Composition of debt at 3/31/2018

In the 2018 year, the Group’s overall debt increased by €/000 51,444, going up from €/000 584,763 to €/000 635,707. 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 31 March 2018, increased by €/000 53,387.

The Group’s net debt totalled €/000 502,937 as of 31 March 2018, compared to €/000 446,696 as of 31 December 2017.

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.

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