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
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
8h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
11h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
12h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
4h ago from Motorsport.com
Mike O’Gara named IndyCar’s Vice President of...
No description available...
7h ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
6h ago from MotorsportWeek.c...
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
5h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'I'm on fire!' - Arteta calls for 'no fear' in his...
Mikel Arteta has called for Arsenal to have "no fear" and...
1h ago from SkySports.com
'Who cares what people think' – Arsenal star...
Arsenal secured their place in the Champions League semi-finals for the...
33m ago from CaughtOffside.com
Nev: Arsenal must swim against tide as Man City close...
Gary Neville says Arsenal must balance their emotions ahead of a crucial...
1h ago from SkySports.com
Comments
Hottest News
F1 2026 farce exposed as Ferrari turn to Formula E for help
When Max Verstappen compared F1 to 'Formula E on... Read More »
2h ago from GPFans.com
FIA 'confront Red Bull' over Max Verstappen kicking out...
The FIA have reportedly been in touch with Red... Read More »
1h ago from GPFans.com
F1 boss plots comeback with brand new team
11 teams on the F1 grid? Rubbish. We want more!... Read More »
1h ago from GPFans.com
