Maurizio Arrivabene says he doesn't believe Ferrari missed out on a chance to win the Austrian Grand Prix as a promising start to the weekend concluded with it being out-performed in the race by Red Bull.

Though Sebastian Vettel suffered with a five place grid penalty for a gearbox change, the move to start on the super-soft appeared to give Ferrari an edge strategically compared to Mercedes as it could run longer on the first stint.

However, with Vettel being eliminated by a high-speed puncture, Kimi Raikkonen spent much of the second stint stuck behind the slower Daniel Ricciardo, denying him the chance to play himself back into contention, and would eventually cross the line behind Max Verstappen.

With question marks over Ferrari's decision to leave Raikkonen out as long as they did, Arrivabene denies a misguided strategy prevented it from claiming victory.

"I don't think it was a missed opportunity," he said. "We followed totally our strategy and sometimes we can't talk to the driver because the rules are very clear but the drivers can give us feedback at certain points.

"Kimi decided to carry on like this and we went on one other option for strategy but without the yellow flags he wasn't going to overtake Verstappen. I think what we have to say is he's done a great race."

Indeed, Arrivabene believes Vettel was on for a strong result had he not been forced out of the race in what was his third DNF of the year.

"I think that without this tyre failure he would be very high in the podium, I don't know where but very high. Because we diverse the two strategies, they were different from one driver to the other."