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Operating Segments (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of operating segments [abstract]  
Summary of Reconciliation of Information on Reportable Segments with Amounts Reported In Financial Statements

 

 

Year ended December 31, 2023

 

(In Thousand Euros)

 

EMEA

 

 

NORAM

 

 

APAC

 

 

Total
segments

 

 

Consolidated
adjustments
and
eliminations

 

 

Consolidated

 

Revenue from sales of goods

 

 

115,071

 

 

 

17,042

 

 

 

1,020

 

 

 

133,133

 

 

 

(3,717

)

 

 

129,416

 

Revenue from sales of services

 

 

6,787

 

 

 

8,728

 

 

 

693

 

 

 

16,208

 

 

 

(1,855

)

 

 

14,353

 

Changes in inventories and raw
   materials and consumables used

 

 

(81,453

)

 

 

(17,197

)

 

 

(615

)

 

 

(99,265

)

 

 

3,762

 

 

 

(95,503

)

Employee benefits

 

 

(61,103

)

 

 

(19,393

)

 

 

(740

)

 

 

(81,236

)

 

 

 

 

 

(81,236

)

Other operating expenses

 

 

(50,717

)

 

 

(10,318

)

 

 

(543

)

 

 

(61,578

)

 

 

1,790

 

 

 

(59,788

)

Amortization and depreciation

 

 

(25,478

)

 

 

(2,755

)

 

 

(210

)

 

 

(28,443

)

 

 

 

 

 

(28,443

)

Other income

 

 

14,176

 

 

 

119

 

 

 

(1

)

 

 

14,294

 

 

 

(34

)

 

 

14,260

 

Operating Loss

 

 

(82,717

)

 

 

(23,774

)

 

 

(396

)

 

 

(106,887

)

 

 

(54

)

 

 

(106,941

)

Total Assets

 

 

599,950

 

 

 

157,919

 

 

 

375

 

 

 

758,244

 

 

 

(274,703

)

 

 

483,541

 

Total Liabilities

 

 

301,341

 

 

 

38,024

 

 

 

183

 

 

 

339,548

 

 

 

(5,818

)

 

 

333,730

 

 

 

 

Year ended December 31, 2022

 

(In Thousand Euros)

 

EMEA

 

 

NORAM

 

 

APAC

 

 

Total
segments

 

 

Consolidated
adjustments
and
eliminations

 

 

Consolidated

 

Revenue from sales of goods

 

 

134,156

 

 

 

19,936

 

 

 

17

 

 

 

154,109

 

 

 

(17,737

)

 

 

136,372

 

Revenue from sales of services

 

 

5,989

 

 

 

3,616

 

 

 

397

 

 

 

10,002

 

 

 

(2,189

)

 

 

7,813

 

Changes in inventories and raw
   materials and consumables used

 

 

(88,104

)

 

 

(15,787

)

 

 

(16

)

 

 

(103,907

)

 

 

18,302

 

 

 

(85,605

)

Employee benefits

 

 

(74,895

)

 

 

(13,533

)

 

 

(386

)

 

 

(88,814

)

 

 

 

 

 

(88,814

)

Other operating expenses

 

 

(72,844

)

 

 

(21,026

)

 

 

(113

)

 

 

(93,983

)

 

 

2,428

 

 

 

(91,555

)

Amortization and depreciation

 

 

(17,058

)

 

 

(1,830

)

 

 

(2

)

 

 

(18,890

)

 

 

 

 

 

(18,890

)

Other income

 

 

1,508

 

 

 

335

 

 

 

1

 

 

 

1,844

 

 

 

 

 

 

1,844

 

Operating Loss

 

 

(111,248

)

 

 

(28,289

)

 

 

(102

)

 

 

(139,639

)

 

 

804

 

 

 

(138,835

)

Total Assets

 

 

515,796

 

 

 

155,529

 

 

 

60

 

 

 

671,385

 

 

 

(249,401

)

 

 

421,984

 

Total Liabilities

 

 

336,356

 

 

 

32,001

 

 

 

47

 

 

 

368,404

 

 

 

(115,570

)

 

 

252,834

 

 

 

 

Year ended December 31, 2021

 

(In thousand Euros)

 

EMEA

 

 

NORAM

 

 

APAC

 

 

Total
segments

 

 

Consolidated
adjustments
and
eliminations

 

 

Consolidated

 

Revenue from sales of goods

 

 

71,378

 

 

 

4,687

 

 

 

 

 

 

76,065

 

 

 

(6,960

)

 

 

69,105

 

Revenue from sales of services

 

 

2,902

 

 

 

 

 

 

298

 

 

 

3,200

 

 

 

(726

)

 

 

2,474

 

Changes in inventories and raw
   materials and consumables used

 

 

(47,056

)

 

 

(3,345

)

 

 

(19

)

 

 

(50,420

)

 

 

6,167

 

 

 

(44,253

)

Employee benefits

 

 

(27,130

)

 

 

(2,309

)

 

 

(227

)

 

 

(29,666

)

 

 

 

 

 

(29,666

)

Other operating expenses

 

 

(42,273

)

 

 

(1,778

)

 

 

(63

)

 

 

(44,114

)

 

 

709

 

 

 

(43,405

)

Amortization and depreciation

 

 

(8,214

)

 

 

(268

)

 

 

(1

)

 

 

(8,483

)

 

 

 

 

 

(8,483

)

Other income/(expense)

 

 

962

 

 

 

(306

)

 

 

 

 

 

656

 

 

 

 

 

 

656

 

Operating Loss

 

 

(49,431

)

 

 

(3,319

)

 

 

(12

)

 

 

(52,762

)

 

 

(810

)

 

 

(53,572

)

Total Assets

 

 

343,320

 

 

 

128,312

 

 

 

84

 

 

 

471,716

 

 

 

(129,103

)

 

 

342,613

 

Total Liabilities

 

 

210,418

 

 

 

15,622

 

 

 

16

 

 

 

226,056

 

 

 

(14,515

)

 

 

211,541

 

Summary of External Revenue by Location of Customers

External revenue by location

The countries where the Group has sold more then 10% of the annual revenue are as follows:

 

 

 

Year ended December 31,

(In thousand Euros)

 

2023

 

2022

 

 

2021

 

 

 

 

Revenue

 

%

 

Revenue

 

%

 

Revenue

 

%

Country

 

 

 

 

 

 

 

 

 

 

 

 

Spain

 

 

29,590

 

21%

 

 

20,076

 

14%

 

 

6,910

 

10%

United States

 

 

22,268

 

15%

 

 

19,412

 

13%

 

 

4,713

 

7%

Italy

 

 

14,686

 

10%

 

 

14,927

 

10%

 

 

7,338

 

10%

Germany

 

 

9,111

 

6%

 

 

7,944

 

6%

 

 

12,034

 

17%

Other countries

 

 

68,114

 

47%

 

 

81,826

 

57%

 

 

40,584

 

57%

Total

 

 

143,769

 

100%

 

 

144,185

 

100%

 

 

71,579

 

100%