$STVN

Stevanato Group S.p.A.

CIK:0001849853|SEC Filings

Consolidated income statement - EUR (€) € in Thousands	12 Months Ended
Consolidated income statement - EUR (€) € in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	€ 1,186,282	€ 1,104,036	€ 1,085,354
Cost of sales	842,406	801,717	745,461
Gross Profit	343,876	302,319	339,893
Other operating income	8,244	9,091	10,423
Selling and marketing expenses	28,219	24,853	24,978
Research and development expenses	25,436	31,668	35,672
General and administrative expenses	99,664	93,747	88,946
Operating Profit	198,801	161,142	200,720
Finance income	12,971	13,495	6,763
Finance expense	22,666	14,349	17,930
Profit Before Tax	189,106	160,288	189,553
Income taxes	49,275	42,522	43,863
Net Profit	139,831	117,766	145,690
Net Profit attributable to:
Equity holders of the parent	139,839	117,778	145,631
Non-controlling interests	€ (8)	€ (12)	€ 59
Earnings per share
Basic earnings per common share (in EUR)	€ 0.51	€ 0.43	€ 0.55
Diluted earnings per common share (in EUR)	€ 0.51	€ 0.43	€ 0.55

Consolidated statement of cash flows - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Profit before tax	€ 189,106	€ 160,288	€ 189,553
Adjustments:
depreciation and impairment of property, plant and equipment	74,914	65,216	62,592
amortization of intangible assets and right of use assets	13,652	15,436	15,888
allowance for doubtful accounts	628	40	661
net interest expense	5,740	5,839	3,733
(gain) from the disposal of non-current assets	(64)	(81)	(477)
Change in other provisions	2,300	3,542	1,585
Change in employee benefits	(446)	126	121
Other non-cash expenses, net	15,047	(6,834)	13,030
Working capital changes net of the effects from purchase of controlled entity:
- inventories and contract assets	(41,455)	12,306	(113,590)
- trade receivables and other assets	891	(3,825)	(93,864)
- trade payables, contract liabilities, advances and other liabilities	91,190	(25,888)	104,973
Interest paid	(6,960)	(7,411)	(3,152)
Interest received	1,440	1,283	922
Income tax paid	(59,906)	(64,261)	(76,765)
Net Cash Flows from operating activities	286,077	155,776	105,210
Cash Flow from investing activities
Purchase of property, plant and equipment	(263,756)	(302,600)	(433,233)
Proceeds from sale of property plant and equipment	1,860	3,147	577
Purchase of intangible assets	(11,276)	(10,971)	(8,696)
Proceeds from/ (purchase of) investments in financial assets	251	385	(4,190)
Proceeds from life insurance policies redemption			27,908
Business combination - net of cash acquired		(175)	(3,589)
Net Cash Flows used in investing activities	(272,921)	(310,214)	(421,223)
Cash Flow from financing activities
Net proceeds from follow on offering of ordinary shares		169,772
Acquisition of non-controlling interests			(250)
Dividends paid	(14,737)	(14,457)	(14,294)
Payment of principal portion of lease liabilities	(6,279)	(6,476)	(5,939)
Proceeds from borrowings	150,001	190,172	247,512
Repayments of borrowings	(106,923)	(155,790)	(68,999)
Net Cash Flows from/(used in) financing activities	22,062	183,221	158,030
Net change in cash and cash equivalents	35,218	28,783	(157,983)
Net foreign exchange differences on cash and cash equivalents	(2,885)	(115)	(1,155)
Cash and cash equivalents at Beginning Balance	98,270	69,602	228,740
Cash and cash equivalents at Ending Balance	€ 130,603	€ 98,270	€ 69,602

Consolidated statement of financial position - EUR (€) € in Thousands	Dec. 31, 2025	Dec. 31, 2024
Non-current assets
Goodwill	€ 49,983	€ 49,983
Intangible assets	36,866	33,590
Right of use assets	12,362	15,736
Property, plant and equipment	1,391,560	1,248,402
Financial assets - investments FVTPL	171	200
Other non-current financial assets	5,810	5,441
Deferred tax assets	103,872	95,344
Total non-current assets	1,600,624	1,448,696
Current assets
Inventories	268,247	245,217
Contract assets	180,459	168,515
Trade receivables	302,688	295,951
Other current financial assets	10,778	1,329
Tax receivables	14,586	17,440
Other receivables	35,989	53,179
Cash and cash equivalents	130,603	98,270
Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners	943,350	879,901
Non-current assets held for sale		222
Total current assets	943,350	880,123
Total assets	2,543,974	2,328,819
Equity
Share capital	22,232	22,232
Reserves and retained earnings	1,324,412	1,264,329
Net profit attributable to equity holders of the parent	139,839	117,778
Equity attributable to equity holders of the parent	1,486,483	1,404,339
Non-controlling interests	38	46
Total equity	1,486,521	1,404,385
Non-current liabilities
Non-current financial liabilities	347,367	317,678
Employees benefits	6,784	7,163
Non-current provisions	3,162	2,793
Deferred tax liabilities	13,259	12,560
Non-current advances from customers	98,848	44,046
Other non-current liabilities	52,155	62,720
Total non-current liabilities	521,575	446,960
Current liabilities
Current financial liabilities	123,507	116,927
Current provisions	4,394	4,139
Trade payables	263,308	231,020
Contract liabilities	10,414	16,545
Advances from customers	33,425	16,622
Tax payables	22,426	25,431
Other liabilities	78,404	66,790
Total current liabilities	535,878	477,474
Total liabilities	1,057,453	924,434
Total equity and liabilities	€ 2,543,974	€ 2,328,819