JLR reports full year results

Jaguar Land Rover Automotive plc has reported its full year results for the 12-month period to March 31, 2015. The company delivered its fifth successive year of solid growth, robust financial results and continuous investment in its future.

With a balanced regional distribution of sales, retails of 462,209 vehicles in the fiscal year supported £21,866m of revenue, up £2,480m compared to the prior 12-month period.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased to £4,132m, up £739m on the previous year, equivalent to an EBITDA margin of 18.9%, up 1.4 percentage points.

Profit Before Tax was £2,614m for the year, up £113m on the prior year reflecting the higher EBITDA and lower net finance expense, partially offset by the effect of unfavourable revaluation of foreign currency debt and hedges, as well as higher depreciation and amortisation.

Capital Expenditure and Research and Development investment for the year was £3,147m.

Commenting on the results and the company’s plans, Jaguar Land Rover chief executive officer, Dr Ralf Speth said, ‘Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. This has positioned the company strategically and financially for continued sustainable growth. The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint. We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.’