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Debt Structure as of December 31, 2024

02/13/2025 - 10:00 AM

FY 2024 Results

Reported adjusted gross financial debt: € 15,189 mln

Available Liquidity Margin - € bln
Out of € 5.1 bln Financial Assets4.4+
Revolving Credit Facility of € 4 bln expiring in May 20264.0=
Liquidity Margin

8.4

 

  • Average debt maturity: 6.75 years (bonds only: 5.6 years)
  • Fixed rate portion on gross debt approximately 82%
  • About 20% of the outstanding bonds (nominal value) is denominated in USD and 10% in BRL, fully hedged vs accounting currencies
  • Cost of debt: ~6.0%

NOTE: The figures are net of the adjustment due to the fair value measurement of derivatives and related financial liabilities/assets, as follows:

the impact on Gross Financial Debt is equal to 353 €/mln (of which 62 €/mln on bonds),

the impact on Financial Assets is equal to 242 €/mln, 

therefore, the Net Financial Indebtedness is adjusted by 111 €/mln.