Seat presented its 2022 financial results and anticipated some details about its future strategies. Last year it was concluded positively for the Spanish car manufacturer. In fact, compared to 2021, the turnover is up; grew by 14%, from 9,256 million euros to 10,513 million euros. It is the second most highest turnover in its history (record in 2019 with 11,157 million euros).
The operating profit is up to 100%. increased by €550 million to €179 million (2021: -€371 million). This is an improvement in return on sales of 5.7 percentage points, from -4% in 2021 to 1.7%. Profit is increased by €324 million to €68 million (2021: -€256 million). 2022 is the year. it was therefore the year of the company’s financial turnaround.
2022 for the automotive sector is the year of the year. been very complex due to a number of challenges including the well-known problems with supply chains that have slowed down the production of new cars. The ability production of Seat has been attested to just under 480,000 cars in 2022, more; roughly at the same level as 2021 but well below 2019, the year before the outbreak of the pandemic.
Despite overall sales volume 4% lower than in 2021, financials have improved. This is serious; been possible thanks to the increase in deliveries of Cupra models, the reduction of expenses and the improvement of business efficiency.
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Looking ahead to 2023, Seat has already achieved some success. delivered 71,500 cars in the first two months of the year. This is an increase of 27% compared to the same period in 2022. Thanks to last year's financial results, the Spanish automaker will be able to improve its performance. move forward with greater tranquility; in its ambitious electrification programme.
This year marks the 30th anniversary of the Martorell site and Seat is investing a total of three billion euros in its electrification. The factory is set to become one of the Volkswagen Group's electric vehicle manufacturing hubs and a crucial part of the battery-powered car value chain in Spain.
The "small" battery-powered cars that will be marketed through some brands of the German group. Here, for example, it will be; produced the Volkswagen ID.2. The ambition of the Group is to produce three million BEVs in total in Martorell and Pamplona between 2025 and 2030. Seat is also working on the construction of a battery assembly factory and a second vehicle platform for Martorell.
Seat will not launch the a new electric model before 2026, given that Cupra will present; two new electric vehicles in the next two years: the Tavascan in 2024 and the production version of the UrbanRebel concept car in 2025. on "micro-mobility’ electric” where already; offers an electric scooter. In the future it will come “ even an electric quadricycle.
The new electric models of Cupra to which is added the future new SUV Plug-in Terramar, will allow the Spanish brand to enter new market segments in order to be able to achieve its medium-term goal deadline to sell 500,000 cars a year. By 2030, Cupra aims to be one of the top 100 global brands.
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