Financial position
EUR million | 2023 | 2022 |
Interest-bearing net debt | 446.7 | 325.3 |
Net debt / comparable EBITDA (LTM), ratio | 2.54 | 1.55 |
Equity ratio, % | 47 | 53 |
Net gearing, % | 54 | 39 |
Cash flow from operating activities before financial items and taxes | 247.5 | -24.9 |
Fiskars Group had EUR 250.0 million (250.0) of long-term committed credit facilities and uncommitted overdraft facilities of EUR 49.4 million (47.0). A commercial paper program of EUR 400.0 million was available with Nordic banks. The long-term committed credit facilities were not in use (50.0). Of the commercial paper program, EUR 92.4 million (145.6) was in use.