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Williams suffers big financial loss in first half of 2019

Williams Grand Prix Holdings, the public entity and holding of the Williams group of companies, endured a financial loss of £18.8m in the first six months of 2019, mainly as a result of its dismal 2018 season. Williams' F1 team has unfortunately continued its downward spiral started in 2018 and the collapse has hit the company's top and bottom line. At £77.8m, group revenue was lower in the first six months of 2019 compared to the £82.6m generated in the same period last year. Earnings before interest, tax, depreciation and amortization (EBITDA) widened to a loss of £18.8m from £2.7m in the prior year. 'Fewer races would increase demand,' suggests Claire Williams Unsurprisingly, as it...
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