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During 2009 Outokumpu's net interest-bearing debt increased only marginally by EUR 110 million and totalled EUR 1 183 million at the end of 2009 (Dec 31, 2008: EUR 1 072 million). Outokumpu's balance sheet was relatively strong at the end of the year with gearing at 48.2% (Dec 31, 2008: 38.4%), well below the Group's target of below 75%. At the end of 2009, the Group's equity-to-assets ratio stood at 50.6%. |
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Key financial indicators on financial position
EUR million |
2009 |
2008 |
2007 |
| Net interest-bearing debt |
|
|
|
| Long-term debt |
1 038 |
1 219 |
1 046 |
| Current debt |
705 |
581 |
464 |
| Total interest-bearing debt |
1 742 |
1 800 |
1 510 |
| Interest-bearing assets |
-548 |
-711 |
-589 |
| Net assets held for sale |
-11 |
-16 |
-132 |
| Net interest-bearing debt |
1 183 |
1 072 |
788 |
|
|
|
|
| Shareholder's equity |
2 451 |
2 794 |
3 337 |
| Return on equity, % |
-12.8 |
-6.2 |
20.0 |
| Debt-to equity ratio, % |
48.2 |
38.4 |
23.6 |
| Equity-to-assets ratio, % |
50.6 |
52.4 |
56.5 |
| Net cash generated from operating activities 1) |
198 |
664 |
658 |
| Net interest expenses |
22 |
54 |
58 |
1) Cash flows presented for continuing operations.