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Expenses By Nature (Tables)

12 Months Ended

Dec. 31, 2022

Expenses by nature [abstract]

Summary of detailed information about expense 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

Summary of detailed information about employee benefits expense

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

Summary of expenses by nature of lease expenses

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

Summary of detailed information about provisions and impairment losses

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