News Details
McLaren Group reveals 61 per cent revenue reduction
McLaren Group has posted a substantial year-on-year reduction
in revenue for the first quarter, with its Formula 1 team also suffering,
ostensibly due to the coronavirus pandemic. McLaren Group is composed of Automotive, Applied and Racing,
with its Formula 1 team operating in the latter of the three. The Group revenues for Q1 2020, released on Thursday, stand
at £109m, a reduction on £284 compared to the same period in 2019. ADVERTISEMENT Its reported EBITDA now stands at -£81m, down from £22m while post-tax losses increased from £20m to £110m. Related Posts Dutch Grand Prix return pushed back until 2021 May 28, 2020 McLaren braced for painful restructuring amid cost cap May...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
McLaren Group records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first...
5y ago from GPFans.com
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
5y ago from FormulaSpy.com
McLaren to lay off 1200 employees amid pandemic crisis
The McLaren Group is set to part ways with 1200 members of its staff from...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Winners and losers from MotoGP's Austrian Grand Prix
No description available...
9m ago from Motorsport.com
Pecco Bagnaia demands answers from Ducati: “I’m...
No description available...
17h ago from Motorsport.com
Marc Márquez reigns supreme in Austria with...
t;li>Marc Márquez takes 142-point lead over brother AlexWins sixth GP...
17h ago from TheGuardian.com
Marc Marquez makes it six in a row with victory in...
Marc Marquez continued his dominance with a sixth consecutive win,...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
1d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
3d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
6d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
3d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
4d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
5d ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“Could solve a lot of problems” - Micah Richards...
Micah Richards has urged Arsenal to further strengthen their attack...
59m ago from SportsKeeda.com
“The rest of the team doesn’t understand him” -...
Former Chelsea defender Frank Leboeuf has warned Arsenal regarding their...
2h ago from SportsKeeda.com
“This is the Premier League, no Portuguese league”...
Arsenal icon Freddie Ljungberg has backed new signing Viktor Gyokeres to...
39m ago from SportsKeeda.com
Sources: Man City plot 100 million move for player...
The transfer market could be set for a major shake-up, with Manchester...
3h ago from CaughtOffside.com
Comments
Hottest News
Ferrari legend urges Hamilton to hold on: ‘It’s not...
As Lewis Hamilton grapples with a challenging... Read More »
59m ago from F1i.com
McLaren star delivers cryptic response to Cadillac transfer...
As speculation continues to mount over what the... Read More »
2h ago from GPFans.com
Lewis Hamilton dealt fresh blow as fate sealed over failed...
One of seven-time F1 champion Lewis Hamilton's... Read More »
1h ago from GPFans.com
