Financial position

EUR million	Q1 2024	Q1 2023
Interest-bearing net debt	510.0	369.8
Net debt / comparable EBITDA (LTM), ratio	2.92	1.95
Equity ratio, %	45	49
Net gearing, %	67	48
Cash flow from operating activities before financial items and taxes	-5.5	22.1

Fiskars Group had EUR 250.0 million (250.0) of long-term committed credit facilities and uncommitted overdraft facilities of EUR 49.3 million (46.9). A commercial paper program of EUR 400.0 million was available with Nordic banks. The long-term committed credit facilities were not in use (30.0). Of the commercial paper program, EUR 84.8 million (150.0) was in use.