Sales surge drives Jaguar Land Rover to Q1 profit and record free cash flow
Financials at luxury car maker, Jaguar Land Rover (JLR), are improving, helped by an easing in supply chain issues, particularly for micro-chips, better volumes, mix and pricing.
The manufacturer reported first quarter figures for the three months to June 30, 2023, today (July 25) which revealed the group's best first quarter free cash flow on record, at £451m.
Revenues in the first quarter of its 2024 financial year were £6.9bn, up 57% on the same quarter a year ago, with wholesale volumes of 93,253, up 30% year on year.
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