Key financial indicators

Overview of key financial indicators in 1-3 2020

Sales (in HRKm) 1-3 2020 1-3 2019 % change
Total revenues of Podravka Group 1,198.0 1,030.6 16.2%
Sales revenues of Podravka Group 1,228.7 1,017.4 20.8%
Sales revenues of Food 970.9 815.5 19.1%
Sales revenues of Pharma 257.9 201.9 27.7%
Podravka Group's profitability (in HRKm) 1-3 2020 1-3 2019 % change
Group's gross profit 457.2 384.0 19.1%
Group's gross profit margin 37.2% 37.7% -54 bb
Group's EBITDA 177.2 156.5 13.2%
Group's EBITDA margin 14.4% 15.4% -96 bb
Group's EBIT 123.0 104.4 17.8%
Group's EBIT margin 10.0% 10.3% -25 bb
Group's net profit after MI 91.0 80.1 13.5%
Group's net profit margin after MI 7.4% 7.9% -47 bb
Podravka Group's balance sheet (in HRKm) 31.3.2020 31.12.2019 % change
Total assets 5,264.0 4,883.8 7.8%
Shareholders' equity 3,275.7 3,173.1 3.2%
Minority interests 47.6 46.3 2.8%
Cash and cash equivalents 264.9 55.6 376.5%
Financial debt 1,021.1 878.0 16.3%
Net debt 756.2 822.4  (0.1%)
Podravka Group's cash flow (in HRKm) 1-3 2020 1-3 2019 % change
Net cash flow from operating activities 134.5 50.3 167.6%
Capital expenditures 47.2 24.1 95.7%
Depreciation and amortization 54.2 52.1 4.1%
Free cash flow 87.4 87.4 8736.5%
Podravka Group's ratios and indicators 31.3.2020 31.12.2019 % change
Employee number at the end of period (in units) 6,756 6,652 1.6%
P&L interest expense (in HRKm) 13.7 14.9  (0.1%)
Sales revenues / Number of employees (in HRK000) 683.9 662.9 3.2%
Net profit after MI / Sales revenues (in HRK000) 34.4 33.3 3.3%
Return on average assets 4.7% 4.7% +1 bb
Return on average capital 7.3% 7.3% +1 bb
Return on average invested capital 5.6% 5.9% -33 bb
Total shareholders' equity / Total assets 63.1% 63.1% 0.63
EBIT / P&L interest expense 23.1 20.1 14.6%
Net debt / EBITDA 1.4 1.6  (0.1%)
Sales (in HRKm) 2019 2018 % change
Total revenues of Podravka Group 4,460.2 4,240.5 5.2%
Sales revenues of Podravka Group 4,409.4 4,232.1 4.2%
Sales revenues of Food 3,454.0 3,335.3 3.6%
Sales revenues of Pharma 955.4 896.9 6.5%
Podravka Group's profitability (in HRKm) 2019 2018 % change
Group's gross profit 1,631.5 1,558.4 4.7%
Group's gross profit margin 37.0% 36.8% +18 bb
Group's EBITDA 509.0 463.7 9.8%
Group's EBITDA margin 11.5% 11.0% +59 bb
Group's EBIT 283.5 258.4 9.7%
Group's EBIT margin 6.4% 6.1% +32 bb
Group's net profit after MI 221.6 205.7 7.7%
Group's net profit margin after MI 5.0% 4.9% +16 bb
Podravka Group's balance sheet (in HRKm) 2019 2018 % change
Total assets 4,883.8 4,846.1 0.8%
Shareholders' equity 3,173.1 3,005.3 5.6%
Minority interests 46.3 42.4 9.4%
Cash and cash equivalents 55.6 211.1 -73.7%
Financial debt 878.0 966.2 -9.1%
Net debt 822.4 755.1 8.9%
Podravka Group's cash flow (in HRKm) 31.12.2019 31.12.2018 % change
Net cash flow from operating activities 272.9 316.9 -13.9%
Capital expenditures 153.9 166.1 -7.4%
Depreciation and amortization 216.0 192.7 12.1%
Free cash flow 119.0 150.8 -21.1%
Podravka Group's ratios and indicators 31.12.2019 31.12.2018 % change
Employee number at the end of period (in units) 6,652.0 6,516 2.1%
