Ferrari NV said Thursday that it has temporarily suspended the majority of its shipments to the Middle East. The move came as the company’s shares listed in Italy fell by more than 3.2% on the day, while its U.S. shares were down over 2.5% in pre-market trading.
The suspension was announced against the backdrop of nearly three weeks of hostilities in the region, which the company and market commentators say are beginning to have an impact on makers of luxury goods. In a statement provided to Bloomberg News, Ferrari said: "We are closely monitoring the developments in the Middle East and the potential implications for our business."
Ferrari added that it has been managing a limited number of deliveries by air. The company characterized the steps taken as temporary and tied to the evolving situation in the region. Beyond noting those interim arrangements, Ferrari did not provide additional operational detail in its statement.
Market reaction was immediate: the Italy-listed shares recorded a decline of more than 3.2% on Thursday, and U.S.-listed stock showed losses exceeding 2.5% in pre-market activity. Those moves reflect investor sensitivity to disruptions in key sales and delivery channels for high-end manufacturers when geopolitical developments affect regional markets.
The company’s comment about watching developments signals ongoing evaluation of how the situation could influence its logistics and customer deliveries. For now, Ferrari is maintaining only a small number of shipments to the Middle East via air transport while most shipments remain on hold.
Contextual note: The company described the suspension as temporary and pointed to continued monitoring of regional developments. No additional forecasts or timelines were provided in the statement.