SEAT S.A.: result before tax 2013-2023
Over the course of 2013 to 2016, significant growth is observed for the result before tax of SEAT S.A. Result before tax increased from a loss of about 144 million euros in 2013 up to a profit of 874 million euros in 2016. In 2017, significant decrease in result before tax was observed, falling to 232 million euros. Through 2018 to 2019, steady growth was seen, before results dropped again through 2021, down to a loss of 374 million euros in 2021. Substantial growth followed in 2022 and 2023, with earnings before tax reaching 597 million euros in 2023..
The period of decline in result before tax following 2020 was in the midst of both the COVID-19 pandemic and global semiconductor shortages. It was not only SEAT S.A. that suffered such losses as the number of cars sold worldwide faced a decline during that same period.