Apparel Market Recovery and Financial Overview
Liquidity cushion remains stable at EUR 640 mn
Net financial debt, in EUR mn
1,096
Balance sheet metrics
Change
According to IFRS (EUR mn)
1,986
1,869
1,714
1,502
Total assets
31 Mar. 2023
5,492.0
31 Dec. 2022
in %
5,525.0
(0.6)
Liquid assets³
441.7
453.3
(2.5)
Total liabilities
3,547.8
3,499.1
1.4
1,481
1,362
thereof financial liabilities
2,427.9
2,322.2
4.6
1,154
Adjusted equity4
2,035.4
2,088.6
(2.5)
1,023
Adjusted equity ratio (%)
37.1
37.8
687
Net gearing (%)
97.6
89.5
Net financial debt
1,986.2
1,869.0
6.3
Q1/2022
Q2/2022
Q3/2022
Q4/2022
Q1/2023
According to IFRS (EUR mn)
Total liquidity cushion
31 Mar. 2023
31 Dec. 2022
Change
in %
639.5
685.5
(6.7)
Reported net financial debt1
thereof liquid assets³
441.7
453.3
(2.5)
Economic net financial debt²
thereof unused credit facilities
197.8
232.3
(14.8)
1) Fully consolidated Brazil JV debt included
2) Reflects 51% economic share of Brazil JV debt
3) Including cash and cash equivalents, liquid securities and liquid bills of exchange
4) Including government grants less proportional share of deferred taxes on government grants
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