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Financing

Interest-bearing liabilities as at 31 December 2017

• Interest-bearing liabilities EUR 237.1 (172.4) million
• Interest-bearing net debt EUR 155.7 (109.7) million
• Gearing 32.7% (22.5)
• Equity ratio 42.6% (47.3)

Our credit programmes Amount Matures
Bond EUR 100 million May 2019
Bond EUR 100 million Sep 2024
Commercial Paper Programme EUR 250 million  
   in use on 31 Dec 2017 EUR 115 million  
Committed syndicated credit facility EUR 150 million May 2021
   in use on 31 Dec 2017 None  

Our group treasury actively follow the money market and is in line with the Group Treasury Policy, which hedges against interest rate risk. Forward rate and interest rate swap agreements are also possible if desired.


Bond 2013–2019
Listing prospectus

Bond 2018 - 2024
Listing prospectus

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