JAGUAR LAND ROVER REPORTS FIRST QUARTER RESULTS FOR 2014/15 FISCALYEAR


Jaguar Land Rover Automotive plc has today reported its first quarter results for the 2014/2015 fiscal year.

 

Retail in the quarter increased 22% year on year to 115,596 vehicles. This reflects solid global demand for the new and refreshed Jaguar and Land Rover line up, particularly for the Range Rover, Range Rover Sport, Range Rover Evoque and the Jaguar F-Type.

 

The strong sales volumes resulted in revenues of £5,353m for the quarter.

 

Profit before tax increased to £924m for the quarter, reflecting the growth in volumes and revenue with strong product and geographic mix. 

 

Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said: "This financial performance reflects Jaguar Land Rover’s award-winning product portfolio.  We are committed to inspire customers with exceptional premium vehicles, delivering the highest standards of quality, technology and customer service.  We delight people with experiences that they will love, for life.”