Williams results: Profit lies at 7.6 million pounds

Sporty, it runs at Williams not to measure. The business, however, is true. The company listed since March 2011 2011 increased revenues and profits.

Less investment in the hybrid sector, the Williams Group for last year has made a profit of ? 7.6 million, converted more than 9 million euros.
Expired formula 1 season ended in disappointment. The former subscription world champion of Williams landed nine place. It was the worst result since 1977. business is running, however, good at Williams. The sales of the Group increased in the year 2011 of 91.0 to 104.5 million pounds (124, 3 million euros). This is an increase of 14.8 percent. The profit also increased. From 6.3 to 7.6 million pounds (9.04 million euros).
Williams is more than just a formula 1 racing team
The box office is still well filled. President Adam Parr reported: "The Group has achieved a strong result." "At 29 February 2012, our net deposit was ? 29.2 million."
Williams is no longer only a formula 1 racing team. The team from Grove sold technology. HRT is the transmission of Williams. Kers was abandoned at the last minute for reasons of cost. Caterham has rented the second wind tunnel at Grove. Audi and Porsche employ the Williams hybrid technology with flywheel storage in the sports car and the GT series. The Government of Qatar plans the use of flywheel technology for a nationwide rail network with Williams. To this end, a technology center was built on the peninsula in the Arabian Gulf. The investments for the development of the drive for the monorail system have pushed the total to ? 1.9 million.
But cooperation with the Qataris could be one day the lifeline for Williams. One works in Grove is still on a sponsorship contract with the National Bank of Qatar. The cash injection is then vital when no money is flowing more from Venezuela.
Still, around 27 million pounds on the Williams account should flow from the Venezuelan oil industry each year. For this, Pastor Maldonado will get a cockpit. The opposition in the South American country is the deal blessed off Prime Hugo Chavez however questioned. This could be an issue in the upcoming election campaign.
The Williams shares was traded 19,37 euros at 11: 00 a.m. today, Friday 9 March. It showed again quite recovered in August of last year with 12.10 euros after its low. Frank Williams recently by the way his seat on the Executive Board of the company acknowledged, leaving his daughter Claire move up. His former partner Patrick Head retired from the Board of Directors of the Williams Group on 31 December 2011.