8. Financial Result

The financial result amounted to EUR -9,112 thousand in the first six months of 2023 and thus deteriorated by EUR 4,580 thousand compared to the first six months of 2022 (EUR -4,532 thousand). Net currency gains / losses (including income / expenses from the valuation of currency hedging derivatives) amounted to EUR 524 thousand in the first six months of 2023 (H1 2022: EUR 676 thousand).

Net interest expenses (including interest expenses from leases) of EUR -8,711 thousand increased by EUR -3,964 thousand in the first six months of 2023 compared to the first six months of 2022 (EUR -4,747 thousand). The increase in net interest expense compared to the same period of the previous year resulted primarily from the effects of interest rate increases in the US dollar and euro zones.

Interest expenses of EUR 689 thousand (H1 2022: EUR 528 thousand) were recognized in the financial result for leases in the first six months of 2023.