P&L interest expense (in HRKm) 14.9 17.93 -17.0%
Sales revenues / Number of employees (in HRK000) 662.9 649.50 2.1%
Net profit after MI / Sales revenues (in HRK000) 33.3 31.57 5.5%
Return on average assets 0.0 4.49% +22 bb
Return on average capital 0.1 7.48% -17 bb
Return on average invested capital 0.1 6.30% -37 bb
Total shareholders' equity / Total assets 0.7 62.89% +303 bb
EBIT / P&L interest expense 20.1 15.2 32.7%
Net debt / EBITDA 1.6 1.6 -1.8%
Sales (in HRKm) 1-9 2019 1-9 2018 % change
Total revenues of Podravka Group 3,261.3 3,088.1 5.6%
Sales revenues of Podravka Group 3,238.5 3,078.3 5.2%
Sales revenues of Food 2,550.3 2,439.0 4.6%
Sales revenues of Pharma 688.2 639.3 7.7%
Podravka Group's profitability (in HRKm) 1-9 2019 1-9 2018 % change
Group's gross profit 1,206.1 1,144.2 5.4%
Group's gross profit margin 37.2% 37.2% +7 bb
Group's EBITDA 413.2 379.4 8.9%
Group's EBITDA margin 12.8% 12.3% +43 bb
Group's EBIT 252.2 238.8 5.6%
Group's EBIT margin 7.8% 7.8% +3 bb
Group's net profit after MI 194.3 185.9 4.5%
Group's net profit margin after MI 6.0% 6.0% -4 bb
Podravka Group's balance sheet (in HRKm) 1-9 2019 1-9 2018 % change
Total assets 4,985.4 4,846.1 2.9%
Shareholders' equity 3,137.2 3,005.3 4.4%
Minority interests 45.6 42.4 7.6%
Cash and cash equivalents 129.3 211.1 -38.7%
Financial debt 984.6 966.2 1.9%
Net debt 855.2 755.1 13.3%
Podravka Group's cash flow (in HRKm) 30.09.2019 31.12.2018 % change
Net cash flow from operating activities 219.4 146.6 49.7%
Capital expenditures 101.4 108.5 -6.5%
Depreciation and amortization 161.1 140.6 14.5%
Free cash flow 118.0 38.1 209.7%
Podravka Group's ratios and indicators 30.09.2019 31.12.2018 % change
Employee number at the end of period (in units) 6,872 6,517 5.4%
P&L interest expense (in HRKm) 15.5 17.9 -13.8%
Sales revenues / Number of employees (in HRK000) 639.2 649.4 -1.6%
Net profit after MI / Sales revenues (in HRK000) 31.1 31.6 -1.3%
Return on average assets 4.5% 4.3% +19 bb
Return on average capital 7.0% 7.1% -8 bb
Return on average invested capital 5.7% 5.4% +25 bb
Total shareholders' equity / Total assets 63.8% 62.9% +95 bb
EBIT / P&L interest expense 17.6 14.4 22.0%
Net debt / EBITDA 1.7 1.6 5.6%
Sales (in HRKm) 1-6 2019 1-6 2018 % change
Total revenues of Podravka Group 2,156.2 2,031.7 6.1%
Sales revenues of Podravka Group 2,139.5 2,035.1 5.1%
Sales revenues of Food 1,684.3 1,602.2 5.1%
Sales revenues of Pharma 455.2 432.8 5.2%
Podravka Group's profitability (in HRKm) 1-6 2019 1-6 2018 % change
Group's gross profit 803.8 760.6 5.7%
Group's gross profit margin 37.6% 37.4%  +19 bp
Group's EBITDA 288.6 243.5 18.5%
Group's EBITDA margin 13.5% 12.0%  +152 bp
Group's EBIT 182.9 149.2 22.6%
Group's EBIT margin 8.5% 7.3%  +122 bp
Group's net profit after MI 140.0 120.7 16.1%
Group's net profit margin after MI 6.5% 5.9%  +62 bp
Podravka Group's balance sheet (in HRKm) 1-6 2019 1-6 2018 % change
Total assets 4,939.8 4,846.1 1.9%
Shareholders' equity 3,080.8 3,005.3 2.5%
Minority interests 44.6 42.4 5.3%
Cash and cash equivalents 146.9 211.1 -30.4%
Financial debt 922.8 966.2 -4.5%
