Image
Jaguar Land Rover Reports Best Ever October Sales Performance
Download

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

6 November 2015

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

  • Retail unit sales of 110,200 vehicles
  • Revenues stable at £4.8 billion
  • EBITDA of £589 million
  • EBITDA margin 12.2%
  • Profit Before Tax £88 million (before exceptional charge of £245 million)

Whitley, Coventry ‑ 6th November, 2015:  Jaguar Land Rover Automotive plc today reported its results for the three‑month period to 30th September, 2015.       

Retail unit sales of 110,200 vehicles were broadly in line with the prior year's record second quarter.  Strong demand in the UK (up 9% year‑on‑year), mainland Europe (up 34%) and North America (up 23%) ‑ particularly for the new Land Rover Discovery Sport and Jaguar XE ‑ helped offset weaker sales in China and emerging markets. As a result, total revenues were stable at £4.8 billion, up 0.5% on the same period of Fiscal 2014/15. 

Earnings Before Interest, Taxes, Depreciation and Amortisation(EBITDA) were £589 million, representing an EBITDA margin of 12.2% for the quarter.

Dr Ralf Speth, Jaguar Land Rover Chief Executive Officer, said:  "Jaguar Land Rover has reported underlying earnings of almost £600 million in a challenging quarter.  We are continuing to execute on our sustainable growth strategy despite headwinds caused by currency fluctuations, an exceptional charge and softening of the Chinese market.  Indeed, over half of our range transitioned to all‑new or model‑year upgrades during the period, including the new Jaguar XE, XF and XJ as well as the Land Rover Discovery Sport and the Range Rover Evoque.

"This should position the company to deliver a solid second half and we remain committed to the ongoing expansion of our portfolio to meet global demand for our Jaguars and Land Rovers."

For the three months ending 30th September, Profit Before Tax was £88 million before a £245 million exceptional charge for damages to around 5,800 vehicles at the Chinese port of Tianjin, the site of a major industrial explosion in August this year.

Ends

Further information

Media contacts

Ken McConomy: +44 7714 725 236 /  kmcconom@jaguarlandrover.com

Joan Chesney: +44 7467 448 229 /  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 £11 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;
  • Jaguar Land Rover will invest over £3 billion in its products and facilities in Fiscal 2015 /16;
  • The company plans 50 product actions over the next five years;
  • Jaguar Land Rover is one of the UK's largest exporters and generates over 80% of its revenue from exports;
  • 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;
  • For the first half of Fiscal 2015 / 16, Jaguar Land Rover reported revenue of £9.8 billion, EBITDA of £1.4 billion and Profit Before Tax of £726 million (before exceptional items of £245 million).
Previous
Next