Foreign exchange derivatives
As of March 31, 2026, foreign currency derivatives with a positive market value of EUR 0.9 million were held to hedge fair value changes and to hedge cash flows. Furthermore, foreign currency derivatives with a negative market value totaling EUR 0.01 million were held to hedge cash flows and to hedge changes in fair value.
The foreign currency derivatives used to hedge cash flows are used to hedge against fluctuations in the exchange rate arising from operating activities. Foreign currency derivatives to hedge changes in fair value are used to hedge external financing liabilities, bank balances denominated in foreign currencies, and intercompany monetary items against fluctuations in the exchange rate.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.