drivers: 10. Nigel Mansell
Top 10 Ferrari drivers: 10. Nigel MansellThe English bloke won the Italian tifossi through his sheer determination, total attack power and courage. He lacked the charisma, although he was ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: safety experts say the NHTSA moves too slowlyRecent developments of the US automotive industry showed that automakers, on occasions, failed to ... Recall roundup: Volkswagen Routan for ignition switch problemsVolkswagen has issued a recall for the Routan because of the ignition switch problems which will be ...
Safety Section