Composition of debt at 09/30/2017

In the 2017 year, the Group’s overall debt decreased by €/000 86,557, going up from €/000 708,550 to €/000 621,993. Total financial debt of the Group, net of the fair value measurement of financial derivatives to hedge foreign exchange risk and interest rate risk and adjustment of relative hedged items, as of 30 September 2017, decreased by €/000 72,579.

The Group’s net debt totalled €/000 430,747 as of 30 September 2017, compared to €/000 490,956 as of 31 December 2016.

Non-current portion

Current portion

 

Covenant

The Group credit facilities and loans are unsecured.  Certain medium term facilities include financial covenants in line with market practice for borrowers with similar credit standing.  The financial covenants calculated based on the most recent relevant financial statements have fully satisfied the thresholds required.

Share on...