Jaguar Land Rover reports third quarter results for 2014/2015 fiscal year

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Whitley, England, 5 February 2015 —— Jaguar Land Rover Automotive plc has reported its third quarter results for the 2014/2015 fiscal year.

Retails of 111,525 vehicles in the quarter generated £5,879 million of revenue, up £551 million compared to a year ago.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) were £1,096 million for the quarter, up £79 million from a year ago with an EBITDA margin of 18.6 per cent, in line with increased revenue.

Profit Before Tax was £685 million for the quarter, down £157 million on the prior year due to the effect of unfavourable revaluation of foreign currency debt and hedges, as well as higher depreciation and amortisation.  In the fiscal year-to-date Profit Before Tax was £2,218 million, £293 million up on the previous year.

Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said: “This quarter has seen robust financial performance, further underpinning our on-going investment in new product creation, capital expenditure and our international expansion strategy.  With the official opening of new world-class facilities in China and UK and the start of construction in Brazil, Jaguar Land Rover is well-positioned to deliver more great vehicles to our customers globally.”

[Source : Jaguar Land Rover]

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