Jaguar Land Rover reports 8% growth in Q2 results
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 £4,808 million of revenue in the quarter, up £196 million year compared to a year ago.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) were £933 million for the quarter, up £124 million 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 £609 million, down £59 million, due to the effect of revaluation of foreign currency debt and hedges.
Commenting on the results, Jaguar Land Rover Chief Executive Officer, 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.”
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