Jaguar Land Rover

Jaguar Land Rover Reports Quarter One Earnings For 2013/14 Fiscal Year


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".