2022 land rover range rover sport1/17/2024 ![]() ![]() The order book remained strong with about 200,000 client orders at quarter end, down from a peak of about 215,000 in Q3 FY23, as anticipated, reflecting higher retails and fulfilled orders this quarter. Compared to the prior year, wholesale volumes were higher in all markets led by Overseas (+62%), UK (+24%), Europe (+22%), China (+17%) and North America (+2%). Wholesale volumes for the fourth quarter were 94,649 units (excluding the Chery Jaguar Land Rover China joint venture), up 19% compared to the prior quarter ending 31 December 2022 and 24% compared to the same quarter a year ago. The improved results in the quarter reflect a significant improvement in volumes as chip constraints have continued to ease. Total liquidity was at £5.3 billion including the £1.52 billion undrawn revolving credit facility. The loss after tax for the full year was £(60) million, £762 million better than a year ago.Īs a result of the strong cashflow, net debt reduced to £3.0 billion with cash of £3.8 billion, even after repaying about £0.9 billion of debt in Q4. Profit before tax and £161 million of favourable exceptional items was a loss of £(64) million, £348 million better than a year ago. Free cash flow was £815 million in Q4 FY23, up from £340 million in Q4 FY22.įor the full year (FY23), free cash flow was £521 million with a positive EBIT margin of 2.4%, compared to negative cash flow and EBIT margin in FY22. Profit after tax in the quarter was £259 million, up from a loss of £(95) million in Q4 FY22. The higher profitability reflects increased wholesale volumes with favourable mix, pricing and foreign exchange revaluation offset partially by higher inflation and supplier claims largely related to volume constraints in the year. Profit before tax and exceptional items in the quarter was £368 million, up from a profit of £9 million a year ago with a positive EBIT margin of 6.5%, up from 2.0% in Q4 FY22. Q4 FY22, reflecting strong model mix and pricing, as the production ramp up of the New Range Rover and New Range Rover Sport continued with 33k units wholesaled in the quarter, up from 27k in Q3. Revenues in Q4 FY23 were £7.1 billion, up 28% vs. Gaydon, UK, : JLR again delivered on its targets and achieved positive free cash flow and profitability in Q4 as chip supply constraints continued to ease. Jaguar Land Rover Automotive plc today reported its financial results for the three months to 31 March 2023 (Q4 FY23) and for the fiscal year ending 31 March 2023 (FY23). Refocus transformation programme exceeded the full year target with £1.1 billion of savings this financial year.Reimagined Defender goes from strength to strength as our best-selling model in FY23. ![]() First of three reimagined modern luxury electric Jaguars will be a 4-door GT, built in Solihull, UK, to be unveiled in 2024.First pure electric Range Rover will be available for pre-order later this year.New Range Rover Sport SV to be revealed and being offered on an invitation basis to select clients this month.Announced House of Brands strategy to amplify our brands: Range Rover, Defender, Discovery, and Jaguar, with Land Rover as a trust mark, visible on our vehicles, websites, social media and retail sites.New partnership with Tata Technologies to achieve faster time to market though new cloud technologies.Opened further three global tech hubs to develop autonomous technologies as part of NVIDIA partnership.Over 11,300 employees and partners reskilled for electrification with a further 11,625 in training now.JLR’s Halewood plant in the UK will become an all-electric manufacturing facility.Investment of £15bn over five years in JLR’s electrification and digital transformation:. ![]()
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