Jaguar Land Rover Automotive has reported strong results in its second quarter financial results for the 2014/2015 fiscal year.
Retails in the quarter increased 8% year-on-year to 110,781 vehicles, reflecting continuing strong global demand for the Jaguar and Land Rover line up, particularly the Range Rover, Range Rover Sport and the Jaguar F-Type. The sales volumes generated GBP4.81bn (US$7.53bn) of revenue in the quarter, up GBP196m year compared to a year ago.
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Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) were GBP933m for the quarter, up GBP124m from a year ago with an EBITDA margin of 19.4%, reflecting the strong sales and favourable product and market mix. Profit Before Tax was GBP609m, down GBP59m, due to the effect of revaluation of foreign currency debt and hedges.
Commenting on the results, Jaguar Land Rover chief executive officer, Dr. Ralf Speth said, “Jaguar Land Rover continues to deliver solid performance and invest in its sustainable future to deliver to its customers special products and experiences that they love for life. These include our latest two landmark models that go on sale in 2015: the breakthrough mid-sized Jaguar XE sports saloon and the highly versatile Land Rover Discovery Sport compact premium SUV.”
See also: INDIA: Tata Motors revenues up 6.5% to US$9.82bn in Q2/FY2015
