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Williams F1 team posts larger profits for first half of 2017
The Williams F1 Team has posted a larger profit for the opening six months of the year compared to the same period during 2016. The overall Williams Grand Prix Holdings Group, which includes the F1 team and other business operations, had revenues of £85.9 million between January and June, an increase of £5.9m compared to 2016, whilst EBITDA (earnings before interest, tax, depreciation and amortisation) grew by £2.6m to £10.4m. The F1 business generated improved revenues of £65.5m (£51.3m in 2016), with an EBITDA of £10.1m – up from £4.1m in 2016. Group chief executive Mike O'Driscoll put this increase down to...
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6y ago from MotorsportWeek.com
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