[24] Inventories
The reported inventories break down as follows:
in € million |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
Materials and supplies |
454.6 |
465.8 |
Work in progress |
294.3 |
318.1 |
Finished goods and merchandise |
945.7 |
959.6 |
Advances paid |
54.1 |
73.7 |
Total inventories |
1,748.6 |
1,817.1 |
In 2024, impairment losses of €56.1 million were recognized on inventories (2023: €50.0 million). Reversals of impairment losses were recognized in an amount of €14.2 million (2023: €11.1 million) because the reasons for the impairment losses no longer existed.