cyberattack Costs Jaguar Land โRover โขOver ยฃ1 โBillion, Nitra Plant Impacted
WHITLEY, UK – A recent cyberattack has shakenโข Jaguar Land Roverโ (JLR), costingโข the automaker more than ยฃ1.15 billion (โฌ1.3 billion) โand โdisrupting production atโ facilities including itsโฃ Nitra, Slovakia plant. The incident underscores the vulnerability of modern automakers too digital threats,even amidst record financialโ performance.
JLR reported record fiscal year 2024 โresults (April 2023 – March 2024),โ with sales reaching โฃยฃ29 billionโข (โฌ33.4 billion),โฃ aโข 27% year-over-year increase. Operating profit before tax climbed to a record ยฃ2.2 โคbillionโฃ (โฌ2.53 billion). โขTheโค fiscal year โฃ2025 โalso began strongly, with ยฃ7.9 billion (โฌ9.1 billion) in salesโฃ and a net profit โof โยฃ430 million (โฌ495 million) in โthe first quarter (April-June 2024). However, the cyberattack has cast a shadow โover this โsuccess, highlighting the fragility of โtheโ companyS position despite its financial strength.
Theโ attack paralyzed production across British and โขinternational plants, โคincluding Nitra. While JLR has reduced its debt and โis investingโ in electrification, analysts warn the company remains susceptible to external disruptions – from supply chain issues to technological attacks and slowing global โdemand.The incident serves as aโฃ stark โreminder of these risks.
The financial impact comes as JLR navigates a โimportent brand divergence. Land Rover continues toโค drive โคrevenue,while โJaguar undergoes a major transformation,having halted โฃproduction of all existing models and selling only remaining stock. Jaguar sales for fiscal yearโ 2024 totaled approximately 58,000 vehicles, a small โfraction of โคLand Rover’s volume, representing โคless than 10% of โขtotal JLR revenue and a โฃdecreasingโค share.
In โtheโ firstโ half of 2025, JLR’s โคsales reached โฌ18.2 billion (โฌ15.8 billion) with a net profit of ยฃ989 million (โฌ860 million). The company’s future hinges on navigating these challengesโ -โฃ maintaining Land Rover’s momentum, successfully reinventing Jaguar, and bolstering its cybersecurity defenses.
