- Record sales, revenues and profits
- Retails 374,636, up 22%
- Revenues $23.8 billion, up 17%
- Profit before tax $2,532 million, up 11%
- Successful launches of all‑new Range Rover, Jaguar XF Sportbrake and new AWD XF and AWD XJ and several engine derivatives
(COVENTRY, UK) ‑ May 29, 2013 ‑Jaguar Land Rover has today reported revenues of $23.8 billion for the fiscal year ended March 31, 2013, up 17% year on year ($20.4 billion last year).
Retail sales increased 22% to 374,636 vehicles, supported by significant product actions including the all‑new Range Rover, Jaguar all‑wheel drive XF and XJ and the XF Sportbrake. The company generated positive sales growth in all regions: China up 48%, Asia Pacific up 27%, UK up 20%, Europe up 18%, North America up 9% and other overseas markets up 19%.
Profit before tax increased by 11% to $2,532 million for the fiscal year ($2,273 million last year).
Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said, "The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world.
"During this period Jaguar Land Rover unveiled major new products, the all‑new all aluminum Range Rover and the Jaguar Sportbrake, the AWD XF and AWD XJ and the stunning F‑TYPE."
Dr. Speth continued, "Jaguar Land Rover invested significantly in the product creation process, in our advanced manufacturing sites and created more than 3,000 jobs. This commitment is set to continue with a sustained program of investment which will see us spend in the region of $4.07 billion on new product, people and infrastructure in the year to March 2014."
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Notes to editors:
Jaguar Land Rover 2012/13 Fiscal Year Retail Sales:
TOTAL 374,636 up 22%
Europe 80,994 up 18%
China 77,075 up 48%
UK 72,270 up 20%
North America 62,959 up 9%
Asia Pacific 17,849 up 27%
Overseas 63,489 up 19%
About Jaguar Land Rover
• Jaguar Land Rover is the UK's largest automotive manufacturing business built around two iconic British car brands with a rich heritage and powerful consumer appeal and loyalty. Additionally, Jaguar Land Rover is at the centre of the UK automotive industry's drive to deliver technical innovation in all areas of vehicle development.
• As the UK's largest automotive employer, JLR has a world class team of nearly 25,000 people.
• In the 2011/12 fiscal year, JLR achieved record profits of £1.5 billion, an increase of £392m when compared to the previous year.
• Jaguar Land Rover is the largest investor in automotive R&D and engineering in the UK.
• Jaguar Land Rover has two state of the art engineering and design facilities and three advanced manufacturing plants in the UK.
• Headquartered in Mahwah, New Jersey in the United States, Jaguar Land Rover North America, LLC has offices across the USA and Canada and is represented by more than 330 retail outlets.