Composition of debt at 12/31/2020

During the first half of 2020, the Group's total debt increased by €/000 28,838. Excluding 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 31 December 2020 total financial debt of the Group had increased by €/000 35,048.

Net financial debt of the Group amounted to €/000 423,617 as of 31 December 2020 compared to €/000 429,744 as of 31 December 2019

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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