Stevanato Group S.p.A. Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Expenses

Expenses

12 Months Ended

Dec. 31, 2024

Analysis of income and expense [abstract]

9. Expenses

Expenses are detailed as follows:


	For the year ended December 31,
	2024		2023		2022
	(EUR thousand)
Selling and marketing expenses		24,853		24,978		26,086
Research and development expenses		31,668		35,672		34,387
General and administrative expenses		93,747		88,946		85,747
Total Expenses		150,268		149,596		146,220

Selling and marketing expenses are mainly related to personnel expenses for the sales organizations and to business development and events costs, travel expenses and other marketing strategic consultancies. They also include net accruals of the provision for bad and doubtful debts for EUR 65 thousand (respectively EUR 682 thousand net accrual in 2023 and EUR 759 thousand net release in 2022).

Research and development expenses include costs for research and development activities to support the innovation of our products and components.

General and administrative expenses consists mainly of personnel expenses for administrative functions, consultancies, directors' compensation, insurance costs (such as Directors & Officers insurance), IT expenses (such as licenses) and rental fees.