Jaguar Land Rover announces record results

JAGUAR Land Rover has announced record trading results with annual sales up 22% and pre-tax profit rising 11%.

The Indian-owned firm said revenues had reached £15.8bn for the fiscal year ended March 31, 2013, (2012: £13.5bn), based on sales of 374,636 vehicles.

The company has attributed the performance to strong global sales of 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 to £1,675m for the year (2012: £1,507m).

Commenting on the results, JLR Chief Executive Officer, Dr Ralf Speth said: “The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world.

“During this period Jaguar Land Rover unveiled major new products, the all-new all aluminium Range Rover and the Jaguar Sportbrake, the AWD XF and AWD XJ and the stunning F-Type.

“Jaguar Land Rover invested significantly in the product creation process, in our advanced manufacturing sites and created more than 3,000 jobs. This commitment is set to continue with a sustained programme of investment which will see us spend in the region of £2.75bn on new product, people and infrastructure in the year to March 2014.”

The global sales break down as:

Europe:     80,994, up 18%
China:       77,075, up 48%
UK:     72,270, up 20%
North America:     62,959, up 9%
Asia Pacific:     17,849, up 27%
Overseas:     63,489, up 19%

Total:    374,636, up 22%