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Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about property, plant and equipment [abstract]

Summary of Property, Plant and Equipment

Changes in the carrying amount of property, plant and equipment for the years ended December 31, 2024, 2023 and 2022 are analysed in the following tables.


	Land and buildings			Machinery and equipment			Office furniture and equipment			Retail gallery and store furnishing			Leasehold improvements			Constr. in progress			Total
Cost as at December 31, 2022		157,801			114,979			13,985			7,338			22,119			1,012			317,234
Additions		413			1,368			473			104			3,103			4,768			10,229
Disposals		(8	)		(667	)		(1,392	)		(1,688	)		(950	)		(101	)		(4,806	)
Impairment loss		—			40			—			—			(118	)		—			(78	)
Reclassifications from constr. in progress		253			36			—			—			3,532			(3,821	)		—
Effect of translation adj.		(592	)		276			(71	)		104			(636	)		(19	)		(938	)
Cost as at December 31, 2023		157,867			116,032			12,995			5,858			27,050			1,839			321,641
Additions		385			3,459			363			138			2,823			95			7,263
Disposals		(79	)		(3,121	)		(988	)		(360	)		(6,576	)		(4	)		(11,128	)
Reclassifications to asset held for sale		(23,665	)		—			—			—			—			—			(23,665	)
Impairment loss		21			75			11			36			—			—			143
Reclassifications from constr. in progress		550			859			23			—			260			(1,692	)		—
Effect of translation adj.		671			(660	)		58			40			1,093			(9	)		1,193
Cost as at December 31, 2024		135,750			116,644			12,462			5,712			24,650			229			295,447


	Land and buildings			Machinery and equipment			Office furniture and equipment			Retail gallery and store furnishing			Leasehold improvements			Constr. in progress			Total
Accumulated depreciation as at December 31, 2022		(96,093	)		(100,570	)		(13,051	)		(7,035	)		(16,054	)		—			(232,803	)
Depreciation		(3,584	)		(3,189	)		(323	)		(172	)		(2,042	)		—			(9,310	)
Disposals		—			642			1,374			1,685			812			—			4,513
Effect of translation adj.		214			(279	)		72			(102	)		571			—			476
Accumulated depreciation as at December 31, 2023		(99,463	)		(103,396	)		(11,928	)		(5,624	)		(16,713	)		—			(237,124	)
Depreciation		(3,485	)		(3,318	)		(373	)		(159	)		(1,640	)		—			(8,975	)
Disposals		42			2,423			955			340			6,548			—			10,308
Reclassifications to asset held for sale		14,898			—			—			—			—			—			14,898
Effect of translation adj.		(669	)		510			(57	)		(39	)		(110	)		—			(365	)
Accumulated depreciation as at December 31, 2024		(88,677	)		(103,781	)		(11,403	)		(5,482	)		(11,915	)		—			(221,258	)

Net book value as at December 31, 2022		61,708			14,409			934			303			6,065			1,012			84,431
Net book value as at December 31, 2023		58,404			12,636			1,067			234			10,337			1,839			84,517
Net book value as at December 31, 2024		47,073			12,863			1,059			230			12,735			229			74,189

Annual rate of depreciation for 2024 and 2023	0%-10%			10%-25%			10%-20%			25%-35%			10%-20%				—

Summary of Breakdown of Property, Plant and Equipment by Country

The following tables show a breakdown of property, plant and equipment by country.


		31/12/24				31/12/23
Italy			41,523				44,239
Romania			16,585				17,520
United States of America			11,381				18,259
Brazil			2,574				3,167
Europe			1,168				919
China			779				166
Other countries			179				247
Total			74,189				84,517

Summary of Breakdown of Property, Plant and Equipment Based on Cash Generating Units

The following tables show a breakdown of property, plant and equipment based on the cash generating units in which they are included.


		31/12/24				31/12/23
Italian upholstered furniture plant			29,279				30,108
Romanian upholstered furniture plant			17,856				18,769
Brazilian upholstered furniture plant			2,862				3,524
Chinese upholstered furniture plant			2,353				1,419
Others			21,839				30,697
Total			74,189				84,517