Financial position

EUR million Q2 2020 Q2 2019
Interest-bearing net debt 289.5 278.0
Equity ratio, % 49% 56%
Net gearing, % 38% 37%
Cash flow from operating activities before financial items and taxes 55.8 48.1

 

At the end of Q2, EUR 98.0 million (30.0) of the company’s EUR 400 million commercial paper program was in use. In addition to outstanding loans, Fiskars Group had EUR 300 million of unused long-term committed credit facilities with Nordic banks.