Interest rate risk
Interest rate risk means that a change in interest rates results in a change in the cash flow and profit of the Group. The interest rates of loans granted, and lease taken are all tied to Euribor. Interest rate of the loan is fixed to zero plus margin.
The Group’s interest rate risk is related to short-term and long-term borrowings which carry a floating interest rate. The interest rate risk is mainly related to the fluctuation of Euribor.
Fixed and floating interest rate
| Interest Rate | 31.12.2023 (EUR thousand) | <= 1 year | >1 year and <=5 years | Carrying amount |
|---|---|---|---|---|
| 6-month Euribor + 1.90%-2.40% | Loan | 2 245 | 10 674 | 12 919 |
| 6-month Euribor + 6.00% | Notes | 0 | 5 000 | 5 000 |
| 6-month Euribor + 1.90-3.50% | Lease liability | 2 108 | 6 091 | 8 199 |
| 1-month Euribor + 1.75% | Overdraft | 0 | 0 | 0 |
| Interest rate | 31.12.2022 (EUR thousand) | <= 1 year | >1 year and <=5 years | Carrying amount |
|---|---|---|---|---|
| 6-month Euribor + 1.90%-2.40% | Loan | 1728 | 12 918 | 14 646 |
| 6.00% | Notes | 0 | 5 000 | 5 000 |
| 6-month Euribor + 1.90-3.50% | Lease liability | 1 665 | 4 030 | 5 695 |
| 1-month Euribor + 1.75% | Overdraft | 0 | 0 | 0 |