Williams looks beyond Formula One for revenue growth
Tuesday 11 September 2012
Related articles
It may have toiled on the track this year, but Williams Grand Prix has taken the chequered flag by driving a sharp uplift in its first half profits.
The UK-based group, whose Formula One drivers are Pastor Maldonado and Bruno Senna, has diversified away from its reliance on Grand Prix by striking deals with car makers, such as Jaguar, to sell them its energy efficiency and safety technology.
Williams grew its net profits from £1.9m to £6.6m over the six months to 30 June, although this was inflated by a one-off payment from the terms of renewing its participation in F1. Turnover jumped by 57 per cent to £73m.
Williams is languishing in eighth place in the constructors' championship, although Maldonado won the Spanish Grand Prix in May.
Alex Burns, the chief executive, said: "We have made a step forward in Formula One this season and expect this upward trend to continue into next season." He added: "These results also validate our long-term business plan … Our core business is now generating strong revenue figures from projects outside of Grand Prix racing."
-
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
-
World news in pictures
-
British man confesses to slitting his two children's throats in Lyon flat
-
'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
-
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
- 1 Heading for America? Prepare for the longest US immigration queues ever
- 2 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
iJobs Money & Business
Fidessa Analyst / PM - Banking - London - £600pd
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
Sourcing Manager - Banking - London - £500pd
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
School Finance Assistant (part-time, term-time only)
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
Java Developer - Munich OR Milian
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...
Day In a Page
The price of pacifism
Jason Isaacs: Groupies, theatre bores and James Bond
Sealand: 'Micronation' or illegal fortress?
Legend of James Hunt has set Hollywood hearts racing
Macklemore: 'I don't have moderation'
Don't be shy: Bill Granger's Sri Lankan recipes
Gordon Ramsay's worst nightmare: A restaurant he cannot save



Comments