Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 1,606 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 3,106 |
|---|
*Liquidity margin covered maturities up to 3Q 2029
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 | 1,198 | Liquidity position (1,606) | |
| Bond | 1,192 | ||
| IFRS 16 | 458 | Financial receivables & other (253) | |
| Other | 112 | ||
| Total | 2,960 | (1,858) | 1,102 |
Liquidity Profile
€ million
| Liquidity position1 | 1,606 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 3,106 |
|---|
Gross Debt Maturity
€ million
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | 599 | 599 | - | - | - | 1,198 |
| Bond | - | - | 597 | 595 | - | - | 1,192 |
| IFRS 16 | 102 | 88 | 70 | 49 | 24 | 125 | 458 |
| Other | 111 | 1 | - | - | - | - | 112 |
| Total | 213 | 689 | 1,265 | 644 | 24 | 125 | 2,960 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 83.2% | 6.0% | 2.9% | 0.7% | 0.8% | 2.7% | 3.6% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.