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Expenses By Nature | 12 Months Ended
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Dec. 31, 2022
Expenses by nature [abstract] |
Expenses by nature | 10. Expenses by nature
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Personnel costs |  |  | 184,254 |  |  |  | 154,965 |  |  |  | 151,513 |
Raw materials, consumables and finished goods used |  |  | 140,273 |  |  |  | 115,621 |  |  |  | 70,985 |
Changes in inventories of finished goods and work in progress |  |  | (13,337 | ) |  |  | (14,997 | ) |  |  | 1,441 |
Depreciation and amortization |  |  | 45,810 |  |  |  | 41,584 |  |  |  | 48,332 |
Professional service fees |  |  | 43,614 |  |  |  | 29,562 |  |  |  | 26,629 |
Freight and selling expenses |  |  | 40,962 |  |  |  | 19,016 |  |  |  | 11,513 |
Advertising and marketing expenses |  |  | 32,162 |  |  |  | 26,590 |  |  |  | 22,510 |
Lease expenses |  |  | 22,614 |  |  |  | 13,625 |  |  |  | 5,690 |
Provisions and impairment losses |  |  | 16,729 |  |  |  | 10,766 |  |  |  | 22,676 |
Studies and research expenses |  |  | 11,916 |  |  |  | 8,552 |  |  |  | 7,458 |
Office expenses |  |  | 5,916 |  |  |  | 4,111 |  |  |  | 3,585 |
Travel expenses |  |  | 4,345 |  |  |  | 1,561 |  |  |  | 2,169 |
Taxes and surcharges |  |  | 2,946 |  |  |  | 4,006 |  |  |  | 3,972 |
Fair value changes on warrants |  |  | 1,132 |  |  |  | — |  |  |  | — |
Net foreign exchange (gains) / losses |  |  | 339 |  |  |  | (10,489 | ) |  |  | 3,304 |
Other |  |  | 24,904 |  |  |  | 12,363 |  |  |  | 8,652 |
Total expenses |  |  | 564,579 |  |  |  | 416,836 |  |  |  | 390,429 |
Breakdown for personnel costs:
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Salaries and wages |  |  | 134,888 |  |  |  | 117,154 |  |  |  | 109,420 |
Social contributions, pension plans and indemnities |  |  | 26,930 |  |  |  | 19,403 |  |  |  | 22,502 |
Employee share-based compensation |  |  | 7,431 |  |  |  | 7,208 |  |  |  | 5,389 |
Severance indemnities |  |  | 2,613 |  |  |  | 3,260 |  |  |  | 7,816 |
Other benefits |  |  | 12,392 |  |  |  | 7,940 |  |  |  | 6,386 |
Total personnel costs |  |  | 184,254 |  |  |  | 154,965 |  |  |  | 151,513 |
Breakdown for lease expenses:
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Variable lease payments |  |  | 20,830 |  |  |  | 8,433 |  |  |  | 3,533 |
Expenses relating to short-term leases |  |  | 1,347 |  |  |  | 4,339 |  |  |  | 3,070 |
Expenses relating to low-value leases |  |  | 437 |  |  |  | 933 |  |  |  | 1,449 |
Rent concessions |  |  | — |  |  |  | (80 | ) |  |  | (2,362 | )
Total lease expenses |  |  | 22,614 |  |  |  | 13,625 |  |  |  | 5,690 |
The Group’s variable lease payments are typically linked to sales without a guaranteed minimum. Lease payments not required to be capitalized as right-of-use assets under IFRS 16 (short-term and low-value leases) are recognized as the expense is incurred. Breakdown for provisions and impairment losses:
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Allowance of obsolete inventories |  |  | 11,417 |  |  |  | 8,971 |  |  |  | 4,430 |
Provisions for trade and other receivables |  |  | 1,617 |  |  |  | 669 |  |  |  | 1,842 |
Other provisions |  |  | 983 |  |  |  | 1,349 |  |  |  | 1,310 |
(Reversal)/impairment of right-of-use assets |  |  | 2,434 |  |  |  | (430 | ) |  |  | 8,720 |
Impairment of property, plant and equipment |  |  | 278 |  |  |  | 207 |  |  |  | 1,321 |
Impairment of intangible assets |  |  | — |  |  |  | — |  |  |  | 5,053 |
Total provisions and impairment losses |  |  | 16,729 |  |  |  | 10,766 |  |  |  | 22,676 |
Impairment of property, plant and equipment and right-of-u se assets primarily relate to impairment of leased stores.

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