Thursday 25th June 2015

Profits and revenue up for McLaren

2014 financial results show record profitability for Woking, with plans afoot for another!

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It won't surprise you to learn that a McLaren press statement on financial results features very many numbers. Of course this type of release will always feature plenty of figures but McLaren loves a stat and the models of course use them too. Apologies in advance if this becomes a little confusing...

Last one of these built by 2016

The important data first. McLaren is in profit for the second consecutive year having only opened its first dealer four years ago. In 2014 it sold 1,649 cars, up 18 per cent on 2013's total of 1,395. Of these 1,401 were of the core McLaren range - 650S Coupe and Spider - with another 248 P1s. The last 91 P1s (36 were delivered in 2013) are to be produced later this year; P1 GTR production has just begun.

More cars means more money, as indicated by an operating profit of £20.8m and a profit before tax of £15m. For 2013 those figures were £12.4m and £4.5m respectively. Turnover grew in the 12 months from £285.4m to £475.5m.

McLaren is predicting high demand for the recently launched Sport Series models as well; with a second bodystyle due next year and a third the year after, 4,000 sales per annum are forecast from 2017.

Even staff numbers are up, with McLaren now employing 1,283 people compared to 1,027 in 2013. So everything looks pretty rosy for McLaren Automotive. Now if they could just sort this F1 operation out...

[exceed]

"Now if they could just sort this F1 operation out..."

Why? They're doing alright so far as I can see, next we'll see them pull out of F1 due to costs of entry and become a road car company solely (this will never happen but would be hilarious).