Composition of debt at 09/30/2022

The Group' s total debt increased by €/000 20,775 during the first nine months of 2022. Net of the change in financial liabilities for rights of use and the fair value measurement of financial derivatives to hedge foreign exchange risk and interest rate risk and the adjustment of relative hedged items, as of 30 September 2022 total financial debt of the Group had increased by €/000 14,174.

Net financial debt of the Group amounted to €/000 369,882 as of 30 September 2022 compared to €/000 380,322 as of 31 December 2021.

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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