Debt and financing
In this section you can find information on Valmet's financing structure, financing facilities and interest-bearing debt. Valmet currently has no credit rating.
Key figures
| As at December 31, 2024 | As at December 31, 2023 | |
| Interest-bearing liabilities | EUR 1,544 million | EUR 1,484 million |
| Current debt (including portion of non-current debt) | EUR 115 million | EUR 103 million |
| Non-current debt | EUR 1,272 million | EUR 1,240 million |
| Net interest-bearing liabilities | EUR 1,032 million | EUR 1,027 million |
| Average maturity of non-current debt | 3.4 years | 3.0 years |
| Average interest rate | 4.0% | 4.5% |
Key debt ratios
| As at December 31, 2024 | As at December 31, 2024 | |
| Gearing | 39% | 40% |
| Equity ratio | 44% | 43% |
| Net debt to EBITDA ratio | 1.55 | 1.46 |
Debt instruments and credit facilities as at December 31, 2024
- Undrawn committed revolving credit facility of EUR 300 million
- Undrawn commercial paper program worth of EUR 300 million
Debt maturity structure as at December 31, 2024 (excluding lease liabilities), EUR million
On March 6, 2024, Valmet announced that it issues EUR 200 million green notes. Read more here.
The Finnish Financial Supervisory Authority has approved the listing prospectus of the Notes on March 14, 2024. Read more here.
The listing prospectus can be found here.
Green Finance Framework
Valmet announced on March 1, 2024, that it has established a Green Finance Framework applicable for the issuance of green debt instruments to further integrate its ambitious sustainability targets into its financing.
Valmet’s Green Finance Framework has received an independent second party opinion from ISS ESG, confirming the alignment of the framework with the Green Loan Principles 2023 and the Green Bond Principles 2021.
Links:
Valmet’s Green Finance Framework
ISS ESG’s independent second party opinion
Press release on March 1, 2024: Valmet publishes Green Finance Framework