Williams has endured a financially difficult 2023. Its turnover fell to 147.3 million euros, compared to 165.7 million the previous year. Additionally, the after-tax loss increased significantly, amounting to 97.7 million euros compared to 20.7 million in 2022. Although these figures may seem alarming, they are part of a long-term investment strategy term.
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A strategy focused on the future
Williams has chosen to continue to invest heavily in its infrastructure and technology to improve its performance on the track. These expenses are essential to allow the team to regain its competitiveness within the championship. The leaders were aware that these losses would be inevitable, but they saw them as a necessary step in building a stronger, more sustainable team.
Sell assets to balance finances
To help balance his finances, Williams sold assets worth €21 million, which generated a profit of €4 million. Despite the drop in its net assets, from 133.8 million euros in 2022 to 77.8 million in 2023, the team remains in a good financial position to pursue its long-term projects.
Towards a return to the summits
Williams’ goal is clear: to return to the best teams in F1. To achieve this, the team must find a balance between performance on the track and financial health.
The leaders firmly believe that the investments made in 2023 will bear fruit in the long term, allowing them to regain a prominent place in the championship.
