diff --git a/addons/report/models/res_company.py b/addons/report/models/res_company.py
index 8f72b95546c..9b070ebcd93 100644
--- a/addons/report/models/res_company.py
+++ b/addons/report/models/res_company.py
@@ -6,7 +6,7 @@ from odoo import api, fields, models
 class ResCompany(models.Model):
     _inherit = 'res.company'
 
-    paperformat_id = fields.Many2one('report.paperformat', 'Paper format')
+    paperformat_id = fields.Many2one('report.paperformat', 'Paper format', default=lambda self: self.env.ref('report.paperformat_euro'))
     external_report_layout = fields.Selection([
         ('background', 'Background'),
         ('boxed', 'Boxed'),