Jaguar Land Rover Automotive plc has today reported its third quarter results for the 2014/2015 fiscal year.
Retails of 111,525 vehicles in the quarter generated £5,879 million of revenue, up £551 million compared to a year ago.
Earnings Before Interest, Taxes, Depreciation and Amortisation(EBITDA) were £1,096 million for the quarter, up £79 million from a year ago with an EBITDA margin of 18.6 per cent, in line with increased revenue.
Profit Before Tax was £685 million for the quarter, down £157 million on the prior year due to the effect of unfavourable revaluation of foreign currency debt and hedges, as well as higher depreciation and amortisation. In the fiscal year‑to‑date Profit Before Tax was £2,218 million, £293 million up on the previous year.
Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said: "This quarter has seen robust financial performance, further underpinning our on‑going investment in new product creation, capital expenditure and our international expansion strategy. With the official opening of new world‑class facilities in China and UK and the start of construction in Brazil, Jaguar Land Rover is well‑positioned to deliver more great vehicles to our customers globally."
ENDS