Wednesday, 29 May 2013
JLR beats last year’s sales
JaguarLandRover Automotive plc (JLRA) has reported revenues of £15.8bn for the fiscal year ended 31st March 2013, up 17% year on year (£13.5bn last year).
Retail sales increased 22% to 374,636 vehicles, supported by significant product actions including the all-new Range Rover, Jaguar all-wheel drive XF and XJ and the XF Sportbrake.
The company generated positive sales growth in all regions: China up 48%, Asia Pacific up 27%, UK up 20%, Europe up 18%, North America up 9% and other overseas markets up 19%.
Profit before tax increased by 11% to £1.675bn for the fiscal year (£1.507bn last year).
Commenting on the results, JLR chief executive officer, Dr. Ralf Speth said: "
Dr. Speth continued:
The company is one of the UK's largest exporters by value (£8.2bn in 2011) and generates in the region of 85% of its revenue from exports.
The figures might leave Ford Motor Company executives asking: "Where did we go wrong?" ∎