16. Inventories

As at 31-12-2025

As at 31-12-2024

Raw materials, consumables, technical materials, and packaging

78.8

85.8

Work in progress

16.2

23.9

Finished product

152.2

156.0

Impairment provision

-6.0

-7.6

Total

241.2

258.1

In 2025, inventories of € 605.8 million (2024: € 671.4 million) were recognized as an expense during the year and included in cost of sales. During 2025, € 3.1 million (2024: € 5.3 million) was recognized as an expense for inventories carried at net realizable value. This is recognized in cost of sales.