Via the introduction of cross country / cross currency pooling and the renegotiation of certain facilities.
Restructuring of borrowing arrangement and better cash management reduced net borrowing costs by €950k
Greater utilisation of natural hedging reduced forward costs by €100k
Cross currency pooling and full cash transparency, annual benefits of over €400k.
Restructuring of Trade Finance arrangements, €50k
Via re-tendering of arrangements and restructuring of facilities
Through benchmarking of interest rates
Increased the available deposit rate from 0.5% to 1.5% pa