Financing

The funding available to the company under the credit facilities committed as at 30 September 2011 amounted to €57.3 million (31 December 2010: €97.4 million). Net debts to credit institutions increased from €744.2 million at year-end 2010 to €760.2 million as at 30 September 2011. The average remaining maturity of the loans decreased from 2.3 years at year-end 2010 to 1.8 years and the fixed-interest part of the mortgage loans decreased from 93.7% at year-end 2010 to 91.7% as at 30 September 2011. The average interest rate on the loans including the interest-rate hedging instruments decreased from 4.4% to 4.1%, including margin, on 30 September 2011. The interest-rate coverage ratio was 2.7 on 30 September 2011 (31 December 2010: 2.7).


Go to interim report at 30 September 2011