Net debt 775.9 755.1 2.7%
Podravka Group's cash flow (in HRKm) 30.06.2019 31.12.2018 % change
Net cash flow from operating activities 152.8 99.0 53.8%
Capital expenditures 65.6 67.4 -2.7%
Depreciation and amortization 105.8 94.3 12.1%
Free cash flow 87.2 31.6 175.8%
Podravka Group's ratios and indicators 30.06.2019 31.12.2018 % change
Employee number at the end of period (in units) 6,793 6,517 4.2%
P&L interest expense (in HRKm) 16.5 17.9 -8.2%
Sales revenues / Number of employees (in HRK000) 638.4 649.4 -1.7%
Net profit after MI / Sales revenues (in HRK000) 33.1 31.6 4.9%
Return on average assets 5.0% 4.5%  +52 bp
Return on average capital 7.9% 7.5%  +46 bp
Return on average invested capital 6.2% 5.4% +37 bp
Total shareholders' equity / Total assets 63.3% 62.9%  +38 bp
EBIT / P&L interest expense 18.7 15.2 23.5%
Net debt / EBITDA 1.5 1.6 -6.8%
Sales (in HRKm) 1-3 2019 1-3 2018 % change
Total revenues of Podravka Group 1,030.6 987.1 4.4%
Sales revenues of Podravka Group 1,017.4 988.9 2.9%
Sales revenues of Food 815.5 789.8 3.3%
Sales revenues of Pharma 201.9 199.0 1.4%
Podravka Group's profitability (in HRKm) 1-3 2019 1-3 2018 % change
Group's gross profit 384.0 371.5 3.4%
Group's gross profit margin 37.7% 37.6% +17 bb
Group's EBITDA 156.5 135.6 15.4%
Group's EBITDA margin 15.4% 13.7% +166 bp
Group's EBIT 104.4 87.7 19.1%
Group's EBIT margin 10.3% 8.9% +139 bp
Group's net profit after MI 80.1 69.8 14.8%
Group's net profit margin after MI 7.9% 7.1% +82 bp
Podravka Group's balance sheet (in HRKm) 31.03.2019 31.12.2018 % change
Total assets 4,904.6 4,846.1 1.2%
Shareholders' equity 3,086.5 3,005.3 2.7%
Minority interests 43.9 42.4 3.5%
Cash and cash equivalents 145.1 211.1 -31.3%
Financial debt 984.2 966.2 1.9%
Net debt 839.1 755.1 11.1%
Podravka Group's cash flow (in HRKm) 1-3 2019 1-3 2018 % change
Net cash flow from operating activities 50.3 -41.4 -221.3%
Capital expenditures 24.1 24.5 -1.5%
Depreciation and amortization 52.1 47.9 8.6%
Free cash flow 26.2  (65.9) -139.7%
Podravka Group's ratios and indicators 31.03.2019 31.12.2018 % change
Employee number at the end of period (in units) 6,657 6,517 2.1%
P&L interest expense (in HRKm) 17.1 17.9 -4.6%
Sales revenues / Number of employees (in HRK000) 640.0 649.4 -1.4%
Net profit after MI / Sales revenues (in HRK000) 32.5 31.6 2.8%
Return on average assets 4.6% 4.3% +29 bp
Return on average capital 7.2% 7.1% +8 bp
Return on average invested capital 5.8% 5.4% +37 bp
Total shareholders' equity / Total assets 63.8% 62.9% +93 bp
EBIT / P&L interest expense 16.1 14.4 11.6%
Net debt / EBITDA 1.7 1.6 6.3%
Sales (in HRKm) 1-12 2018 1-12 2017 % change
Total revenues of Podravka Group 4,240.5 4,110.9 3.2%
Sales revenues of Podravka Group 4,232.1 4,111.2 2.9%
Sales revenues of Food 3,335.3 3,243.7 2.8%
Sales revenues of Pharma 896.9 867.5 3.4%
Podravka Group's profitability (in HRKm) 1-12 2018 1-12 2017 % change
Group's gross profit 1,558.4 1,484.1 5.0%
Group's gross profit margin 36.8% 36.1% +72 bp
Group's EBITDA 463.7 374.1 24.0%
Group's EBITDA margin 11.0% 9.1% +186 bp
Group's EBIT 258.4 91.1 183.8%
