15 Interest Expenses
Interest Expenses
in € million | Jan. 1 - Jun. 30, 2024 | Jan. 1 - Jun. 30, 2025 | |||
Interest expense from non-derivative financial liabilities | 410.1 | 405.8 | |||
Swaps (current interest expense for the period) | -27.0 | -2.1 | |||
Effects from the valuation of non-derivative financial instruments | -4.9 | -2.0 | |||
Effects from the valuation of swaps | 21.7 | 32.1 | |||
Capitalization of interest on borrowed capital regarding development | -0.1 | -3.4 | |||
Prepayment penalties and commitment interest | 5.0 | 4.7 | |||
Interest expenses from partial redemptions and repurchases of bonds | – | 53.8 | |||
Interest accretion to provisions | 8.3 | 8.7 | |||
Interest from leases | 10.2 | 10.6 | |||
Other financial expenses | 1.2 | 1.1 | |||
424.5 | 509.3 | ||||
The increase in interest expenses is due primarily to the partial buyback of bonds with a total volume of € 800 million in June 2025.