Ferrari suffered from an abysmal 2020 Formula 1 season which saw the Scuderia fail to score a victory for the first time since 2016, and even then 11 podium finishes that year saw the team finish third in the Constructors’ Championship.
But the team dropped to sixth in the standings last year, with just three podium places between Charles Leclerc and Sebastian Vettel.
It resulted in Ferrari’s lowest Constructors’ Championship position since the 1980 season.
Team principal Mattia Binotto knows the recovery won’t be immediate, but says the team must be aiming to finish third behind Mercedes and Red Bull as a “minimum objective”.
“I’m pretty sure that this year will make us stronger for the future,” Binotto said following the conclusion of the ’20 season.
“Third is not impossible, I think that should be our minimum objective for next season.”
Ferrari’s power unit has been the subject of much speculation following a secretive deal struck with the FIA at the start of last year and it’s believed to be the main reason for its drop in performance.
Binotto is hopeful a revised power unit will boost their efforts this year: “I think we will be back to being competitive as a power unit; we will not be the lowest in the field.”
Ferrari are due to present their new car, the SF21, in February alongside a revised driver line-up of Leclerc and new arrival Carlos Sainz, who replaces four-time F1 champion Vettel.