McLaren announces first profit, track-only edition of P1 hypercar

Article by Christian Andrei, on June 5, 2014

After selling all of its P1 hypercars, McLaren announced that for 2013, it made both an operating and pre-tax profit. According to the press release, the pre-tax profit was 4.6 million pounds, while the operating profit was 12.4 million pounds.

Still, McLaren said that it will continue to invest 70.6 million pounds in future models, up from 68.1 million pounds. As a result, McLaren’s revenues increased by 18.8 million pounds to 285.4 million pounds in 2013. 1,359 12Cs were delivered as well as 36 examples of the P1.

The British company confirmed its next model codenamed P13 and said that it will go on sale during 2015. This new sports car will take its range into a lower price-point making McLaren more accessible. The P13 will be a rival to the Porsche 911 and according to the official press release, it will be a mid-engined two seater sports car built around a carbon fiber chassis.

What’s more interesting is that it will be available in more than one derivate. McLaren said that the new P13 will increase its annual production to around 4,000 units.

In addition, McLaren confirmed a limited run of track-only editions of the P1 hypercar, which will be sold only to customers who already ordered one of the 375 road legal versions.

Commenting on the results, Ron Dennis, Chief Executive and Chairman of the McLaren Group and Chairman of McLaren Automotive, said: “Since launch, McLaren Automotive has outperformed predictions and rivals, setting new benchmarks in the sportscar market with a range of models that push boundaries through innovation and technology, while remaining true to the core values of the brand. The latest financial results, and returning a profit so early in the life of the company, are a real credit to the tremendous team within McLaren Automotive, and reflect their hard efforts.” 

Topics: mclaren, profit

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