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Williams report increased revenues despite worst season
The Williams Formula 1 team reported increased revenues in 2018, boosted by an unspecified one-off item, despite enduring one of their worst seasons ever in the top flight. The British-based team, the third most successful in the sport’s history in terms of wins, said on Friday that financial performance had improved across both Formula 1 and Williams Advanced Engineering. Group revenue increased to 176.5 million pounds, from a previous 166.2 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) were 12.9 million, up from 10.8 in 2017. The Formula One business generated revenue of 130.7 million pounds, compared to a previous 125.6 million, with EBITDA unchanged...
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