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P3 leads to improved Williams financial results
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Williams has turned a £31.5million loss in to a £0.2m profit for its F1 operations as a result of increased on-track performance. Following declining results prior to 2014, Williams has finished third in the constructors' championship on the last two occasions. With commercial rights payments coming a year in arrears, the team saw the benefit of its 2014 performance when announcing its 2015 annual results, which saw F1 revenues up from £70.2m to £101.5m, resulting in a profit of £0.2m (EBITDA). The Williams Group revenue increased from £90.2m in 2014 to £125.6m, while EBITDA improved from a loss of £37.0m to a loss of £3.3m in 2015. Williams put the core of...
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