Net Debt: EUR 1,123m

(Net debt as of March 31, 2025)

Rating

S&P

January 20, 2025
Outlook stable
Last update (PDF) → 

Fitch Ratings

October 23, 2024
Positive outlook
Last update (PDF, EN) 

Debt structure

(as of March 31, 2025)

Funding sources

Including IFRS16 and On/Off securitization

Image removed.

 

Debt by maturity

Including IFRS16 and On/Off securitization
(in million EUR)

 

Interest rate exposure

Net debt after IR and FX hedging, excluding IFRS16 and including On/Off securitization
 

 Image removed.

Financial covenants

Debt Covenant - Net Debt / EBITDA (including IFRS 16)

(after December 16, 2022 waiver)
 

Testing datesRatio
September 30, 20236.0x
March 31, 20245.25x
September 30, 2024 onwards4.5x

 

Net Debt/EBITDA = 3.3x

(as of March 31, 2025)

Bond

 

ISINBond issueMaturityNominal amount
(in million EUR)		Coupon
XS2360381730 July 8, 2021July 15, 20265503.75%