Financial position

EUR million Q2 2021 Q2 2020
Interest-bearing net debt 145.3 289.5
Equity ratio, % 56% 49%
Net gearing, % 19% 38%
Cash flow from operating activities before financial items and taxes 46.7 55.8

In addition to outstanding loans, Fiskars Group had EUR 300 million of unutilized long-term committed credit facilities and a commercial paper program of EUR 400 million with Nordic banks.