Financial position

EUR million20232022
Interest-bearing net debt446.7325.3
Net debt / comparable EBITDA (LTM), ratio 2.541.55
Equity ratio, %4753
Net gearing, %5439
Cash flow from operating activities before financial items and taxes247.5-24.9

Fiskars Group had EUR 250.0 million (250.0) of long-term committed credit facilities and uncommitted overdraft facilities of EUR 49.4 million (47.0). A commercial paper program of EUR 400.0 million was available with Nordic banks. The long-term committed credit facilities were not in use (50.0). Of the commercial paper program, EUR 92.4 million (145.6) was in use.