News Details
Camilleri: No Formula 1 a ‘big hit' to Ferrari's finances
Formula 1's coronavirus-induced hiatus has almost completely wiped-out Ferrari's first-quarter profits from other areas of its business, CEO Louis Camilleri announced on Monday. Speaking alongside the release of the company's Q1 figures for 2020 that revealed commerical, sponsor and brand revenue was down 39 million (30%) compared to the same time a year ago, Camilleri admitted the Scuderia's inactivity had severely affected its bottom line. 'Formula 1 is undoubtedly the activity that will adversely affect our results in 2020 in the harshest manner and also the one that is by far the hardest to predict,' he told investors in a conference call. 'This clearly implies a drastic reduction in...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Lost F1 income a ‘big hit', says Ferrari, as...
Ferrari’s CEO Louis Camilleri says the lack of Formula 1 action in 2020...
5y ago from MotorsportWeek.com
The Parc Fermé F1 podcast #680 F1's biggest changes
Join Paul and me as we discuss the biggest changes in F1 through each...
5y ago from TheParcFerme.com
Monaco organisers say later 2020 date was...
The organiser of Formula 1’s Monaco Grand Prix says the
logistics...
5y ago from MotorsportWeek.com
Brown calls on Ferrari ‘ethics' to release...
With Ferrari sprouting ethical duty in its opposition over a reduced...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer remains hospitalised after leg surgery
No description available...
1h ago from Motorsport.com
Max Biaggi: Aprilia 'not scared by any track' after...
No description available...
1d ago from Motorsport.com
The MotoGP changes Liberty Media should make,...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
1d ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
3d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
3d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Could time bonuses solve the “yo-yo effect” at the...
No description available...
22h ago from Motorsport.com
Dakar 2026, Stage 7: Mattias Ekstrom wins stage after...
No description available...
1d ago from Motorsport.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 676 – 12.01.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1h ago from Arseblog.com
FA Cup third round: 10 talking points from the...
stal Palace’s stars wilt, Manchester City’s youngsters shine, and Liam...
5h ago from TheGuardian.com
Arsenal make key appointment who helped Liverpool win...
Arsenal have taken another bold step in their pursuit of Premier League...
6h ago from CaughtOffside.com
Portsmouth 1-4 Arsenal: Martinelli hat-trick sends...
Match report – Player ratings – Arteta reaction – Quotes...
6h ago from Arseblog.com
Comments
Hottest News
‘Not everything is going well': Honda makes startling...
Honda Racing's president Koji Watanabe has... Read More »
2h ago from MotorsportWeek.com
Alex Albon eyeing F1 milestone with Williams after...
Alex Albon is eyeing a first F1 podium with... Read More »
49m ago from MotorsportWeek.com
Cadillac are already hitting out at rivals BEFORE their F1...
A key figure within the Cadillac F1 team has... Read More »
29m ago from GPFans.com
