After announcing a slight increase in profits from its Formula One team during 2017, Williams has underlined the importance a more level playing field in F1 from 2021 onwards.
Both the Williams F1 team and Williams Advanced Engineering reported an increase in revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) last year, with the team generating £125.6m in revenue and EBITDA of £16.0m for 2017.
Williams Grand Prix Holdings reported a slight decline in revenues from £167.4m in 2016 to £166.2m in 2017 and a decline in EBITDA from £15.5m in 2016 to £10.8m in 2017, which the company attributed to "a reduction in non-recurring project revenue".