10. Taxes / Deferred Income Taxes

In the first six months of 2023, income tax expenses of EUR 11,593 thousand (H1 2022: income tax expenses of EUR 10,384 thousand) were recognized on positive earnings before income taxes of EUR 29,930 thousand (H1 2022: positive earnings before income taxes of EUR 37,083 thousand). The tax rate for the first six months of 2023 was 38.7% (H1 2022: 28.0%).

The above-average tax rate is mainly due to the non-recognition of deferred tax assets on loss carryforwards.