8. Financial Result

The financial result amounted to EUR -12,879 thousand in the first six months of 2024, a deterioration of EUR 3,767 thousand compared to the first six months of 2023 (EUR -9,112 thousand). Net foreign exchange gains/losses (including income/expenses from the valuation of currency hedging derivatives) amounted to EUR -769 thousand in the first six months of 2024 (H1 2023: EUR 524 thousand).

Net interest expense (including interest expenses from leases) increased by EUR 2,472 thousand to EUR -11,183 thousand in the first six months of 2024 compared to the first six months of 2023 (EUR -8,711 thousand). The increase in net interest expense compared to the same period last year is primarily due to the effects of interest rate increases in the US dollar and euro area.

Interest expenses from leases amounting to EUR 827 thousand (H1 2023: EUR 689 thousand) were recorded within the financial result in the first six months of 2024.