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Williams Grand Prix (WGF1)

Business description

The group comprises a Formula One racing team (70% revenues) and Williams Advanced Engineering (WAE) (22% revenues). The Formula One racing team placed fifth in the 2016 FIA Formula One Constructors’ Championship. WAE specialises in the commercial application of aerodynamics, materials and battery technologies.

Stock data

Market cap.€171m
Last close€17.10
High / Low (52 weeks)€19.2 / €16.6
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorEngineering

Price performance

%1m3m12m
Actual0.0(3.9)(8.6)
Relative *3.6(5.2)(8.1)

* % Relative to local index

Other companies in sector Show

Company news

Investment summary

Performance in 2017 was one of progress at the core accompanied by a sharp reduction in net debt, aided by significant property sales proceeds. Progress is apparent in Williams Advanced Engineering (WAE) but the Formula One (F1) racing team remains the heart of the business. Performance on the track is a key determinant of group financial returns, but the changes to produce a more equal distribution of commercial rights are only likely in the medium term. Until then, progress will probably remain volatile, especially as competition on the track has intensified.

Last updated on 17/05/2018

Key management

Jon Boaden, Interim CFO
Martin Hudson, Financial Director

Company address

Grove
Wantage
Oxfordshire
OX12 0DQ
United Kingdom
01235 777 700
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