SEAT Improves Third Quarter 2007 Results by 109 Million Euros

Martorell, 26-10-2007 -- SEAT’s Improvement Plan is picking up speed. The Spanish car manufacturer has posted a substantial 109 million-euro improvement in its operating result for the first nine months of 2007.

SEAT has also increased the quality of its sales, selling better-equipped cars. The Spanish car manufacturer’s sales figures for the first nine months of 2007 were 319,500 vehicles, a slight down-turn of 1.3% when compared against for 2006; this however was offset by higher invoicing per model. The bottom line is that SEAT’s turnover during the same period of time totalled 4,450 million euros.

SEAT’s star models at the end of this year’s third quarter are still the Ibiza – (130,000 customer deliveries) and the León (90,000 units sold). The Spanish brand is also benefiting from the good market performance of the Altea family, which attracted some 60,000 buyers all told.

The better results for 2007 stem from the Improvement Plan implemented by the company under the leadership of its Chairman Erich Schmitt. The bottom line is that a positive operating result will be achieved in 2007, one year ahead of schedule.

Source: SEAT

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