For the third year in a row following the approval of the 2016 collective bargaining agreement, next 15 April SEAT employees are going to receive a profit distribution payment for the results obtained. This year, the company is paying 1,068 euros gross to each employee, which is 49.2% more than last year (716 euros), thanks to the increased operating profit.
*Notes to editors: These results are included in the Volkswagen Group’s presentation and have been calculated by applying international accounting standards (IAS/IFRS) and consolidating the SEAT brand figures.
SEAT will be presenting its annual results next 27 March according to the Spanish General Accounting Plan, without including its subsidiaries. In this presentation, SEAT will review the year 2018 and will explain the brand’s future strategy.
SEAT is the only company that designs, develops, manufactures and markets cars in Spain. A member of the Volkswagen Group, the multinational has its headquarters in Martorell (Barcelona), exporting 80% of its vehicles, and is present in over 80 countries on all five continents. In 2018, SEAT sold 517,600 cars, the highest amount in the brand’s 68 years of history.
The SEAT Group employs more than 15,000 professionals and has three production centres – Barcelona, El Prat de Llobregat and Martorell, where it manufactures the highly successful Ibiza, Arona and Leon. Additionally, the company produces the Ateca in the Czech Republic, the Tarraco in Germany, the Alhambra in Portugal and the Mii in Slovakia.
The multinational has a Technical Centre, which operates as a knowledge hub that brings together 1,000 engineers who are focussed on developing innovation for Spain’s largest industrial investor in R&D. SEAT already features the latest connectivity technology in its vehicle range and is currently engaged in the company’s global digitalisation process to promote the mobility of the future.
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