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Williams reports lower group revenue in 2019
The Williams group of companies have reported lower revenue for the first half of 2019 compared to 2018, in statements released on Tuesday. The Williams group of companies, known as Williams Grand Prix Holdings PLC have revealed their interim results for the first half of 2019. This is the holding company for the Williams Advanced Engineering and Williams Grand Prix Engineering companies (WGPE being the Formula 1 team). Group revenue has dropped to £77.8 million for this six month period, down from £82.6 for the same period in 2018. Of concern for the group is the fact that the Formula 1 operation lost quite a bit of money. The documents state that earnings before interest, tax,...
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