TU-TESL

• 22

On July 26, Land Rover, a British luxury car company, announced its second quarter (July September 2019) performance of fiscal year 2019 / 20: ● double growth in revenue and profit: Jaguar Land Rover's global revenue was 6.1 billion pounds, up 8% year-on-year, with a pre tax profit of 156 million pounds. ● significant sales contribution in China: in the second fiscal quarter, Jaguar Land Rover performed strongly in the Chinese market, with a year-on-year growth of 24.3% in quarterly sales, an adverse growth. ● effective implementation of cost reduction and efficiency improvement plan: further implementation of the "project charge" project. As of the second quarter, it has achieved a total of £ 2.2 billion in operational performance improvement. By March 2020, Jaguar Land Rover will achieve the global £ 2.5 billion cost and cash flow improvement target. ● expected full year profit: Jaguar Land Rover achieved an EBIT margin of 4.8% in the quarter, expected to achieve a profit forecast of 3-4% in the full fiscal year, and further improved cash flow. For this quarter's results, Prof Sir Ralf Speth, Jaguar Land Rover's Global CEO, said: "we always believe that efficient operation and business management, award-winning products and innovative technology are the cornerstone of our success. This quarter's profit and revenue growth fully shows that our persistence and efforts have been positively rewarded. " "In the luxury car market, Jaguar Land Rover takes the lead in making the decision of cost reduction and efficiency increase, facing the market challenges directly. The effective implementation of the "project charge" plan has contributed to the further improvement of global performance. In particular, we are encouraged by the remarkable results of a series of improvement measures in the Chinese market. " "Facing the future, we will continue to maintain a strong product offensive, strengthen the exploration and development in the field of automotive electrification, and strive to create a vision of" zero emissions, zero accidents, zero congestion "in the future."