Group's EBIT margin 6.1% 2.2% +389 bp
Group's net profit after MI 205.7 18.2 1027.2%
Group's net profit margin after MI 4.9% 0.4% +442 bp
Podravka Group's balance sheet (in HRKm) 31.12.2018 31.12.2017 % change
Total assets 4,846.1 5,061.4  (0.0%)
Shareholders' equity 3,005.3 2,860.1 5.1%
Minority interests 42.4 36.7 15.5%
Cash and cash equivalents 211.1 362.1  (0.4%)
Financial debt 966.2 1,271.1  (0.2%)
Net debt 755.1 909.1  (0.2%)
Podravka Group's cash flow (in HRKm) 1-12 2018 1-12 2017 % change
Net cash flow from operating activities 316.9 473.4  (0.3%)
Capital expenditures 166.1 206.8  (0.2%)
Depreciation and amortization 192.7 194.0  (0.0%)
Free cash flow 150.8 266.6  (0.4%)
Podravka Group's ratios and indicators 31.12.2018 31.12.2017 % change
Employee number at the end of period (in units) 6,517 6,306 3.3%
P&L interest expense (in HRKm) 17.9 26.9  (0.3%)
Sales revenues / Number of employees (in HRK000) 649.4 651.9  (0.0%)
Net profit after MI / Sales revenues (in HRK000) 31.6 2.9 990.7%
Return on average assets 4.3% 0.5% +381 bp
Return on average capital 7.1% 0.8% +630 bp
Return on average invested capital 5.4% 1.9% +351 bp
Total shareholders' equity / Total assets 62.9% 57.2% +566 bp
EBIT / P&L interest expense 14.4 3.4 325.3%
Net debt / EBITDA 1.6 2.4  (0.3%)
Sales (in HRKm) 1-9 2018 1-9 2017 % change
Total revenues of Podravka Group 3,088.1 2,979.5 3.6%
Sales revenues of Podravka Group 3,078.3 2,983.1 3.2%
Sales revenues of Food 2,439.0 2,372.3 2.8%
Sales revenues of Pharma 639.3 610.8 4.7%
Podravka Group's profitability (in HRKm) 1-9 2018 1-9 2017 % change
Group's gross profit 1,144.2 1,061.7 7.8%
Group's gross profit margin 37.2% 35.6% +158 bp
Group's EBITDA 379.4 254.4 49.1%
Group's EBITDA margin 12.3% 8.5% +380 bp
Group's EBIT 238.8 110.5 116.0%
Group's EBIT margin 7.8% 3.7% +405 bp
Group's net profit after MI 185.9 54.1 243.8%
Group's net profit margin after MI 6.0% 1.8% +423 bp
Podravka Group's balance sheet (in HRKm) 30.09.2018 31.12.2017 % change
Total assets 4,848.1 5,061.4  (0.0%)
Shareholders' equity 2,987.1 2,860.1 4.4%
Minority interests 40.5 36.7 10.5%
Cash and cash equivalents 146.0 362.1  (0.6%)
Financial debt 1,015.1 1,271.1  (0.2%)
Net debt 869.1 909.1  (0.0%)
Podravka Group's cash flow (in HRKm) 1-9 2018 1-9 2017 % change
Net cash flow from operating activities 146.6 193.1  (0.2%)
Capital expenditures 108.5 158.8  (0.3%)
Depreciation and amortization 140.6 143.8  (0.0%)
Free cash flow 38.1 34.3 11.0%
Podravka Group's ratios and indicators 30.09.2018 31.12.2017 % change
Employee number at the end of period (in units) 6,626 6,306 5.1%
P&L interest expense (in HRKm) 20.5 26.9  (0.2%)
Sales revenues / Number of employees (in HRK000) 634.8 651.9  (0.0%)
Net profit after MI / Sales revenues (in HRK000) 22.7 2.9 682.8%
Return on average assets 3.1% 0.5% +266 bp
Return on average capital 5.2% 0.8% +439 bp
Return on average invested capital 4.7% 1.9% +275 bp
Total shareholders' equity / Total assets 62.5% 57.2% +522 bp
EBIT / P&L interest expense 10.7 3.4 216.1%
Net debt / EBITDA 1.7 2.4  (0.3%)
