Ferrari’s precision drives production past semiconductor shortage

Cons. Discr. - Autos 1114 Earnings 667 Quote Watch 438 U.S. 5197

Ferrari reported vehicle sales growth of 93.3% year over year in Q2’21. That mostly reflects a recovery from pandemic lock-down levels, with growth versus Q2’19 amounting to just 0.5%. The firm has managed to largely avoid the shortages of semiconductors that has beset the autos industry as a result of “managing it very precisely as we’re able to work to an order book” according to Executive Chairman John Elkann. A smaller production base also means the firm has “more mitigants” available. Ferrari also assumes “that we will see a market that stabilizes in 2022”. The firm’s supply chain i...

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