News Details
McLaren increase revenues amid poor F1 season
Ron Dennis
The McLaren Group achieved strong financial performance in 2013, recording an £18.8m pre-tax profit, resulting from increased revenues of £268m.
The Group made significant progress towards becoming a global and increasingly diversified high technology company. It is on a solid financial footing, is continuing to invest heavily in R&D and is well placed to deliver future growth.
McLaren Group revenues grew by 7.5% in 2013 as the businesses continued to apply its cutting-edge technologies into new markets, while also increasing income from sponsorship and Formula 1 prize money.
The McLaren Mercedes Formula 1 team continued to be extremely well supported by its partners, who...
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