Sales (in HRKm) 1-6 2018 1-6 2017 % change
Total revenues of Podravka Group 2,031.7 1,944.0 4.5%
Sales revenues of Podravka Group 2,035.1 1,951.2 4.3%
Sales revenues of Food 1,602.2 1,544.4 3.7%
Sales revenues of Pharma 432.8 406.8 6.4%
Podravka Group's profitability (in HRKm) 1-6 2018 1-6 2017 % change
Group's gross profit 760.6 693.7 9.7%
Group's gross profit margin 37.4% 35.6% +182 bp
Group's EBITDA 243.5 140.0 74.0%
Group's EBITDA margin 12.0% 7.2% +479 bp
Group's EBIT 149.2 44.8 233.2%
Group's EBIT margin 7.3% 2.3% +504 bp
Group's net profit after MI 120.7 24.8 386.7%
Group's net profit margin after MI 5.9% 1.3% +466 bp
Podravka Group's balance sheet (in HRKm) 30.06.2018 31.12.2017 % change
Total assets 4,852.9 5,061.4 -4.1%
Shareholders' equity 2,915.9 2,860.1 2.0%
Minority interests 38.1 36.7 3.9%
Cash and cash equivalents 211.1 362.1 -41.7%
Financial debt 1,069.0 1,271.1 -15.9%
Net debt 857.9 909.1 -5.6%
Podravka Group's cash flow (in HRKm) 1-6 2018 1-6 2017 % change
Net cash flow from operating activities 99.0 136.7 -27.6%
Capital expenditures 67.4 122.9 -45.2%
Depreciation and amortization 94.3 95.2 -0.9%
Free cash flow 31.6 13.8 128.9%
Podravka Group's ratios and indicators 30.06.2018 31.12.2017 % change
Employee number at the end of period (in units) 6,531 6,306 3.6%
P&L interest expense (in HRKm) 23.4 26.9 -13.0%
Sales revenues / Number of employees (in HRK000) 642.3 651.9 -1.5%
Net profit after MI / Sales revenues (in HRK000) 17.5 2.9 503.8%
Return on average assets 2.4% 0.5% +190 bp
Return on average capital 4.0% 0.8% +318 bp
Return on average invested capital 4.2% 1.9% +229 bp
Total shareholders' equity / Total assets 60.9% 57.2% +364 bp
EBIT / P&L interest expense 8.4 3.4 146.7%
Net debt / EBITDA 1.8 2.4 -26.1%
Sales (in HRKm) 1-3 2018 1-3 2017 % change
Total revenues of Podravka Group 987.1 919.5 7.3%
Sales revenues of Podravka Group 988.9 913.2 8.3%
Sales revenues of Food 789.8 723.6 9.2%
Sales revenues of Pharma 199.0 189.6 5.0%
Podravka Group's profitability (in HRKm) 1-3 2018 1-3 2017 % change
Group's gross profit 372.2 325.3 14.4%
Group's gross profit margin 37.6% 35.6% +201 bp
Group's EBITDA 135.6 75.8 78.9%
Group's EBITDA margin 13.7% 8.3% +541 bp
Group's EBIT 87.7 28.2 210.7%
Group's EBIT margin 8.9% 3.1% +578 bp
Group's net profit after MI 69.8 18.0 287.3%
Group's net profit margin after MI 7.1% 2.0% +509 bp
Podravka Group's balance sheet (in HRKm) 31.03.2018 31.12.2017 % change
Total assets 4,902.4 5,061.4 -3.1%
Shareholders' equity 2,921.8 2,860.1 2.2%
Minority interests 37.9 36.7 3.3%
Cash and cash equivalents 195.8 362.1 -45.9%
Financial debt 1,161.3 1,271.1 -8.6%
Net debt 965.5 909.1 6.2%
Podravka Group's cash flow (in HRKm) 1-3 2018 1-3 2017 % change
Net cash flow from operating activities  (41.4) 48.1 -186.0%
Capital expenditures 24.5 84.7 -71.1%
Depreciation and amortization 47.9 47.6 0.7%
Free cash flow  (65.9)  (36.6) 80.2%
Podravka Group's ratios and indicators 31.03.2018 31.12.2017 % change
Employee number at the end of period (in units) 6,407 6,306 1.6%
P&L interest expense (in HRKm) 25.0 26.9 -7.0%
