Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 1,002 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 2,502 |
|---|
*Sound liquidity margin covering maturities for the next 3.5 years
Gross Debt Maturity
€ million
Debt Currency Mix2
Share of debt
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.
Net Financial Position
€ million
| Gross debt | Financial Assets | Net Financial Position | |
|---|---|---|---|
| Loan | 1,497 | Cash & Cash equivalents (1,002) | |
| Bond | 1,683 | ||
| IFRS 16 | 484 | Financial receivables & other (233) | |
| Other | 194 | ||
| Total | 3,857 | (1,235) | 2,623 |
Liquidity Profile
€ million
| Liquidity position1 | 1,002 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 2,502 |
|---|
Gross Debt Maturity
€ million
| 2025 | 2026 | 2027 | 2028 | 2029 | 2030 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | 300 | 599 | 598 | - | - | 1,497 |
| Bond | 493 | - | - | 596 | 594 | - | 1,683 |
| IFRS 16 | 107 | 89 | 74 | 56 | 38 | 119 | 484 |
| Other | 179 | 13 | 2 | - | - | - | 194 |
| Total | 779 | 402 | 675 | 1,250 | 632 | 119 | 3,857 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 81.5% | 6.9% | 3.6% | 0.8% | 1.0% | 1.6% | 4.6% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.