Investors

Restructuring programmes

The implementation of restructuring programmes has proceeded as planned. Componenta Corporation and Componenta Finland Oy’s repayment programmes commenced in 2019 and will end in 2023. In accordance with the restructuring programme, Componenta Corporation paid EUR 0.3 million of external restructuring debt and EUR 0.03 million of internal restructuring debt on 10 May 2019. Similarly, Componenta Finland Oy paid EUR 0.5 million of external restructuring debt and EUR 0.4 million of internal restructuring debt on 3 May 2019. On 30 September 2019, the Group’s external restructuring debts were EUR 13.1 million (31 December 2018: EUR 16.0 million, including EUR 2.5 million of external restructuring debts of Componenta Främmestad AB).

Repayment schedule for external restructuring debts

MEUR
2019
2020
2021
2022
2023
Total
Componenta Corporation
0.3
0.8
0.7
0.7
5.4
7.9
Componenta Finland Ltd
0.5
1.0
0.9
0.9
1.9
5.2
Total0.81,71,71.7
7.2*
13.1

*) The larger final instalment in Componenta Corporation and Componenta Finland Oy’s repayment programme is due to the fact that income from the sale of properties not included in core business operations has been taken into account. This income will be used to pay debt at the end of the programme. The final instalment also includes an additional obligation of EUR 3.2 million arising from the expiry of a loan guarantee of EUR 80 million.

Repayment schedule for the Group's internal restructuring debts

MEUR
2019
2020
2021
2022
2023
Total
Componenta Corporation
0.0
0.0
0.0
0.0
0.0
0.0
Componenta Finland Ltd
0.4
0.7
0.7
0.7
1.5
4.0
Total0.40.80.80.8
1.6
4.0

After the review period on 11 November 2019, Componenta Corporation paid EUR 0.3 million in external restructuring debt and EUR 0.001 million in internal restructuring debt in accordance with the restructuring programme. Similarly, Componenta Finland Oy paid EUR 0.5 million in external restructuring debt and EUR 0.4 million in internal restructuring debt on 3 November 2019. After these payments, the Group’s external restructuring debt totals EUR 12.3 million.