McLaren estimates that it will be profitable next year

Article by Christian Andrei, on March 20, 2013

McLaren Automotive Managing Director Mike Flewitt estimates that the company will post a profit next year. He said this after divulging that for the 2012 financial year that ends on March 31, it’s likely to post a pre-tax loss of between 10 million to 12 million pounds ($15 million to $18 million). He explained that as McLaren had invested a lot in developing new products and establishing new dealerships, this actually is “not too bad.”

When interviewed by Automotive News Europe, Flewitt said that the company is even “slightly ahead” of what it had been planning. Flewitt expects that in 2013, it will report a small profit and will continue to reap profits in the years that follow. At the recently held Geneva Auto Show, McLaren had put on display the P1 hybrid supercar, which has a price tag of 1.07 million euros.

The P1 is the third vehicle to be launched by the company. Only 375 units will be assembled. In 2010, McLaren had launched the 12C supercar, which carried a cost of 200,000 euros in Germany. It then launched an open-topped version of the 12C.

A spokesman revealed that in 2012, it sold about 1,400 cars. For the 2011 financial year, McLaren Automotive posted a pre-tax loss of 69 million pounds. The release of these results was delayed and only came out last February. McLaren Automotive is based in Surrey, England.

Topics: mclaren, profit

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