Impressive turn of speed from Williams F1
The company includes Williams Grand Prix Engineering Limited and Williams Hybrid Power Limited. The wider group's revenues are derived from its Formula One business -- including commercial sponsorships and the team's share of the Formula One commercial rights income -- and from the commercial application of its technology.%VIRTUAL-SkimlinksPromo%
The impressive increases in half-year turnover and profit are largely due to Williams' diversification strategy as well as the recent receipt of a one-off payment following a new Formula One commercial agreement. Full-year results are expected to show the continued stability of the business, with double-digit growth expected in turnover and net profit.
Founder and Team Principal Sir Frank Williams said:
"Williams is at a very exciting stage in its history and these promising results are indicative of this. We have made good progress on track this year, thanks in part to a new technical team, which has seen us pick up our first win in eight years. Our diversification strategy is also gaining momentum, positioning us as a leader in the development of cutting edge technology in areas such as sustainability and safety."
No mention was made of the potential risks of having Pastor Maldonado in the driver line-up.
The shares of Williams have rallied from a low of €12 to €23 since August last year, suggesting the fast-paced world of Formula One can provide fast-paced investment gains to ordinary shareholders.
- Head to head: Shell vs. BP
- 5 euro stocks you should have bought in August
- J Sainsbury: buy, sell or hold?