Net debt increased from €936 million at year-end 2010 to €1,595 million at the end of Q3, mainly due to:
- Operating cash inflow of €55 million
- Capital expenditures of €452 million
- Payments of dividend of €282 million
In September 2011, we renewed our five year multi-currency syndicated revolving credit facility for €1.8 billion (previously: €1.5 billion).