The cyber attack on Jaguar Land Rover (JLR), which halted production for nearly six weeks at its sites, cost the company roughly £200m, it has been revealed.
Latest accounts released on Friday showed “cyber-related costs” were £196m, which does not include the fall in sales.
Profits took a nose dive, falling from £398m a year ago to a loss of £485m in the three months to the end of September.
Revenues dropped nearly 25% and the effects may continue as the manufacturing halt could halt sales in the latter half of the month.
The impact of the shutdown also impacted factories across the car-making supply chain.
The production pause was a large contributor to a contraction in UK economic growth in September, official figures showed.
The company said operations were “pretty much back running as normal” and plants were “at or approaching capacity”.
Investigations are underway into the attack, with law enforcement in “many jurisdictions” involved, the company said.
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