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Jaguar Land Rover Reports First Quarter Results For Fiscal 2015/16

7 August 2015

Jaguar Land Rover Automotive plc today reported its results for the three‑month period to 30th June, 2015.

  • Solid first quarter performance
  • Retail unit sales of 114,905 vehicles
  • Revenues of £5.0 billion
  • EBITDA £821 million
  • EBITDA margin 16.4%
  • Profit Before Tax £638 million

Whitley, Coventry ‑ 7th August, 2015:  Jaguar Land Rover Automotive plc today reported its results for the three‑month period to 30th June, 2015.       

Retail unit sales of 114,905 vehicles were broadly in line with the prior year's record first quarter.  Strong growth in the UK, mainland Europe and North America offset slower sales in China, with total revenue of £5.0 billion, down £351 million compared to a year ago. 

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter were £821 million (EBITDA margin of 16.4%) and Profit Before Tax was £638 million, down £266 million and £286 million respectively from a very strong quarter a year ago.  The year‑on‑year change primarily reflects the weaker sales mix. 

Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr Ralf Speth said:  "We have delivered solid financial earnings in this quarter despite a challenging macro‑economic environment, particularly in China. These results are a testament to our balanced market presence in five international regions.  Demand for our premium vehicles remains encouraging, fully justifying our continued strategy of investing in world‑class technologies, manufacturing facilities, skilled employees and services, ensuring that Jaguar Land Rover puts customers first in every part of the business."

ENDS

Further information

Ken McConomy, Head of Corporate Relations:  +44 7714 725 236 E:  kmcconom@jaguarlandrover.com

 Joan Chesney, Senior Communications Officer:  +44 7467 448 229 E:  jchesney@jaguarlandrover.com

Notes to Editors

  • Over the past five years, Jaguar Land Rover has doubled sales and employment, more than tripled turnover, and invested more than £10 billion in new product creation and capital expenditure;
  • With a balanced regional distribution of sales, Jaguar Land Rover retailed 462,209 vehicles in Fiscal 2014 /15, 6.4% up on the previous year.  Of that, Jaguar sold 76,930 vehicles and Land Rover sold 385,279 vehicles;
  • For Fiscal 2014 / 15, Jaguar Land Rover reported full year revenue of £21.9 billion, EBITDA of £4.1 billion and Profit Before Tax of £2.6 billion;
  • Jaguar Land Rover will invest £3.5 billion in its products and facilities in Fiscal 2015 /16;
  • The company plans 50 product actions over the next five years, of which 12 will be in 2015;
  • Jaguar Land Rover is one of the UK's largest exporters and generates over 80% of its revenue from exports.
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