Baku - Ferrari are still hunting for their first win of the Formula One season after rivals Mercedes chalked up four straight one-two finishes, but team boss Mattia Binotto was adamant things are not as bad as they look.
The Italian team started the year as favourites on the back of strong testing form yet all they have to show for their speed so far is a pole position, two fastest laps and three third-place finishes.
"I think that obviously four races into the season, no win for Ferrari, four wins for Mercedes, no doubt they are very strong," Binotto told reporters after Sunday’s Azerbaijan Grand Prix.
"Certainly they (Mercedes) have got a slightly better car, but I think that the gap is not so big and the points of the result are not reflecting the true potential of the cars," added the Swiss-born Italian.
Ferrari, Formula One’s most successful team, last won a title in 2008 while Mercedes have won every championship for the past five years and on Sunday celebrated the best start to a campaign by anyone in the two-car team era.