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RRS First Edition P530 23MY 070922 10

By Jordan Aquistapace –  November 02, 2023

Jaguar Land Rover Reports Record Q2 Revenue With A Robust...

Jaguar Land Rover (JLR) has recently shared a remarkable financial report for Q2 FY24, showcasing sustained upward momentum with a revenue leap to $8.4 billion, a 30% year-over-year increase. The impressive figures reflect the British automaker's strength and stability, marking a 42% surge in six-month revenues to a record $16.2 billion, compared to last year's $11.8 billion. This substantial revenue boost comes thanks to the ease of supply conditions, enabling a 29% rise in vehicle deliveries and a favorable sales mix. The quarter's profitability mirrored this positive trajectory, flipping a past loss to a pre-tax profit of $538 million, with an EBIT margin soaring to 7.3%. Profit after tax proved strong at $331 million, demonstrating the brand's turnaround from previous downturns. JLR's strategic financial management was further highlighted by a successful $365 million free cash flow and a proactive debt reduction, showcased by a significant bond buyback move. JLR's order book remains packed with over 168,000 client orders, primarily driven by high demand for luxury models like the Range Rover, Range Rover Sport, and the iconic Defender, which jointly contribute to 77% of total orders. With anticipations set for a gradual rise in H2 FY24 production volumes, JLR projects its commitment to surpass $2.4 billion in free cash flow and taper net debt to below $1.2 billion by the end of FY24. View all Jaguar and Land Rover models currently for sale on duPont REGISTRY by clicking the link below. View All Jaguar For Sale View All Land Rover For Sale Source: Jaguar Land Rover

By Jordan Aquistapace –  October 06, 2023

Jaguar Land Rover Reports A 29% Sales Surge Over Last Yea...

The most profitable Range Rover, Range Rover Sport and Defender models accounting for 77% of the orders. Jaguar Land Rover (JLR) has started this fiscal year with a bang, revealing encouraging numbers for the second quarter of FY24, which ended on 30th September 2023. A significant boost in sales volume highlights JLR's ongoing success, largely thanks to improvements in the manufacturer's supply chain, enabling them to get more vehicles into the hands of eager customers. During this period, JLR witnessed wholesale volumes of 96,817 units, marking a 29% jump from the same quarter of the previous year. Even more impressive, this figure represents a 4% growth from the quarter ending in June 2023, despite a regular two-week summer plant hiatus. Additionally, JLR's first-half wholesale volumes reached an impressive 190,070, showing a consistent 29% growth year-on-year. On the retail front, they recorded sales of 106,561 units for Q2, a 21% increase from the previous year. It's worth noting the geographical spread of this growth too, with overseas sales growing by a whopping 56%. This is followed by North America at 32%, Europe at 16%, the UK at 9%, and China, with a 7% boost. Boasting 168,000 client orders by the end of Q2, JLR's popular models, the Range Rover, Range Rover Sport, and Defender, made up a significant 77% of these orders. As we anticipate the full financial results from JLR at the start of November, a sneak peek indicates a promising positive free cash flow of approximately £300 million for Q2 FY24. View all Jaguar Land Rover vehicles currently for sale on duPont REGISTRY by clicking the link below. View All Jaguar For Sale View All Land Rover For Sale Source: Jaguar Land Rover (JLR)

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