- Profit before tax of £404m and increased revenues of £3.8bn for the quarter
- 88,658 vehicles sold in the quarter (up 14%)
- Profit before tax of £1.2bn for the 9 months ended 31st December (up 20%)
- Continued investment in new products and technologies
- Successful new $500m 10 year bond issue in January
Coventry: Jaguar Land Rover Automotive plc has today reported pre‑tax profits of £404m for the three months to the end of December 2012. For fiscal year to date, Jaguar Land Rover reported pre‑tax profits of £1.2bn, up 20% compared to the same period last year.
The third quarter results reflect a 14% increase in retail sales volumes (88,658 vehicles in total) globally. The company generated revenues of over £3.8bn during the quarter and £10.7bn in the fiscal year to date (an increase of £1.4bn).
Commenting on the results, Ken Gregor, Jaguar Land Rover Chief Financial Officer said: "Jaguar Land Rover has produced another solid set of results supported by the continued success of the Range Rover Evoque, launch of the all‑new Range Rover and further growth in China and other markets. We continue to invest in new products and technologies to support our aim of profitable volume growth".
ends
Notes to editors:
- In 2012, Jaguar Land Rover sold 357,773 vehicles, up 30% on the previous year.
- In January 2013, Jaguar Land Rover sold 34,877 vehicles, up 32% on the same period last year.
- Jaguar Land Rover has ambitious plans for sustainable growth and profitability.
- Jaguar Land Rover employs 25 000 people and sells vehicles in 180 countries around the world.
- Jaguar Land Rover has created almost 9,000 new jobs in the last two years to support its ambitious investment and growth plans (including: 1,100 at Castle Bromwich, 1,800 at Solihull, 1,000 at Halewood and 1,000 engineers)
- One of the UK's largest exporters by value (£8.2bn in 2011) and generates in the region of 85% of its revenue from exports.
- 12 months to 31 March 2012, JLR generated PBT of £1.5bn with revenues of £13.5bn.
- Jaguar Land Rover has committed to investing circa £2bn in its products and facilities in the fiscal year to the end of March 2013.
For further information, contact the Corporate PR Team:
Ken McConomy, Head of Corporate Relations
M: +44 7714 725 236 E: kmcconom@jaguarlandrover.com
Lisa Palmer, Senior Communications Officer
M: + 44 (0) 7557 540611 E: lpalmer1@jaguarlandrover.com