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

Other Information by Nature

Other Information by Nature

12 Months Ended

Dec. 31, 2023

Disclosure of attribution of expenses by nature to their function [abstract]

10. Other information by nature

The breakdown of the Selling and marketing, Research and development and General and administrative expenses by nature is as follows:


	For the year ended December 31,
	2023		2022			2021
	(EUR thousand)
Personnel		63,939		64,543			46,489
Other costs and incomes		71,195		71,164			56,886
Depreciation and amortization		13,780		11,273			10,124
Expected credit losses		682		(760	)		(933	)
Total expenses		149,596		146,220			112,566

Depreciation and amortization can be broken down as follows:


	For the year ended December 31,
	2023		2022		2021
	(EUR thousand)
Cost of sales		64,700		53,550		46,258
Selling and marketing expenses		700		722		787
Research and development expenses		4,754		3,468		3,353
General and administrative expenses		8,326		7,082		5,985
Total depreciation & amortization		78,480		64,822		56,383

Depreciation and amortization recognized among general and administrative expenses include amortization of fair value adjustments from purchase price allocations on trademarks related to Balda Group companies amounting to EUR 1,039 thousand (EUR 1,039 thousand in 2022 and in 2021).

For further details on amortization and depreciation for the years ended December 31, 2023 and 2022, reference should be made to the movements in property, plant and equipment, intangible assets and right of use assets (Note 17 - 18 - 34).