Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 948 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 2,448 |
|---|
*Liquidity margin covers debt maturities until 4Q’28
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 | 1,596 | Cash & Cash equivalents (948) | |
| Bond | 1,677 | ||
| IFRS 16 | 484 | Financial receivables & other (260) | |
| Other | 267 | ||
| Total | 4,024 | (1,208) | 2,816 |
Liquidity Profile
€ million
| Liquidity position1 | 948 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 2,448 |
|---|
Gross Debt Maturity
€ million
| 2024 | 2025 | 2026 | 2027 | 2028 | 2029 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | 100 | 300 | 599 | 598 | - | 1,596 |
| Bond | - | 488 | - | - | 596 | 593 | 1,677 |
| IFRS 16 | 102 | 87 | 71 | 60 | 42 | 121 | 484 |
| Other | 235 | 30 | - | 2 | - | - | 267 |
| Total | 337 | 705 | 371 | 660 | 1,236 | 715 | 4,024 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 80.0% | 8.8% | 3.6% | 1.0% | 1.0% | 1.5% | 4.1% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.