Net Financial Position

Composition of the Group's Net Financial Position at period end

Amounts in thousands of Euro

31 Dec 2024(1)

31 Dec 2023(1)

31 Dec 2022(1)

31 Dec 2021(1)

31 Dec 2020(1)

31 Dec 2019(1)

Cash and cash equivalent and Financial receivable

 1,011,939 689,521 1.094,971 982,917

443,517

423,448

Long term financial debt

 -220,941 -338,422 -395,656 -492,801

-451,200

-584,141

Short term financial debt

 -191,396 -154,191 -164,415 -252,463

-303,674

-244,851

Net financial position surplus/(deficit)

 599,602 196,908 534,900 237,653

-311,357

-405,544

(1)  the financial debt does not include the lease liability recognized under "IFRS 16 Leases"

The Group's financial debt is mainly composed of variable interest rates bank debt, whose risk of fluctuation is hedged by using derivative financial instruments, as explained in the Annual Report.

Financial debt

financial debt

31 Dec 2024

31 Dec 2023

31 Dec 2022

31 Dec 2021

31 Dec 2020

31 Dec 2019

variable interest rate

 45% 54% 55% 82%

69%

56%

fixed interest rate

 55% 46% 45% 18%

31%

44%

Composition of the Long Term Financial Debt at 31 December 2024 by maturity

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