SEAT S.A. posts operating profit of 415 million euros in first nine months of 2024

Building and entrance of the SEAT factory at sunset, featuring modern architecture and an illuminated company logo. The entrance is secured with barriers and fences.
  • The company’s operating profit decreased 17.2% compared to the first nine months of 2023 due to challenges facing the global automotive industry
  • Sales revenue reaches 10.5 billion euros, down 3.0% compared to the same period in 2023, partly attributed to substantial investment in new CUPRA model launches
  • Operating return on sales reaches 3.9% (-0.7 p.p.)
  • CUPRA completes the best first nine months in its history with 179,100 cars delivered, up +5.3% compared to Jan-Sep 2023
  • The SEAT brand remains on the path of growth with 242,900 deliveries, an increase of 9.6%
  • Total deliveries of SEAT S.A. increased 7.7% to 422,100 units
  • Following a year of new launches, SEAT S.A. is now leveraging its new, fully-fledged CUPRA portfolio

Martorell. SEAT S.A. achieved an operating profit of 415 million euros between January and September 2024. These results were 17.2% lower than for the same period of the previous year (501 million euros), in a challenging economic environment affecting the global automotive industry. Furthermore, 2024 has been a pivotal year for the company, marked by substantial investment to support several major launches for the CUPRA brand’s range of BEVs and PHEVs as the company drives forward its transformation toward electrification.

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