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...
6y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Should there be a tear-off rule following Marco...
No description available...
20h ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
1d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
1d ago from Motorsport.com
How MotoGP’s energy drink landscape could shift
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
9m ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
1d ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
2d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
2d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
3d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Man United lead Arsenal in the race for 50m-rated...
Manchester United are looking to sign Morten Hjulmand from Sporting CP. A...
1h ago from CaughtOffside.com
“Ethan has to respond” - Arsenal boss Arteta makes...
Arsenal boss Mikel Arteta said Ethan Nwaneri must respond to criticism...
1h ago from SportsKeeda.com
Arsenal and Liverpool ready to pounce on 24-year-old...
Arsenal and Liverpool are interested in signing Daniel Svensson from...
3h ago from CaughtOffside.com
'I don't see them winning all the games' - Carragher...
Jamie Carragher has delivered a bold prediction about the Premier League...
2h ago from SportsKeeda.com
Comments
Hottest News
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed... Read More »
48m ago from MotorsportWeek.com
Former F1 driver Alex Zanardi dies aged 59
Former F1 driver and Paralympic champion Alex... Read More »
2h ago from GPFans.com
Adjusted 2026 F1 Miami Grand Prix Sprint starting grid...
Find out who is starting where for the 2026 F1... Read More »
6h ago from RacingNews365.com
