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

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade receivables and contract assets (Tables)

Trade receivables and contract assets (Tables)

12 Months Ended

Dec. 31, 2022

Trade Receivables And Contract Assets [Abstract]

Summary of Trade Receivables and Contract Assets

Trade receivables and contract assets are analyzed as follows:


	At December 31,			At December 31,
	2022			2021
	(EUR thousand)
Trade receivables		218,695			171,803
Allowance for expected credit losses		(5,961	)		(6,544	)
Total trade receivables		212,734			165,259

Expected credit loss rate		2.7	%		3.8	%

Summary of Trade Receivables Breakdown by Geographical Area

Trade receivables breakdown by geographical area is shown below:


	At December 31,		At December 31,
	2022		2021
	(EUR thousand)
EMEA		121,006		90,518
APAC		25,968		27,200
North America		62,287		43,762
South America		9,434		10,323
Total Trade Receivables		218,695		171,803

Summary of Allowances for Expected Credit Losses on Trade Receivables

Trade receivables are stated net of an allowance for expected credit losses which has been determined in accordance with IFRS 9 amounting to EUR 5,961 thousand and EUR 6,544 thousand for 2022 and 2021 respectively:


	2022			2021
	(EUR thousand)
As at January 1		6,544			7,696
Accruals		683			3,478
Releases		(1,453	)		(4,413	)
Utilizations		(19	)		(390	)
Exchange differences		206			173
As at December 31		5,961			6,544