Financial position

EUR million Q1 2020 Q1 2019
Interest-bearing net debt 331.3 321.6
Equity ratio, % 51% 65%
Net gearing, % 44% 26%
Cash flow from operating activities before financial items and taxes -37.5 -25.8

 

At the end of Q1, EUR 122.0 million (53.0) 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.