Stevanato Group S.p.A. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Inventories

Inventories

12 Months Ended

Dec. 31, 2022

Classes of current inventories [abstract]

21. Inventories

Inventories, shown net of an allowance for obsolete and slow-moving goods, can be analyzed as follows:


	At December 31,			At December 31,
	2022			2021
	(EUR thousand)
Raw materials		88,139			58,484
Semifinished products		30,196			29,878
Finished products		92,994			64,252
Advances to suppliers		18,119			9,554
Provision from slow moving and obsolescence		(16,194	)		(13,251	)
Total inventories		213,254			148,917

The accrual of the provision for slow moving and obsolete inventories recognized within cost of sales for the years ended December 31, 2022 and 2021 is EUR 16,194 thousand and EUR 13,251 thousand respectively. Changes in the provision for slow moving and obsolete inventories are as follows:


	2022			2021
	(EUR thousand)
As at January 1		13,251			12,309
Provision		2,956			1,878
Utilizations and other changes		(13	)		(936	)
As at December 31		16,194			13,251