A first for Mercedes with big sales

The team of Mercedes is currently having a difficult time in Formula 1. The performance on the track is disappointing, but off the track things are going quite well. Mercedes is the first Formula 1 team to have an annual turnover of more than £500 million.

Mercedes started the new season in a disappointing way this year. Lewis Hamilton and George Russell is still unable to make any progress with the new car The Red Bull race is already a mile ahead. Mercedes really wanted to step up this season, after all, the last two seasons were also very disappointing. Things still seem to be going well for the German racing team off the track.

Annual figures show that Mercedes is the first Formula 1 team to have annual sales of more than £500 million. Mercedes-Benz Grand Prix Ltd. is the company behind the team, and they have announced sales of 546.5 million pounds for 2023. A year earlier, the company’s sales were very low, while Mercedes had sales of 474.6 million pounds. Mercedes recorded a slight decline in profits. In 2022, the team had a profit of 89.7 million pounds, while in 2023 it recorded a profit of 83.8 million pounds.

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