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
Luca Marini guides Honda to its MotoGP concessions...
No description available...
13h ago from Motorsport.com
Jorge Martin’s Valencia MotoGP retirement was...
No description available...
13h ago from Motorsport.com
Aleix Espargaro tells Franco Morbidelli to...
No description available...
14h ago from Motorsport.com
Marco Bezzecchi explains Aprilia 'proposal' after...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
3d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
3d ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
4d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
1w ago from Motorsport.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
6d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Sources: Arsenal & Chelsea get major boost as...
Kenan Yıldız’s future at Juventus has become one of the most...
51m ago from CaughtOffside.com
The highs and lows of the international game
Morning all. I suspect there might be some sore heads around Ireland this...
11m ago from Arseblog.com
Arsenal star Bukayo Saka snubs Harry Kane, names the...
Arsenal's star winger, Bukayo Saka, has offered a surprising and glowing...
11h ago from CaughtOffside.com
‘News from the last 24 hours’: Fabrizio Romano...
Arsenal fans can breathe a collective sigh of relief as transfer expert...
13h ago from CaughtOffside.com
Comments
Hottest News
Leclerc needs ‘plan B' after Elkann comments
Nov.17 Ralf Schumacher says Charles Leclerc... Read More »
31m ago from OneStopStrategy.com
Audi clarifies F1 concept car not 2026 racer
Nov.17 Audi has moved to clarify confusion about... Read More »
31m ago from OneStopStrategy.com
Popov slams ‘crazy' Antonelli record hype
Nov.17 Russian F1 commentator Alexey Popov has... Read More »
31m ago from OneStopStrategy.com
