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, 2021

22. Inventories

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


	At December 31,			At December 31,
(EUR thousand)	2021			2020
Raw materials		58,484			41,889
Semifinished products		29,878			46,479
Finished products		64,252			55,394
Advances to suppliers		9,554			7,920
Provision from slow moving and obsolescence		(13,251	)		(12,309	)
Total inventories		148,917			139,373

The accrual of the provision for slow moving and obsolete inventories recognized within cost of sales for the years ended December 31, 2021 and 2020 is EUR 1,878 thousand and EUR 2,109 thousand respectively. Changes in the provision for slow moving and obsolete inventories are as follows:


(EUR thousand)	2021			2020
As at January 1		12,309			13,252
Provision		1,878			2,109
Utilizations and other changes		(936	)		(3,052	)
As at December 31		13,251			12,309