€128m market cap
€12.8 last close
The group comprises a Formula One (F1) racing team (76% FY18 revenues) and Williams Advanced Engineering (WAE; 24% revenues). The F1 racing team placed 10th in the 2018 FIA F1 Constructors’ Championship. WAE specialises in the commercial application of aerodynamics, materials and battery technologies.
H119 results inevitably reflected Williams’ weak finishing position in the Formula One (F1) Constructors’ Championship in 2018. The resultant lower income for the racing team significantly outweighed a continued strong performance by Williams Advanced Engineering (WAE). Unfortunately, the competitive situation has not improved in the current season and a further weak year for the F1 business is anticipated in 2020. The extension of the multi-year sponsor partnership with ROKiT to 2023 is encouraging and should hopefully dovetail with a more equitable distribution from F1.