| Schedule of Non-current and Current Borrowings |
The following table provides a breakdown for non-current and current borrowings: | | | | | | | | | | | | | | | | | | | (€ thousands) | Committed loans | | Other borrowings | | Total borrowings | | At December 31, 2024 | 323,563 | | 50,004 | | 373,567 | | Repayments | (116,496) | | (50,004) | | (166,500) | | Proceeds | 89,926 | | 50,000 | | 139,926 | | Other | 1,660 | | — | | 1,660 | | At June 30, 2025 | 298,653 | | 50,000 | | 348,653 | | of which: | | | | | | | Non-current | 174,418 | | — | | 174,418 | | Current | 124,235 | | 50,000 | | 174,235 |
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| Schedule of Financial Liabilities by Maturity Grouping |
The following table summarizes the Group’s financial liabilities at June 30, 2025 into relevant maturity groupings based on their contractual maturities (contractual undiscounted cash flows, including interest):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Contractual cash flows at June 30, 2025 | | Carrying amount at June 30, 2025 | | (€ thousands) | Within 1 year | | Between 1 and 2 years | | Between 2 and 3 years | | Beyond 3 years | | Total contractual cash flows | | | Derivative financial instruments | 4,595 | | 537 | | — | | — | | 5,132 | | 5,132 | | Trade payables and customer advances | 273,359 | | — | | — | | — | | 273,359 | | 273,359 | | Borrowings | 181,500 | | 101,310 | | 30,728 | | 49,809 | | 363,347 | | 348,653 | | Lease liabilities | 160,319 | | 139,722 | | 118,636 | | 379,041 | | 797,718 | | 686,322 | | Other non-current financial liabilities | — | | — | | — | | 118,560 | | 118,560 | | 118,560 | | Total | 619,773 | | 241,569 | | 149,364 | | 547,410 | | 1,558,116 | | 1,432,026 |
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