Sales revenues / Number of employees (in HRK000) 653.5 651.9 0.2%
Net profit after MI / Sales revenues (in HRK000) 10.9 2.9 277.7%
Return on average assets 1.5% 0.5% +102 bp
Return on average capital 2.5% 0.8% +170 bp
Return on average invested capital 3.2% 1.9% +127 bp
Total shareholders' equity / Total assets 60.4% 57.2% +314 bp
EBIT / P&L interest expense 6.0 3.4 77.4%
Net debt / EBITDA 2.2 2.4 -8.4%
Sales (in HRKm) 1-12 2017 1-12 2016 % change
Total revenues of Podravka Group 4,110.9 4,226.5 -2.7%
Sales revenues of Podravka Group 4,111.2 4,185.5 -1.8%
Sales revenues of Food 3,243.7 3,370.3 -3.8%
Sales revenues of Pharma 867.5 815.2 6.4%
Podravka Group's profitability (in HRKm) 1-12 2017 1-12 2016 % change
Group's gross profit 1,484.1 1,535.2 -3.3%
Group's gross profit margin 36.1% 36.7% -58 bp
Group's EBITDA 374.1 471.3 -20.6%
Group's EBITDA margin 9.1% 11.3% -216 bp
Group's EBIT 91.1 268.9 -66.1%
Group's EBIT margin 2.2% 6.4% -421 bp
Group's net profit after MI 18.2 182.4 -90.0%
Group's net profit margin after MI 0.4% 4.4% -391 bp
Podravka Group's balance sheet (in HRKm) 31.12.2017 31.12.2016 % change
Total assets 5,061.4 5,285.7 -4.2%
Shareholders' equity 2,860.1 2,877.2 -0.6%
Minority interests 36.7 49.2 -25.5%
Cash and cash equivalents 362.1 337.6 7.2%
Financial debt 1,271.1 1,379.4 -7.8%
Net debt 909.1 1,041.7 -12.7%
Podravka Group's cash flow (in HRKm) 1-12 2017 1-12 2016 % change
Net cash flow from operating activities 473.4 476.7 -0.7%
Capital expenditures 206.8 437.1 -52.7%
Depreciation and amortization 194.0 191.4 1.4%
Free cash flow 250.8 39.6 533.0%
Podravka Group's ratios and indicators 2017 2016 % change
Employee number at the end of period (in units) 6,306 6,404 -1.5%
P&L interest expense (in HRKm) 26.9 31.5 -14.6%
Sales revenues / Number of employees (in HRK000) 651.9 653.6 -0.2%
Net profit after MI / Sales revenues (in HRK000) 2.9 28.5 -89.8%
Return on average assets 0.5% 3.7% -321 bp
Return on average capital 0.8% 6.5% -572 bp
Return on average invested capital 1.9% 5.7% -380 bp
Total shareholders' equity / Total assets 57.2% 55.4% +187 bp
EBIT / P&L interest expense 3.4 8.5 -60.3%
Net debt / EBITDA 2.4 2.2 9.9%
Sales (in HRKm) 1-9 2017 1-9 2016 % change
Total revenues of Podravka Group 2,979.5 3,049.4 -2.3%
Sales revenues of Podravka Group 2,983.1 3,030.8 -1.6%
Sales revenues of Food 2,372.4 2,465.2 -3.8%
Sales revenues of Pharma 610.7 565.6 8.0%
Podravka Group's profitability (in HRKm) 1-9 2017 1-9 2016 % change
Group's gross profit 1,059.4 1,104.1 -4.0%
Group's gross profit margin 35.5% 36.4% -91 bb
Group's EBITDA 254.4 337.4 -24.6%
Group's EBITDA margin 8.5% 11.1% -260 bb
Group's EBIT 110.5 201.2 -45.1%
Group's EBIT margin 3.7% 6.6% -293 bb
Group's net profit after MI 54.1 142.2 -62.0%
Group's net profit margin after MI 1.8% 4.7% -288 bb
Podravka Group's balance sheet (in HRKm) 30.09.2017 31.12.2016 % change
Total assets 5,072.9 5,285.7 -4.0%
Shareholders' equity 2,890.2 2,877.2 0.5%
Minority interests 36.3 49.2 -26.2%
Cash and cash equivalents 178.6 337.6 -47.1%
Financial debt 1,326.4 1,379.4 -3.8%
Net debt 1,147.8