14 Interest Expenses
Interest Expenses
in € million | Jan. 1 - Jun. 30, 2025 | Jan. 1 - Jun. 30, 2026 | |||
Interest expense from non-derivative financial liabilities | 405.8 | 443.2 | |||
Swaps (current interest expense for the period) | -2.1 | 1.4 | |||
Effects from the valuation of non-derivative financial instruments | -2.0 | 24.8 | |||
Effects from the valuation of derivative financial instruments | 32.1 | -32.2 | |||
Capitalization of interest on borrowed capital regarding development | -3.4 | -3.4 | |||
Prepayment penalties and commitment interest | 4.7 | 4.2 | |||
Interest expenses from partial redemptions and repurchases of bonds | 53.8 | 6.5 | |||
Interest accretion to provisions | 8.7 | 9.8 | |||
Interest from leases | 10.6 | 10.5 | |||
Other interest and similar expenses | 1.1 | 18.9 | |||
509.3 | 483.7 | ||||
The effects from the measurement of derivative financial instruments primarily include the subsequent measurement of the option component of the convertible bond issued in May 2025. The obligation from this conversion option fell by € 29.8 million in the first half of 2026 (H1 2025: increase of € 21.6 million).