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SEAT is going to launch one new car every six months until 2020. The first two vehicles will be the #seat Tarraco and the CUPRA Ateca, which are going on sale at the end of 2018. Next year the new generation #seat Leon will be available in dealerships with two variants, the five-door model and the ST family sized version. 2020 will see SEAT’s first fully electric vehicle, built on the Volkswagen Group’s MEB platform and featuring a range of 500 kilometres and, for the first time, the addition of a CUV (Crossover Utility Vehicle) in the #seat model line-up. This was announced today by #seat President Luca de Meo at the annual results presentation to the media held in Madrid. #seat is taking a step forward in boosting electric mobility, which includes the hybrid version of the new generation Leon, also in 2020. In addition, the brand will remain committed to vehicles powered with compressed natural gas (CNG) as well as internal combustion engines. The President of #seat pointed out that “we can be happy with the 2017 results, but we shouldn’t be satisfied. Together we’ve closed a period of consolidation and now it’s time to look to the future with the ambition to grow.” 2017, a year of records #seat successfully concluded 2017. After achieving its best results in history in 2016, its profit after tax in 2017 grew to 281* million euros, which is 21.3% more than the previous year (2016: 232 million), excluding the extraordinary effect of the sale of the VW Finance, S.A. subsidiary to Volkswagen AG. Furthermore, the operating profit amounted to 116 million euros (2016: 143) as a result of higher volumes and higher investment activities due to new products with higher depreciations. SEAT’s turnover reached a record figure of 9.552 billion euros in 2017, which is 11.1% more than the year prior (2016: 8.597). This amount was driven by the company’s sales momentum,posting the highest volume since 2001 with 468,400 vehicle deliveries making #seat one of the fastest growing brands in Europe, and an improved vehicle mix led by the Ateca, a model with a better contribution margin. Since 2013, SEAT’s turnover has gone up close to 50%. According to Luca de Meo, “2017 was a new year of records for SEAT”. From a sales standpoint, “the 2017 results are the outcome of a balanced development of all our models. Today we have one of the youngest ranges on the market, a little more than three years on average, which covers all the relevant segments in Europe with class leading products.” De Meo added that “in just a few years we have turned #seat into a relevant brand for a vast majority of European customers.”
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