- Strong First Quarter Performance
- Retails 94,719 up 10%
- Revenues £4,097m, up 13%
- Profit before tax £415m, up 25%
- Strong demand for the Jaguar and Land Rover range, including the new F‑TYPE and all‑new Range Rover
Jaguar Land Rover Automotive plc has today reported revenues of £4,097m for the first quarter of the 2013/2014 fiscal year, up 13% on the same period last year. (£3,638m in Q1 2012/2013).
Retail sales increased 10% year on year to 94,719 vehicles, reflecting strong demand for all Jaguar and Land Rover product offerings. The company generated positive sales growth in all regions: Asia Pacific up 37%, the UK up 13%, China up 11%, North America up 10%, Europe up 3%, and other overseas markets up 11%.
Profit before tax increased year on year by 25% to £415m for the quarter (£333m last year).
Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said: "The result for the first quarter demonstrates that our full range of new and upgraded products is exciting our customers.
"Our focus is to put our customers at the very heart of everything we do. With our appealing British led design and innovative engineering, we remain committed to exceeding customer experiences in all areas of our business".
Ends
Notes to editors:
Jaguar Land Rover:
- Jaguar Land Rover has been named Responsible Business of the Year by Business in the Community (BITC).
- Jaguar Land Rover has ambitious plans for sustainable growth and profitability.
- In 2012, Jaguar Land Rover sold 357,773 vehicles, up 30%
- Jaguar Land Rover will invest circa £2.75bn in its products and facilities in the financial year to March 2014.
- Jaguar Land Rover is one of the UK's largest exporters by value (£11bn in 2011/2012 Fiscal Year) and generates in the region of 85% of its revenue from exports.
- In the 12 months to 31 March 2013, Jaguar Land Rover generated profit before tax of £1.675bn with revenues of £15.8bn.
Ken McConomy,
Head of Corporate Relations
M: +44 7714 725 236
E: kmcconom@jaguarlandrover.com
Nicola Rzeznik,
Senior Communications Officer
T: + 44 (0) 2476 564 252
E: nrzeznik@jaguarlandrover.com