Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Trade receivables and contract assets (Tables)

v3.25.0.1
Trade receivables and contract assets (Tables)
12 Months Ended
Dec. 31, 2024
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,

 

 

 

2024

 

 

2023

 

 

 

(EUR thousand)

 

Trade receivables

 

 

302,655

 

 

 

308,425

 

Allowance for expected credit losses

 

 

(6,704

)

 

 

(6,656

)

Total trade receivables

 

 

295,951

 

 

 

301,769

 

 

 

 

 

 

 

 

Summary of Trade Receivables Breakdown by Geographical Area

Trade receivables breakdown by geographical area is shown below:

 

 

 

At December 31,

 

 

At December 31,

 

 

 

2024

 

 

2023

 

 

 

(EUR thousand)

 

EMEA

 

 

147,675

 

 

 

176,638

 

APAC

 

 

43,989

 

 

 

37,574

 

North America

 

 

101,416

 

 

 

79,529

 

South America

 

 

9,575

 

 

 

14,684

 

Total Trade Receivables

 

 

302,655

 

 

 

308,425

 

 

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 6,704 thousand and EUR 6,656 thousand for 2024 and 2023 respectively:

 

 

 

2024

 

 

2023

 

 

 

(EUR thousand)

 

At January 1

 

 

6,656

 

 

 

5,961

 

Accruals

 

 

1,411

 

 

 

1,489

 

Releases

 

 

(1,346

)

 

 

(807

)

Utilizations

 

 

(25

)

 

 

(21

)

Exchange differences and other changes

 

 

8

 

 

 

34

 

At December 31

 

 

6,704

 

 

 

6,656