- Solid third quarter performance
- Retails 111,525 vehicles
- Revenue £5,879 million
- EBITDA £1,096 million. EBITDA margin 18.6 per cent
- Profit Before Tax £685 million
Jaguar Land Rover Automotive plc has today 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.”