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Inventories

12 Months Ended

Dec. 31, 2025

Disclosure of Measuring inventories [Abstract]

Inventories

19. Inventories

The following table provides a breakdown for inventories (net of the provision for slow moving and obsolete inventories):

			At December 31,
(€ thousands)			2025						2024
Raw materials, ancillary materials and consumables			113,241						90,461
Work-in-progress and semi-finished products			49,898						49,442
Finished goods			343,764						381,112
Total inventories			506,903						521,015

The amount of provisions for slow moving and obsolete inventories recognized for the years ended December 31, 2025, 2024 and 2023 was €32,774 thousand, €48,260 thousand and €59,558 thousand respectively.

The following table provides the changes in the total provision for slow moving and obsolete inventories for the years ended December 31, 2025 and 2024.

			2025						2024
At January 1,			(207,078)						(175,222)
Provisions			(32,774)						(48,260)
Utilizations and releases			30,302						22,515
Exchange differences and other changes			12,300						(6,111)
At December 31,			(197,250)						(207,078)

X

- Definition

The entire disclosure for inventories.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Number 2
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-URIDate 2025-03-27

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- Definition

Disclosure of measuring inventories.

+ References

No definition available.

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