Ferrari team principal Maurizio Arrivabene remains adamant that the squad remains a threat to Mercedes, despite its below-par performance at the Canadian Grand Prix.
Lewis Hamilton led home a Mercedes 1-2 as Ferrari finished off the podium for the first time in 2015, with Kimi Raikkonen limited to fourth after a spin and Sebastian Vettel recovering to fifth following his qualifying woes.
"It’s not true," Arrivabene said when asked why Ferrari's challenge faltered. "If you look at the pace of Seb in the race it’s quite clear than in terms of timing we were there.
"We had a number of circumstances. I’m sure without that problem Seb was really there. In terms of performance it’s fine. If you’re asking if I’m happy then no, I’m not happy, that’s for sure.
"With Kimi, he got a good pace at certain points an was supposed to do a one stop strategy but after the spin we went to a two stop to try and catch [Valtteri] Bottas but it was not possible."
Arrivabene remains insistent that his pre-season target of two victories remains unchanged.
"Absolutely no change, if I change the objectives it’s like if I say ‘I surrender’, we don’t surrender," he said.
"When you go down from the podium [position] it’s worse [than being on the podium]. I think we need to look up and not down, but don’t change the objectives, no way."