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Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of Financial Risk Management [Abstract]

Summary of Credit Risk

The maximum credit risk exposure is as follows:

		December 31, 2023								December 31, 2022
(In thousand Euros)		Non-current				Current				Non-current				Current
Customer sales and services			—				43,258				—				39,797
Other receivables			—				140				—				16
Loans to employees			180				18				—				14
Trade and other financial receivables			180				43,416				—				39,827
Loans granted to Joint Venture
Guarantee deposit			1,341				—				1,133				—
Non-current financial assets			1,521				—				1,133				—
Guarantee deposit							82								560
Financial investments			—				5,728				—				5,397
Other current financial assets			—				5,810				—				5,957
Total			1,521				49,226				1,133				45,784

Summary of Interest Rate Risk

Interest rate risk arises from possible losses due to changes in the fair value or the future cash flows of a financial instrument because of fluctuations in market interest rates.

(In thousand Euros)		Currency		December 31, 2023				December 31, 2022
Fixed rate Loan		EUR			27,926				32,125
Floating rate loan		EUR			179,431				101,502
Total					207,357				133,627

This analysis assumes that all other variables are held constant and considers the effect of interest rates.

		2023								2022								2021
(In thousand Euros)		Profit or loss								Profit or loss								Profit or loss
		100 bp increase				100 bp decrease				100 bp increase				100 bp decrease				100 bp increase				100 bp decrease
Floating rate loan			(1,951	)			1,951				(1,317	)			1,317				(691	)			691

Summary of Sensitivity of a Reasonably Possible Strengthening (Weakening)

The following table shows the sensitivity of monetary assets and liabilities to a reasonably possible strengthening (weakening) of the Euro in each of the foreign currencies as of December 31. This analysis assumes that all other variables, particularly interest rates, remain constant and ignores any impact from anticipated sales and purchases. The Group’s exposure to foreign currency exchange for all other currencies is not significant.

		2023								2022								2021
		Profit or loss								Profit or loss								Profit or loss
(In thousand Euros)		Strengthening				Weakening				Strengthening				Weakening				Strengthening				Weakening
USD (10% movement)			(1,270	)			1,552				(565	)			691				(8,819	)			10,779

Summary of Liquidity Risk

Details of working capital are as follows:

(In thousand Euros)		December 31, 2023				December 31, 2022
Current assets			256,924				255,171
Current liabilities			190,774				178,793
Total			66,150				76,378

Summary of Maturity Analysis for Derivative Financial Liabilities

Details of the maturities, by year, of the principal of the loans and borrowings at December 31, are as follows:

		December 31, 2023
(In Euros)		Capital				Interest				Total
2024			126,496				9,682				136,179
2025			25,533				5,784				31,317
2026			22,859				3,520				26,379
2027			15,831				1,868				17,699
2028			12,017				815				12,831
More than five years			4,621				163				4,784
Total			207,357				21,832				229,189

		December 31, 2022
(In Euros)		Capital				Interest				Total
2023			89,268				3,428				92,696
2024			12,063				2,785				14,848
2025			10,688				2,014				12,702
2026			8,024				1,398				9,422
2027			6,907				838				7,745
More than five years			6,677				759				7,436
Total			133,627				11,222				144,849

X

- Definition

The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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The disclosure of financial instruments by type of interest rate. [Refer: Financial instruments, class [member]]

+ References

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-Name IFRS
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The disclosure of liquidity risk. [Refer: Liquidity risk [member]]

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- Definition

The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]]

+ References

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The disclosure of a maturity analysis for derivative financial liabilities, including the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows. [Refer: Derivative financial liabilities]

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