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v3.24.1

Loans and borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Loans and borrowings |
Summary of loans and borrowings | ​
​ | ​ | ​ | ​ | ​
Loans and borrowings | ​ | As of December 31,
in €‘000 |  | 2023 |  | 2022
Current portion of loans and borrowings |  |  |  |
Bank loans and overdrafts |  | 49 |  | 59
Lease liabilities (Note 15) |  | 9,537 |  | 7,302
​ |  | 9,586 |  | 7,361
Non - current portion of loans and borrowings |  |  |  |
Bank loans |  | 145 |  | 772
Lease liabilities (Note 15) |  | 40,414 |  | 14,712
​ |  | 40,559 |  | 15,484
Total |  | 50,145 |  | 22,845
Summary of senior secured net leverage ratio on excess cash flow | ​
​ | ​ | ​ | ​
​ |  | Excess Cash Flow prepayment |
Senior Secured Net Leverage Ratio |  | percentage | ​
Greater than 5.00:1 |  | 50 | %
Equal to or less than 5.00:1 but greater than 4.50:1 |  | 25 | %
Equal to or less than 4.50:1 |  | 0 | %
Summary of bank loans and bank overdrafts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial debt movements and change in bank overdrafts |  | Loans |  | Loans |  | ​ |  | ​
in €‘000 |  | non-current |  | current |  | Overdrafts |  | Total
Balance as of January 1, 2022 |  | 411,379 |  | — |  | 73 |  | 411,452
Addition |  | 219 |  | 6 |  | — |  | 225
Transaction costs related to borrowing costs | ​ | (1,100) | ​ | — | ​ | — | ​ | (1,100)
Payment of loans and borrowings |  | (420,682) |  | (3) |  | (23) |  | (420,708)
Amortization of borrowing costs |  | 8,057 |  | — |  | — |  | 8,057
Reclassification of borrowing costs | ​ | 2,846 | ​ | — | ​ | — | ​ | 2,846
Foreign currency rate adjustment |  | 53 |  | — |  | 6 |  | 59
Balance as of December 31, 2022 |  | 772 |  | 3 |  | 56 |  | 831
Payment of loans and borrowings |  | (620) | ​ | — | ​ | (7) | ​ | (627)
Addition |  | — | ​ | 2 | ​ | — | ​ | 2
Foreign currency rate adjustment |  | (7) | ​ | — | ​ | (5) | ​ | (12)
Balance as of December 31, 2023 |  | 145 | ​ | 5 | ​ | 44 | ​ | 194
​
Senior Facilities Agreement | Senior Secured Term Loan Facility |
Loans and borrowings |
Summary of senior secured net leverage ratio | ​
​ | ​ | ​
Senior Secured Net Leverage Ratio |  | Facility B Margin (% per annum)
Greater than 4.50:1.00 |  | 4.25
Greater than 4.00:1.00 but equal to or less than 4.50:1.00 |  | 4.00
Greater than 3.50:1.00 but equal to or less than 4.00:1.00 |  | 3.75
Equal to or less than 3.50:1.00 |  | 3.50
Senior Facilities Agreement | Multicurrency Revolving Credit Facility |
Loans and borrowings |
Summary of senior secured net leverage ratio | ​
​ | ​ | ​
Senior Secured Net Leverage Ratio |  | RCF Margin (% per annum)
Greater than 4.50:1.00 |  | 3.75
Greater than 4.00:1.00 but equal to or less than 4.50:1.00 |  | 3.50
Greater than 3.50:1.00 but equal to or less than 4.00:1.00 |  | 3.25
Greater than 3.00:1.00 but equal to or less than 3.50:1.00 |  | 3.00
Equal to or less than 3.00:1.00 |  | 2.75

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