Composition of debt at 09/30/2021

The Group's total debt decreased by €/000 84,002 during the first nine months of 2021. 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 2021 total financial debt of the Group had decreased by €/000 78,958.

Net financial debt of the Group amounted to €/000 372,472 as of 30 September 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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