Financial position

EUR million Q3 2020 Q3 2019
Interest-bearing net debt 214.0 317.1
Equity ratio, % 51% 55%
Net gearing, % 29% 42%
Cash flow from operating activities before financial items and taxes 115.6 10.5

 

At the end of Q3, EUR 43.0 million (65.0) 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.