Jaguar Land Rover says Q3 oper margin to fall, capex to rise in FY14

Newswire

Jan 23 (Reuters) - Jaguar Land Rover (JLR) is likely to report a lower EBITDA margin in the October-December quarter compared with the previous two quarters, the company said on Wednesday, due to exchange rate fluctuations and a higher mix of Evoque sales. JLR's capital expenditure will rise to 2.75 billion pounds ($4.36 billion) in the fiscal year that begins in April, up from 2 billion pounds in the current year, the company said in a statement, adding that free cash flow ...

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