FIA Delivers Financial Turnaround, Marking New Era of Growth And
4 Articles
4 Articles
FIA posts €4.7m operating profit in 2024 - BlackBook Motorsport
The International Automobile Federation (FIA) has reported an operating profit of €4.7 million (US$5.3 million) in 2024, marking its strongest set of financial results in eight years. Confirmed: Operating income was €182 million (US$205 million), representing a 17 per cent year-over-year (YoY) increase The FIA had no fiscal debt at year end and reported an equity ratio of 45 per cent Context: This ends five straight years of operating losses fo…
FIA Delivers Financial Turnaround, Marking New Era of Growth and
Period of strategic transformation since President Mohammed Ben Sulayem was elected brings the FIA back into the black for the first time in five years.The FIA today reports its strongest financial result in almost ten years, with an operating result of € 4.7m for FY2024, significantly up from an operating loss of €-24.0m in 2021.Vastly improved financial health enables the
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