v3.26.1
Trade receivables (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of Trade Receivable [Abstract]  
Schedule of Breakdown for Trade Receivables
The following table presents a breakdown for trade receivables.
At December 31,
(€ thousands)20252024
Trade receivables before loss allowance250,139263,380
Loss allowance(23,052)(14,590)
Total trade receivables227,087248,790
The following table presents a breakdown for the loss allowance relating to trade receivables.
Loss allowance
(€ thousands)20252024
At January 1,(14,590)(6,681)
Provisions(12,720)(11,174)
Utilizations2,999353
Releases3413,062
Exchange differences and other918(150)
At December 31,(23,052)(14,590)
Schedule of Trade Receivable by Geographic Area
The following table presents trade receivables by geographic area.
At December 31,
(€ thousands)20252024
EMEA (1)
97,06497,619
of which Italy60,89858,460
Americas (2)
57,91465,491
of which United States43,30950,294
Greater China Region43,45756,682
Rest of APAC (3)
28,65228,998
Total trade receivables227,087248,790
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(1)EMEA includes Europe, the Middle East and Africa.
(2)Americas includes the United States of America, Canada, Mexico, Brazil and other Central and South American countries.
(3)Rest of APAC includes Japan, South Korea, Singapore, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries.