9.1.3 Change in debt
| “Non-cash” changes | |||||||
|---|---|---|---|---|---|---|---|
| € millions | 31.12.2023 | Cash-flows | Changes in the scope of consolidation | Translation adjustments | Changes in fair value | Other(1) | 31.12.2024 |
| Short-term marketable instruments | — | — | — | — | — | — | — |
| MLT bank loans | — | — | — | — | — | — | — |
| Lease debt | 1,854.0 | (474.3) | 2.5 | 38.9 | — | 505.5 | 1,926.6 |
| Overdrafts | 67.0 | 18.4 | — | (49.2) | — | — | 36.3 |
| Other borrowings and debt | 237.6 | 247.2 | (3.2) | (5.2) | — | -3.8 | 472.8 |
| Bond | 6,533.4 | (474.2) | — | — | — | — | 6,059.2 |
| TOTAL | 8,692.0 | (682.8) | (0.7) | (15.4) | — | 501.8 | 8,495.0 |
This chart shows the evolution of debt in millions of euros.
Debt as of 01.01.2024: €8,692 million
Non-cash changes
Cash flow: -€683 million
Change in scope: -€1 million
Currency effect: -€15 million
Other: €502 million
Debt as of 31.12.2024: €8,495 million
9.1.4 Debt by maturity date
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Less than 1 year(1) |
Less than 1 year (1)31.12.2024 1,849.9 |
Less than 1 year (1)31.12.2023 2,551.3 |
Less than 1 year (1)31.12.2022 1,419.8 |
| 1 to 5 years |
1 to 5 years 31.12.2024 5,627.4 |
1 to 5 years 31.12.2023 5,022.1 |
1 to 5 years 31.12.2022 3,859.0 |
| More than 5 years |
More than 5 years 31.12.2024 1,017.7 |
More than 5 years 31.12.2023 1,118.6 |
More than 5 years 31.12.2022 372.1 |
| TOTAL |
TOTAL 31.12.2024 8,495.0 |
TOTAL 31.12.2023 8,692.1 |
TOTAL 31.12.2022 5,650.9 |
These estimates are computed on the basis of the effective interest rate at the end of the financial year, after allowing for hedging instruments and assuming that no debt is rolled over at maturity.
9.1.5 Debt by currency excluding lease debts
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Euro (EUR) |
Euro (EUR) 31.12.2024 6,077.5 |
Euro (EUR) 31.12.2023 6,550.6 |
Euro (EUR) 31.12.2022 3,065.7 |
| Chinese Yuan (CNY) |
Chinese Yuan (CNY) 31.12.2024 204.4 |
Chinese Yuan (CNY) 31.12.2023 — |
Chinese Yuan (CNY) 31.12.2022 — |
| Korean Won (KRW) |
Korean Won (KRW) 31.12.2024 74.0 |
Korean Won (KRW) 31.12.2023 105.7 |
Korean Won (KRW) 31.12.2022 7.8 |
| Chilean Peso (CLP) |
Chilean Peso (CLP) 31.12.2024 31.0 |
Chilean Peso (CLP) 31.12.2023 15.0 |
Chilean Peso (CLP) 31.12.2022 8.7 |
| US dollar (USD) |
US dollar (USD) 31.12.2024 28.5 |
US dollar (USD) 31.12.2023 12.8 |
US dollar (USD) 31.12.2022 822.2 |
| Turkish lira (TRY) |
Turkish lira (TRY) 31.12.2024 22.4 |
Turkish lira (TRY) 31.12.2023 30.0 |
Turkish lira (TRY) 31.12.2022 46.2 |
| Malaysian Ringgit (MYR) |
Malaysian Ringgit (MYR) 31.12.2024 20.4 |
Malaysian Ringgit (MYR) 31.12.2023 — |
Malaysian Ringgit (MYR) 31.12.2022 — |
| Colombian Peso (COP) |
Colombian Peso (COP) 31.12.2024 19.4 |
Colombian Peso (COP) 31.12.2023 — |
Colombian Peso (COP) 31.12.2022 25.2 |
| Taiwanese Dollar (TWD) |
Taiwanese Dollar (TWD) 31.12.2024 18.2 |
Taiwanese Dollar (TWD) 31.12.2023 — |
Taiwanese Dollar (TWD) 31.12.2022 — |
| Kenyan Shilling (KES) |
Kenyan Shilling (KES) 31.12.2024 14.8 |
Kenyan Shilling (KES) 31.12.2023 9.4 |
Kenyan Shilling (KES) 31.12.2022 10.0 |
| Peruvian Sol (PEN) |
Peruvian Sol (PEN) 31.12.2024 14.1 |
Peruvian Sol (PEN) 31.12.2023 11.4 |
Peruvian Sol (PEN) 31.12.2022 — |
| Other |
Other 31.12.2024 43.7 |
Other 31.12.2023 103.2 |
Other 31.12.2022 44.5 |
| TOTAL |
TOTAL 31.12.2024 6,568.4 |
TOTAL 31.12.2023 6,838.1 |
TOTAL 31.12.2022 4,030.3 |