At the reporting date, the Group had outstanding hedges as detailed in the table below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | At June 30, 2025 | | At December 31, 2024 | | (€ thousands) | Notional amount | | Positive fair value | | Negative fair value | | Notional amount | | Positive fair value | | Negative fair value | | Foreign currency exchange risk | | | | | | | | | | | | | Foreign currency derivatives | 806,615 | | 32,133 | | (4,595) | | 756,316 | | 1,596 | | (14,699) | | Interest rate risk | | | | | | | | | | | | | Interest rate swaps | 81,964 | | 36 | | (537) | | 82,631 | | 115 | | (439) | | Total derivatives instruments - Notional / Assets / (Liabilities) | 888,579 | | 32,169 | | (5,132) | | 838,947 | | 1,711 | | (15,138) |
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