Debt market

28 January, 2015

Financial net debt as of December 31, 2014, amounted to SEK 4,868m.

The financial net debt decreased by SEK 1,157m during the fourth quarter of 2014 as a result of the strong operating cash flow after investments. Net provision for post-employment benefits increased by SEK 1,193m. In total, net debt increased by SEK 36m during the fourth quarter.

Long-term borrowings as of December 31, 2014, including long-term borrowings with maturities within 12 months, amounted to SEK 12,123m with average maturity of 2.8 years, compared to SEK 12,207m and 3.3 years at the end of 2013. During 2015, long-term borrowings in the amount of SEK 2,594m will mature.

Liquid funds as of December 31, 2014, amounted to SEK 9,835m (7,232), excluding short-term back-up facilities.

More about debt market

A significant portion of the Group´s long-term borrowings are issued on the capital markets under the Group´s Euro medium-term note program.

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