Trade receivables

12 Months Ended

Dec. 31, 2022

Trade and other receivables [abstract]

. Trade receivables

	At December 31,

(Euro thousands)	2022			2021


Trade receivables		55,079			46,089
Loss allowance		(6,211	)		(6,308	)

Total trade receivables		48,868			39,781

The trade receivables are comprised essentially of receivables from wholesalers or agents, who are limited in number and with whom the Group maintains long-term relationships.

The following table provides a breakdown for the loss allowance:


	For the years ended December 31,

(Euro thousands)	2022			2021


At January 1,		6,308			5,904
Business combination		—			358
Provisions		1,363			626
Write off		(1,551	)		(709	)
Net foreign exchange difference s		91			129

At December 31,		6,211			6,308

For each of the fiscal years presented, no single customer accounted for more than 5% of the Group’s consolidated revenue. The present value of trade receivables is identical to its carrying

amount.