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
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
12h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
3h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
4h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
11h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
17m ago from FreshArsenal.com
Jermaine Jenas warns Arsenal about 3 Manchester United...
Former Tottenham Hotspur midfielder Jermaine Jenas has warned Arsenal that...
3h ago from SportsKeeda.com
Talks held: Arsenal planning transfer move for £43m...
Arsenal are reportedly discussing a potential future transfer move for...
5h ago from CaughtOffside.com
Arteta: I feel part of Rams' Super Bowl challenge
Stan Kroenke just became America's largest private landowner. The Arsenal...
5h ago from SkySports.com
Comments
Hottest News
Charles Leclerc suffers very unfortunate mishap during...
There's low-hanging fruit, and then... Read More »
2h ago from GPFans.com
What does Mekies expect from the first season of the Red...
Red Bull ushered in the next chapter of its... Read More »
1h ago from F1Technical.net
Kelly Piquet tells all about the very first time she met...
Kelly Piquet shared the details of how she first... Read More »
1h ago from GPFans.com
