Financial position

EUR million Q3 2022 Q3 2021
Interest-bearing net debt 343.9 137.1
Net debt / EBITDA (LTM) 1.77 0.61
Equity ratio, % 53% 58%
Net gearing, % 41% 17%
Cash flow from operating activities before financial items and taxes -85.3 109.3

Fiskars Group had EUR 250 million of long term committed credit facilities and a commercial paper
program of EUR 400 million with Nordic banks. These funding sources were partly in use. In addition, Fiskars Group had an outstanding bilateral term loan.