McLaren has announced today, June 29, 2017, four consecutive years of success and profit. in 2016, a record 3,286 McLaren cars were sold. That amount of sales is a 70% increase in profit before tax. This is just one of the many positive numbers that McLaren has put up between 2015 and 2016 years of operation.
“The positive financial performance in 2016 was underpinned by a 44% increase in sales revenues and is further proof that McLaren Automotive’s growth plans are both achievable and sustainable,” said McLaren Automotive Chief Executive Officer, Mike Flewitt. ”Investment in R&D and future product during the period of £129.1M – 20% of turnover – reaffirms our commitment to the Track22 Business Plan that will produce 15 new models or derivatives by the end of 2022 and the focus going forwards will be on successfully delivering these new products and managing continued profitable growth.”
In 2016, North America was McLaren’s largest market, with 1,139 cars out of the total 3,286 being delivered across the continent. That amount is a 106% increase over 2015, thanks to the Sports Series (570GT and 570S), which accounted for 2,031 deliveries.
Below is a breakdown of McLaren’s performance from 2015 to 2016.
|Deliveries to customers||Cars||3,286||1,654||99%|
|Sales revenue||Million GBP||649.8||450.6||44%|
|Operating profit||Million GBP||65.8||23.5||180%|
|Operating profit as % of sales||10%||5%|
|Profit before tax||Million GBP||9.2||5.4||70%|
|Profit after tax||Million GBP||7.3||2.8||161%|
|Capitalised development costs||Million GBP||129.1||123.9||4%|
|Capitalised investments as a % of T/O||20%||27%|