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
Davide Tardozzi dismisses “absurd” rumours about...
No description available...
15h ago from Motorsport.com
Carlos Ezpeleta: “We don’t have enough space”...
No description available...
19h ago from Motorsport.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
1d ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
2d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
2d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
2d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta insists he won't 'lie' to Arsenal players...
Arsenal manager Mikel Arteta has admitted he can't 'lie' to his players...
2d ago from CaughtOffside.com
“As long as he starts, our chances of winning are...
Arsenal fans are questioning Mikel Arteta's decision to start Marin...
2d ago from SportsKeeda.com
Arsenal boss Mikel Arteta makes feelings clear about...
Arsenal boss Mikel Arteta has shared his thoughts on Lionel Messi voting...
2d ago from SportsKeeda.com
Everton v Arsenal – live blog
Join us for live blog coverage of our Premier League game away to Everton,...
2d ago from Arseblog.com
Comments
Hottest News
F1 fans hand Oscar Piastri mixed McLaren exit verdict
Juan Pablo Montoya recently 'guaranteed' that... Read More »
56m ago from RacingNews365.com
Marko exit sparks fears of F1 ‘character crisis'
Dec.23 The departure of Dr Helmut Marko is being... Read More »
26m ago from OneStopStrategy.com
Red Bull wrong to drop Lawson in '25 – Verstappen
Dec.23 Max Verstappen says Red Bull Racing acted... Read More »
26m ago from OneStopStrategy.com
