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
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
32m ago from MotorsportWeek.c...
Rain delays start of MotoGP Brazilian GP practice
No description available...
3h ago from Motorsport.com
Why prisoners are helping cleanup work at Goiania...
No description available...
3h ago from Motorsport.com
MotoGP riders wary of ‘super dirty’ Goiania track...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2d ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
6d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
4d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
“It’s a lot of pressure!” - Freddy Adu weighs in...
Freddy Adu has shared advice for Arsenal wonderkid Max Dowman amid Lionel...
52m ago from SportsKeeda.com
Arsenal boss Mikel Arteta provides fitness update on...
Arsenal boss Mikel Arteta has shared a fitness update on Martin Odegaard...
1h ago from SportsKeeda.com
Journalist provides insight into 'better mood' inside...
Arsenal are reportedly calm and in a positive mood ahead of this weekend's...
2h ago from CaughtOffside.com
Pep Guardiola highlights what gives Arsenal...
Manchester City manager Pep Guardiola believes Arsenal have an advantage...
2h ago from SportsKeeda.com
Comments
Hottest News
Mercedes reshapes leadership as Bradley Lord steps up to...
Mercedes AMG Petronas Formula 1 Team has... Read More »
1h ago from MotorsportWeek.com
Aston Martin F1 issue official statement moments after...
Aston Martin F1 team have released an official... Read More »
1h ago from GPFans.com
Audi address sudden Jonathan Wheatley departure with...
It is official: Jonathan Wheatley has left Audi... Read More »
2h ago from RacingNews365.com
