Luxury car group motoring after record financial results in an improving market
A record year for luxury car maker, Jaguar Land Rover (JLR) has seen it rack up annual revenues of £29bn, a 27% improvement on the previous year, as well as record fourth quarter sales of £7.9bn, respectively.
The car maker achieved a £2.2bn pre-tax profit, its highest since 2015, in the year to March 31, 2024.
Free cash flow hit £892m for the fourth quarter, and a record £2.3bn for the full year, while net debt was reduced to £700m.
The Indian-owned manufacturer has production plants at Halewood in Merseyside and Solih... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
