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June 02, 2015 4:52 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: 52
Vice-President for Finances
Executive Vice President of Research & Development and Member of Executive Committee
Age: 52
Compensation as of Fiscal Year 2014.

SEAT, S.A. Key Developments

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.

SEAT Announces Sales Results for the Third Quarter of 2014

SEAT announced sales results for the third quarter of 2014. For the quarter, the company continues to grow at a rate higher than 10%. The brand has ended with an aggregate increase of 10.5%, and 294,000 vehicles delivered against 266,100 vehicles, 27,900 more than in the same period 2013. This growth momentum is being sustained by Leon sales.

Seat Announces Executive Changes

Seat has appointed Bernhard Bauer head of Seat Germany, with effect from October 1, 2014. Bauer will replace Manfred Kantner, who will be responsible for Volkswagen's sales and distribution in India and the Far East region. Prior to the appointment at Seat Germany he was managing director at Volvo Car Germany.

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