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August 05, 2015 1:36 AM ET

Automobiles

Company Overview of SEAT, S.A.

Company Overview

SEAT, S.A. designs and produces cars. The company offers cars ranging from compact and family cars to sports and utility vehicles. The company also offers parts, warranty, inspection and maintenance, repair, and other services. It serves customers in Europe, Asia, the United States, Africa, and the Middle East. SEAT, S.A. was formerly known as Sociedad Española de Automóviles de Turismo, S.A. and changed its name to SEAT, S.A. in 1991. The company was founded in 1950 and is based in Barcelona, Spain. SEAT, S.A. operates as a subsidiary of Volkswagen International Finance N.V.

Autovía A-2

Km. 585

Martorell

Barcelona,  08760

Spain

Founded in 1950

Phone:

34 93 708 58 85

Fax:

34 93 708 55 12

Key Executives for SEAT, S.A.

Chairman of Executive Committee
Age: 53
Vice-President for Finances
Executive Vice President of Research & Development and Member of Executive Committee
Age: 53
Compensation as of Fiscal Year 2015.

SEAT, S.A. Key Developments

SEAT Signs Deal to Supply its Leon to the Two Italian Police Forces

SEAT announced that it has signed a deal to supply its Leon to the two Italian police forces. According to a statement, the contract relates to the five-door hatchback body style using a 2.0-litre 150PS diesel engine. The first 106 have been delivered to the Carabinieri (which has ordered 450) and 100 have gone to the Polizia di Stato (which has ordered 475). However, up to 4,000 vehicles could be supplied over the next three years as part of an optional expanded deal.

SEAT S.A. Appoints Xavier Ros as Executive Vice President Human Resources, Effective September 1, 2015

SEAT S.A. appointed Xavier Ros as Executive Vice President Human Resources, effective September 1, 2015. He succeeds Josef Schelchshorn who has been appointed board member for Human Resources at MAN SE and MAN Truck & Bus, effective July 1, 2015.

SEAT Announces Earnings Results for the Year Ended December 31, 2014

SEAT, S.A. has reported that loss for the year ended December 31, 2014 was EUR 65.7 million, compared to a loss of EUR 148.7 million for the year ended December 31, 2013. Net sales for the year ended December 31, 2014 were EUR 7.5 billion, compared to EUR 6.47 billion for the year ended December 31, 2013. Operating loss for the year ended December 31, 2014 was EUR 166.7 million, compared to an operating loss of EUR 216.7 million for the year ended December 31, 2013. Loss before tax for the year ended December 31, 2014 was EUR 138.8 million, compared to a loss before tax of EUR 144.4 million for the year ended December 31, 2013. Overall volume sales in 2014 hit 390,500 units, up 10% year-over-year.

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