Composition of debt at 03/31/2019

In the first quarter of 2019 year, the Group’s overall debt increased by €/000 40,870, going up from €/000 606,000 to €/000 666,870. 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 2019, increased by €/000 39,867.

The Group’s net debt totalled €/000 476,409 as of 31 March 2019, compared to €/000 429,222 as of 31 December 2018.

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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