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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of cash flows [Line Items]      
Cash and cash equivalents at the beginning of the year € 1,388,901 € 1,344,146 € 1,362,406
Cash flows from operating activities:      
Net profit 1,257,457 939,294 833,136
Income tax expense 344,897 238,472 209,095
Amortization and depreciation 662,305 546,225 455,989
Provision accruals 64,834 72,331 30,284
Result from investments (6,137) (6,175) (6,896)
Financial income (132,319) (83,858) (42,999)
Financial expenses 147,334 133,474 76,256
Other non-cash expenses, net 79,813 46,653 23,941
Change in inventories (309,564) (153,890) (81,309)
Change in trade receivables (33,381) (48,400) 1,771
Change in trade payables 43,277 103,981 72,568
Change in receivables from financing activities (107,247) (187,890) (122,746)
Change in other operating assets and liabilities 48,642 140,008 (29,840)
Finance income received 32,432 5,158 1,679
Finance costs paid (83,243) (37,351) (29,202)
Income tax paid (292,463) (304,692) (109,001)
Total cash flows from operating activities 1,716,637 1,403,340 1,282,726
Cash flows used in investing activities:      
Investments in intangible assets (487,148) (456,894) (384,827)
Investments in property, plant and equipment (381,762) (347,725) (352,316)
Investments in joint ventures 0 (1,367) 0
Proceeds from the sale of property, plant and equipment and intangible assets 2,458 578 4,405
Total cash flows used in investing activities (866,452) (805,408) (732,738)
Cash flows used in financing activities:      
Proceeds from borrowings from banks and other financial institutions 250,000 8,909 142,344
Repayments of borrowings from banks and other financial institutions (72,500) (55,000) (20,959)
Proceeds from securitizations 151,217 218,924 248,714
Repayments of securitizations 49,611 72,824 177,270
Proceeds from other debt 34,596 34,456 17,265
Repayments of other debt (35,566) (23,215) (25,302)
Repayments of lease liabilities (17,691) (16,500) (21,605)
Repayments of bonds and notes (575,702) 0 (500,000)
Proceeds from bonds and notes 0 0 149,495
Dividends paid to owners of the parent (328,631) (249,522) (160,101)
Dividends paid to non-controlling interests (4,890) (2,266) (1,354)
Share repurchases (460,629) (396,522) (230,899)
Total cash flows used in financing activities (1,109,407) (553,560) (579,672)
Translation exchange differences (7,698) 383 11,424
Total change in cash and cash equivalents (266,920) 44,755 (18,260)
Cash and cash equivalents at the end of the year € 1,121,981 € 1,388,901 € 1,344,146