Composition of debt at 03/31/2021

In the first three months of 2021, the Group's total debt increased by €/000 11,594. Net of the change in right of use financial liabilities and the fair value measurement of financial derivatives to hedge foreign exchange risk and interest rate risk and the adjustment of associated hedged items, as of 31 March 2021 total financial debt of the Group had increased by €/000 12,965.

Net financial debt of the Group amounted to €/000 448,565 as of 31 March 2021 compared to €/000 423,617 as of 31 December 2020.

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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