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Williams announces increase in revenue and profits in 2016

Williams has revealed the financial results for its Formula 1 team and overall group for 2016, posting improved revenue and profits. The results of the F1 team were boosted by Williams finishing third in the 2015 constructors’ championship for the second consecutive season. Williams slipped to fifth in the standings in 2016, but commercial rights income is paid a year in arrears. The F1 side of the group generated revenue of £116.7million, up from £101.5m in 2015. Its profit (EBITDA) increased from £0.2m to £12.4m. The overall Williams group – which includes Advanced Engineering and Heritage – saw revenues go from £125.6m in 2015 to...
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