- Profit before tax of £404m and increased revenues of £3.8bn for the quarter
- 88,658 vehicles sold in the quarter (up 14%)
- Profit before tax of £1.2bn for the 9 months ended 31st December (up 20%)
- Continued investment in new products and technologies
- Successful new $500m 10 year bond issue in January
Jaguar Land Rover Automotive plc has today reported pre-tax profits of £404m for the three months to the end of December 2012. For fiscal year to date, Jaguar Land Rover reported pre-tax profits of £1.2bn, up 20% compared to the same period last year. The third quarter results reflect a 14% increase in retail sales volumes (88,658 vehicles in total) globally. The company generated revenues of over £3.8bn during the quarter and £10.7bn in the fiscal year to date (an increase of £1.4bn).
Commenting on the results, Ken Gregor, Jaguar Land Rover Chief Financial Officer said: “Jaguar Land Rover has produced another solid set of results supported by the continued success of the Range Rover Evoque, launch of the all-new Range Rover and further growth in China and other markets. We continue to invest in new products and technologies to support our aim of profitable volume growth”.
- In 2012, Jaguar Land Rover sold 357,773 vehicles, up 30% on the previous year.
- In January 2013, Jaguar Land Rover sold 34,877 vehicles, up 32% on the same period last year.
- Jaguar Land Rover has ambitious plans for sustainable growth and profitability.
- Jaguar Land Rover employs 25 000 people and sells vehicles in 180 countries around the world.
- Jaguar Land Rover has created almost 9,000 new jobs in the last two years to support its ambitious investment and growth plans (including: 1,100 at Castle Bromwich, 1,800 at Solihull, 1,000 at Halewood and 1,000 engineers)
- One of the UK’s largest exporters by value (£8.2bn in 2011) and generates in the region of 85% of its revenue from exports.
- 12 months to 31 March 2012, JLR generated PBT of £1.5bn with revenues of £13.5bn.
- Jaguar Land Rover has committed to investing circa £2bn in its products and facilities in the fiscal year to the end of March 2013.
