Stevanato Group S.p.A. 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, 2023

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,
	2023			2022
	(EUR thousand)
Trade receivables		308,425			218,695
Allowance for expected credit losses		(6,656	)		(5,961	)
Total trade receivables		301,769			212,734

Summary of Trade Receivables Breakdown by Geographical Area

Trade receivables breakdown by geographical area is shown below:


	At December 31,		At December 31,
	2023		2022
	(EUR thousand)
EMEA		176,638		121,006
APAC		37,574		25,968
North America		79,529		62,287
South America		14,684		9,434
Total Trade Receivables		308,425		218,695

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 6,656 thousand and EUR 5,961 thousand for 2023 and 2022 respectively:


	2023			2022
	(EUR thousand)
At January 1		5,961			6,544
Accruals		1,489			683
Releases		(807	)		(1,453	)
Utilizations		(21	)		(19	)
Exchange differences and other changes		34			206
At December 31		6,656			5,961