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
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
20h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Drivers, fans and Liam Lawson enjoy...
No description available...
6h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
11h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
12h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal step up interest in midfielder but he is...
Arsenal are closely monitoring the progress of Víctor Valdepeñas, one of...
34m ago from CaughtOffside.com
Manchester United legend Paul Scholes names one...
Manchester United legend Paul Scholes believes Jurrien Timber has been a...
1h ago from SportsKeeda.com
Report: Arsenal ‘in talks' to sign Real Madrid...
Arsenal are stepping up their long-term recruitment planning, with sources...
7h ago from FreshArsenal.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
8h ago from FreshArsenal.com
Comments
Hottest News
Oscar Piastri hints at possible changes to controversial...
'Papaya rules' was a controversial aspect of the... Read More »
1h ago from RacingNews365.com
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
19h ago from RacingNews365.com
Lando Norris can reach another level in 2026 Formula 1...
Johnny Herbert believes Lando Norris is only at... Read More »
14m ago from GrandPrix247.com
