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Williams reports significant improvement in annual results
Williams Grand Prix Holdings PLC announced the Group’s financial results for the year ended 31 December 2015. WGPH is the holding company of the Williams group of companies, which includes Williams Grand Prix Engineering Limited. Group revenue increased from £90.2m in 2014 to £125.6m last year. EBITDA improved from a loss of £37.0m in 2014 to a loss of £3.3m in 2015. The Group generated operating free cash flow of £2.7m for the full year. The increase in revenue is primarily due to increased commercial rights and sponsorship income following a significant improvement in on-track performance during the 2014 Formula One season. The Formula One business generated revenues of £101.5m...
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