Composition of debt at 09/310/2018

In the first nine months of 2018 year, the Group’s overall debt increased by €/000 25,814, going up from €/000 584,263 to €/000 610,077. 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 30 September 2018, increased by €/000 27,844.

The Group’s net debt totalled €/000 405,109 as of 30 September 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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