Alpine F1 post UK£26m profit for 2022

Enstone-based team saw turnover increase 23.6% year-over-year.

The Alpine Formula One team have posted a UK£26.2 million (US$31.6 million) profit for the year ended 31st December 2022.

Confirmed:

  • Turnover increased 23.6 per cent year-over-year (YoY) to UK£249 million (US$300.34 million)
  • Operating costs rose at a slower rate, resulting in an operating profit of UK£35.6 million (US$42.94 million)
  • Overall emissions rose compared to 2021, but Alpine claims this was due to people returning to the office

Context:

2022 included the addition of a new title partner BWT, which certainly contributed to the increased turnover seen by Alpine this season. Improved on-track performance also saw an increase in prize money, which further contributed to the UK£249 million figure. The only downside is the rise in emissions, which has resulted from an increased headcount from 820 to 870 and these same staff returning to Enstone after the easing of Covid restrictions.

Comment:

An Alpine statement read: ‘The team is supported by the dedication to Formula One by Renault Group on its ambitious road map to compete for Formula One world championship titles. Formula One remains seminal to Renault Group’s ‘Renaulution’ ambitions, with Alpine being synonymous with racing, and it remains true to its identity by remaining competitive in Formula One and other racing categories.’

Coming next:

Signed off by Laurent Rossi, these financial results are more an indication of where Alpine were rather than where they are now. Philippe Krief now oversees the sportscar marque and Bruno Famin is in charge of all motorsport activities, while RedBird Capital Partners, Otro Capital and Maximum Effort Investments have since purchased a 24 per cent minority stake in team.

Go deeper:

Share