Funding strategy
Given the market volatility and other factors, management of liquidity and centralized financial management remain crucial to the company’s continued success.
As of December 31, 2023, the group held cash credit lines of EUR 810,504 thousand (previous year: EUR 914,902 thousand), of which EUR 100,504 thousand had been utilized (previous year: EUR 204,902 thousand). The cash credit lines are composed of the following items:
| (EUR thousand) | Maturity | 12/31/2023 approved | 12/31/2023 utilized |
|---|---|---|---|
| Borrower‘s note loan (2025) | February 2025 | 100,000 | 100,000 |
| Bilateral credit lines | until further notice | 60,504 | 504 |
| Syndicated credit line („Club Deal“)* | August 2025 | 650,000 | - |
| Total | 810,504 | 100,504 |
