Composition of debt at 06/30/2021

During the first half of 2021, the Group's total debt fell by €/000 25,119. 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 relative hedged items, as of 30 June 2021 total financial debt of the Group decreased by €/000 23,720.

Net financial debt of the Group amounted to €/000 401,859 as of 30 June 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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