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

Employee Benefits Expense

v3.25.4
Employee Benefits Expense
12 Months Ended
Dec. 31, 2025
Classes of employee benefits expense [abstract]  
Employee Benefits Expense

13. Employee benefits expense

Employee benefits expense is detailed as follows:

 

 

 

For the year ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(EUR thousand)

 

Included in Cost of sales:

 

 

 

 

 

 

 

 

 

Wages and salaries

 

 

204,705

 

 

 

186,833

 

 

 

175,090

 

Social security costs

 

 

42,425

 

 

 

41,364

 

 

 

40,025

 

Pension costs

 

 

11,030

 

 

 

7,346

 

 

 

7,036

 

Share-based payment expense

 

 

108

 

 

 

132

 

 

 

113

 

Included in Selling and Marketing expenses:

 

 

 

 

 

 

 

 

 

Wages and salaries

 

 

16,431

 

 

 

13,504

 

 

 

12,423

 

Social security costs

 

 

2,575

 

 

 

2,590

 

 

 

2,442

 

Pension costs

 

 

464

 

 

 

409

 

 

 

390

 

Share-based payment expense

 

 

230

 

 

 

427

 

 

 

57

 

Included in Research and Development expenses:

 

 

 

 

 

 

 

 

 

Wages and salaries

 

 

12,668

 

 

 

16,352

 

 

 

14,430

 

Social security costs

 

 

1,968

 

 

 

2,101

 

 

 

1,862

 

Pension costs

 

 

492

 

 

 

679

 

 

 

466

 

Share-based payment expense

 

 

38

 

 

 

(46

)

 

 

167

 

Included in General and Administrative expenses:

 

 

 

 

 

 

 

 

 

Wages and salaries

 

 

30,287

 

 

 

29,487

 

 

 

24,518

 

Social security costs

 

 

6,320

 

 

 

5,299

 

 

 

4,846

 

Pension costs

 

 

1,154

 

 

 

1,116

 

 

 

699

 

Share-based payment expense

 

 

384

 

 

 

1,422

 

 

 

1,639

 

Total employee benefits expense

 

 

331,279

 

 

 

309,015

 

 

 

286,203

 

 

The average size of the Group's workforce during the year is as follows:

 

 

For the year ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

Executives

 

 

77

 

 

 

80

 

 

 

70

 

Managers

 

 

244

 

 

 

220

 

 

 

211

 

Employees

 

 

5,474

 

 

 

5,282

 

 

 

5,260

 

Total Workforce

 

 

5,795

 

 

 

5,582

 

 

 

5,541