COMMITMENTS

Arrangements with key suppliers

From time to time, in the ordinary course of business, the Group enters into various arrangements with key third party suppliers in order to establish strategic and technological advantages. A limited number of these arrangements contain unconditional purchase obligations to purchase a fixed or minimum quantity of goods and/or services with fixed and determinable price provisions.

Arrangements with sponsors

Certain of the Group’s sponsorship contracts include terms whereby the Group is obligated to purchase a minimum quantity of goods and/or services from its sponsors.

Future minimum purchase obligations under these supplier and sponsorship arrangements at December 31, 2019 were as follows:

At December 31, 2019

Due within one year

Due between one and three years

Due between three and five years

Due beyond five years

Total

(€ thousand)

Minimum purchase obligations

72,352

16,208

4,403

—

92,963

Non-cancellable lease agreements

The future aggregate minimum lease payments under non-cancellable leases, mainly relating to the lease of property and cars, are as follows:

At December 31, 2019

Due within one year

Due between one and three years

Due between three and five years

Due beyond five years

Total

(€ thousand)

Future minimum lease payments under lease agreements

20,899

17,242

10,577

14,885

63,603