JLR announces its second quarter earnings

Jaguar Land Rover Automotive plc has today reported its second quarter earnings for the 2013/2014 fiscal year. Retail sales in the quarter increased 21% year on year to 102,644 vehicles. This reflects strong demand for the new and refreshed Jaguar and Land Rover line up which was enhanced during this period by Jaguar’s 14MY introductions, the sales debut of the Jaguar F-TYPE and Range Rover Sport and a strong Range Rover performance.

Strong global sales volumes resulted in revenues of £4,612m for the second quarter, up 40% on the same period last year.

Profit before tax increased to £668m for the quarter supported by strong sales.

For the first half of the 2013/2014 fiscal year the company reported retail sales of 197,363, up 16% year on year. Revenues were £8,709m, up 26% year on year and profit before tax was £1,083m, up 42% year on year.

Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth said: "Our unrelenting focus on design, technology, innovation and quality has seen Jaguar Land Rover reach global consumers in more markets than ever before thanks to its most engaging product line-up.

“Our customers are at the heart of everything we do and we remain committed to exceeding expectations and delivering outstanding customer experience in all areas of our business.”