Seat employees will receive a bonus of 700 euros after the “historical” results of 2017

Published 3/14/2018 11: 38: 26CET

MARTORELL (BARCELONA), 14 Mar. (EUROPA PRESS) –

The Spanish automotive firm Seat has announced that it will distribute an extra 700 euros to its employees, after closing the previous year with a historical operating profit of 191 million euros, a 24.8% increase.

The parent company of Seat, the Volkswagen group, presented its annual results on Tuesday, which yielded an attributed net profit of 11,354 million euros, which translates into a strong 120% increase compared to 2016.

The results of Volkswagen included the figures of its divisions, among which is the signature of Martorell, which closed 2017, according to German accounting rules, with the highest profits in its history, reaching 191 million euros.

Given these results, the company proposes the payment to its employees of an extraordinary payment of 700 euros charged to 2017, which translates into a rise of 46% compared to the 480 euros received the previous year.

The Catalan corporation indicated that this will be the second consecutive year, after the approval of the collective agreement, in which an extra pay for the obtained result is distributed. The payment of these 700 euros will take place on April 15.

The multinational company chaired by Luca de Meo accounted for a turnover of 9,892 million euros at the end of last year, an 11.2% growth compared to revenues of 8,894 million euros in 2016.

De Meo said that all the people who are part of the SEAT team should feel “proud” of these results and pointed out that last year was one of acceleration of sales and turnover, which resulted in an increase in the profit operative

“We are pleased to have achieved the best results in the history of the company and, at the same time, we aspire to continue to expand our business in a robust manner,” said the head of the company.

Seat registered a total of 468,400 vehicles worldwide throughout the year that has just ended, which translates into an increase of 14.6% and represents the best commercial data since 2001.