Jaguar Land Rover announces superb second quarter

Jaguar Land Rover PLC announced £431million profit before tax for the second quarter of the 2012/13 fiscal year – a 100 per cent increase on the same period on the last financial year.

The company’s positive figures can largely be attributed to a 29 per cent rise in retail sales volumes, with 84,749 vehicles registered globally. Revenues of more than £3.2billion have been generated, an increase of £373million.

The company expects those figures to increase over the rest of the financial year thanks to the release of the Jaguar XF Sportbrake and the all-new Range Rover. The phenomenal success of the Range Rover Evoque has been a huge contributor to the brand’s remarkable figures.

Commenting on the results, JLR Chief Executive Officer, Dr. Ralf Speth says: “Jaguar Land Rover has delivered another quarter of positive results against a challenging economic backdrop. We continue to see strong sales across all of our key markets.”

“Jaguar Land Rover will continue to invest in its products, plants and will drive further growth by spending in the region of £2bn across the financial year.

“In the third quarter, we will see the first customer deliveries of the all-new Range Rover along with the introduction of the Jaguar XF Sportbrake and all-wheel drive versions of the Jaguar XJ and XF.”

8,000 new jobs have been created at Jaguar Land Rover over the last two years due to huge demand for its vehicles, with the company’s overall investment helping to boost its global growth. 80 per cent of the business is exported, with 85 per cent of its revenue gained from exports.

The popular Range Rover Evoque is available from £29,195.

People interested in buying a new Jaguar model can contact Perrys Huddersfield Jaguar dealership.

Perrys got a sneak peek at the all-new 2013 Range Rover at the Paris Motor Show: