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Employee benefits (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of defined benefit plans [line items]  
Disclosure of Net Defined Benefit Liability (Asset)
 
December 31, 2019
 
December 31, 2018
 
€m
 
€m
Net employee benefit obligations-Germany
151.3

 
128.0

Net employee benefit obligations-Sweden
71.7

 
60.5

Net employee benefit obligations-Italy
4.8

 
4.7

Net employee benefit obligations-Austria
5.8

 
4.3

Sub-total
233.6

 
197.5

Net employee benefit obligations- total of other countries
3.9

 
3.1

Total net employee benefit obligations
237.5

 
200.6

Disclosure of Fair Value of Plan Assets
Movements in fair value of plan assets of defined benefit retirement plans:
 
2019
 
€m
Opening balance January 1, 2019
81.5

Interest income
1.4

Actuarial gains arising from the return on plan assets, excluding interest income
5.1

Contributions by employer
0.5

Contributions by members
0.5

Benefits paid
(2.6
)
As at December 31, 2019
86.4

 
 
2018
 
€m
Opening balance January 1, 2018
81.3

Interest income
1.6

Actuarial gains arising from the return on plan assets, excluding interest income
0.3

Contributions by employer
0.5

Contributions by members
0.5

Benefits paid
(2.7
)
As at December 31, 2018
81.5

The fair value of plan assets, all at quoted prices are as follows:
 
 
 
December 31, 2019
 
December 31, 2018
 
 
€m
 
€m
Equities
 
20.5

 
20.2

Debt instruments
 
40.3

 
47.2

Property
 
13.1

 
10.9

Other
 
12.5

 
3.2

Total
 
86.4

 
81.5

Disclosure of Expense Recognized in Consolidated Statement of Profit or Loss
Expense recognized in the Consolidated Statement of Profit or Loss:
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
2019
 
2019
 
2019
 
€m
 
€m
 
€m
Current service cost
4.0

 
0.2

 
4.2

Interest cost
3.6

 

 
3.6

For the year ended December 31, 2019
7.6

 
0.2

 
7.8

 
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
2018
 
2018
 
2018
 
€m
 
€m
 
€m
Current service cost
3.9

 
(0.1
)
 
3.8

Interest cost
3.6

 

 
3.6

For the year ended December 31, 2018
7.5

 
(0.1
)
 
7.4

Disclosure of Amount Recognized In Consolidated Statement of Comprehensive Income
Amount recognized in the Consolidated Statement of Comprehensive Income:
 
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
 
€m
 
€m
Actuarial experience losses
 
0.2

 
0.5

Actuarial losses arising from changes in financial assumptions
 
43.2

 
13.8

Actuarial gains arising from changes in demographic assumptions
 
(3.0
)
 
(1.1
)
Actuarial gains arising from the return on plan assets, excluding interest income
 
(5.1
)
 
(0.3
)
Total actuarial losses
 
35.3

 
12.9

 
 
 
 
 
 
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
 
€m
 
€m
Cumulative amount of actuarial losses recognized in Consolidated Statement of Comprehensive Income
 
49.5

 
14.2

Disclosure of Actuarial Assumptions
 
Defined benefit
retirement plans
 
 
 
 
Post-employment medical
benefits and other
benefits
December 31, 2019
Germany
 
Sweden
 
Austria
 
Italy
 
 
Germany
 
Austria
Discount rate
1.15
%
 
1.45
%
 
1.00
%
 
0.67
%
 
 
0.45
%
 
0.30
%
Inflation rate
2.00
%
 
1.80
%
 
1.53
%
 
1.50
%
 
 
2.00
%
 
1.53
%
Rate of increase in salaries
2.80
%
 
2.80
%
 
2.00
%
 

 
 
2.80
%
 
3.00
%
Rate of increase for pensions in payment
1%-2%

 

 
2.00
%
 

 
 

 

Long term medical cost of inflation

 

 

 

 
 

 
2.00
%
 
 
Defined benefit
retirement plans
 
 
 
 
Post-employment medical
benefits and other
benefits
December 31, 2018
Germany
 
Sweden
 
Austria
 
Italy
 
 
Germany
 
Austria
Discount rate
1.75
%
 
2.25
%
 
2.00
%
 
1.60
%
 
 
1.20
%
 
1.00
%
Inflation rate
2.00
%
 
2.00
%
 
2.00
%
 
1.50
%
 
 
2.00
%
 
2.00
%
Rate of increase in salaries
2.80
%
 
2.75
%
 
3.00
%
 

 
 
2.80
%
 
3.00
%
Rate of increase for pensions in payment
1%-2%

 
%
 
2.00
%
 

 
 

 

Long term medical cost of inflation

 

 

 

 
 

 
2.00
%
Disclosure of the Effect of a 1% Movement in the Discount Rate
The effect of a 1% movement in the most significant assumptions for the year ended December 31, 2019 is as follows:
 
Increase
 
Decrease
 
€m
 
€m
Discount rate
(51.4
)
 
68.1

Inflation rate
43.5

 
(35.4
)
Rate of increase in salaries
16.6

 
(12.3
)
Rate of increase for pensions in payment
44.9

 
(36.3
)
Present value of defined benefit obligation [member]  
Disclosure of defined benefit plans [line items]  
Disclosure of analysis of present value of defined benefit obligation [Table Text Block]
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
December 31, 2019
€m
 
€m
 
€m
Present value of unfunded defined benefit obligations
77.6

 
5.1

 
82.7

Present value of funded defined benefit obligations
237.3

 

 
237.3

Subtotal present value of defined benefit obligations
314.9

 
5.1

 
320.0

Fair value of plan assets
(86.4
)
 

 
(86.4
)
Recognized liability for net defined benefit obligations
228.5

 
5.1

 
233.6

 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
December 31, 2018
€m
 
€m
 
€m
Present value of unfunded defined benefit obligations
65.8

 
4.8

 
70.6

Present value of funded defined benefit obligations
208.4

 

 
208.4

Subtotal present value of defined benefit obligations
274.2

 
4.8

 
279.0

Fair value of plan assets
(81.5
)
 

 
(81.5
)
Recognized liability for net defined benefit obligations
192.7

 
4.8

 
197.5

Movements in recognized liability for net defined benefit obligations:
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
€m
 
€m
 
€m
Opening balance January 1, 2019
192.7

 
4.8

 
197.5

Current service cost
4.0

 
0.2

 
4.2

Interest cost
3.6

 

 
3.6

Actuarial losses
35.3

 

 
35.3

Contributions to plan
(0.6
)
 

 
(0.6
)
Benefits paid
(5.2
)
 

 
(5.2
)
Exchange adjustments
(1.3
)
 
0.1

 
(1.2
)
As at December 31, 2019
228.5

 
5.1

 
233.6

 
 
 
 
 
 
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
€m
 
€m
 
€m
Opening balance January 1, 2018
180.5

 
4.9

 
185.4

Current service cost
3.9

 
(0.1
)
 
3.8

Interest cost
3.6

 

 
3.6

Actuarial losses
12.9

 

 
12.9

Contributions to plan
(0.6
)
 

 
(0.6
)
Benefits paid
(5.4
)
 

 
(5.4
)
Exchange adjustments
(2.2
)
 

 
(2.2
)
As at December 31, 2018
192.7

 
4.8

 
197.5


Movements in present value of defined benefit obligations:
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
€m
 
€m
 
€m
Opening balance January 1, 2019
274.2

 
4.8

 
279.0

Current service cost
4.0

 
0.2

 
4.2

Interest cost
5.0

 

 
5.0

Actuarial experience losses
0.2

 

 
0.2

Actuarial losses arising from changes in financial assumptions
43.2

 

 
43.2

Actuarial gains arising from changes in demographic assumptions
(3.0
)
 

 
(3.0
)
Contributions to plan
0.4

 

 
0.4

Benefits paid
(7.8
)
 

 
(7.8
)
Exchange adjustments
(1.3
)
 
0.1

 
(1.2
)
As at December 31, 2019
314.9

 
5.1

 
320.0

 
 
 
 
 
 
 
Defined benefit
retirement plans
 
Post-employment
medical benefits
and other benefits
 
Total
 
€m
 
€m
 
€m
Opening balance January 1, 2018
261.8

 
4.9

 
266.7

Current service cost
3.9

 
(0.1
)
 
3.8

Interest cost
5.2

 

 
5.2

Actuarial experience losses
0.5

 

 
0.5

Actuarial losses arising from changes in financial assumptions
13.8

 

 
13.8

Actuarial gains arising from changes in demographic assumptions
(1.1
)
 

 
(1.1
)
Contributions to plan
0.4

 

 
0.4

Benefits paid
(8.1
)
 

 
(8.1
)
Exchange adjustments
(2.2
)
 

 
(2.2
)
As at December 31, 2018
274.2

 
4.8

 
279.0

Experience adjustments [Domain]  
Disclosure of defined benefit plans [line items]  
Disclosure of Net Defined Benefit Liability (Asset)
The history of experience adjustments from inception of the Company for the defined benefit retirement plans is as follows:
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
 
 
€m
 
€m
 
€m
Present value of defined benefit obligations
 
314.9

 
274.2

 
261.8

Fair value of plan assets
 
(86.4
)
 
(81.5
)
 
(81.3
)
Recognized liability in the scheme
 
228.5

 
192.7

 
180.5

Experience losses on scheme liabilities
 
0.2

 
0.5

 
0.5

Experience gains on scheme assets
 
(5.1
)
 
(0.3
)
 
(1.9
)
Actuarial assumption of life expectancy after retirement [member]  
Disclosure of defined benefit plans [line items]  
Disclosure of Actuarial Assumptions
December 31, 2019 (years)
 
Germany
 
Sweden
 
Austria
 
Italy
Retiring at the end of the year:
 
 
 
 
 
 
 
 
Male
 
21
 
22
 
23
 
19
Female
 
24
 
24
 
25
 
22
 
December 31, 2018 (years)
 
Germany
 
Sweden
 
Austria
 
Italy
Retiring at the end of the year:
 
 
 
 
 
 
 
 
Male
 
21
 
22
 
23
 
19
Female
 
24
 
24
 
25
 
22