Redemption coverage declined
Redemption coverage declined | H1 | Change | ||||
2019 | 2018 | absolute | thereof IFRS | % | ||
EBITDA adjusted 1) | 2,534 | 2,304 | + 230 | +459 | + 10.0 | |
Net operating interest 1) | – 333 | – 315 | – 18 | –33 | + 5.7 | |
Depreciation share leasing rate 1) | – | 553 | – 553 | –553 | – 100 | |
Actual taxes on income 1) | – 90 | – 99 | + 9 | – | – 9.1 | |
Operating cash flow after taxes | 2,111 | 2,443 | – 332 | –127 | – 13.6 | |
Net financial debt as of Jun 30 | 25,409 | 19,704 | + 5,705 | +4,272 | + 29.0 | |
Present value operate leases as of Jun 30 | – | 4,875 | – 4,875 | –4,875 | – 100 | |
Adjusted net financial debt as of Jun 30 | 25,409 | 24,579 | + 830 | –603 | + 3.4 | |
Pension obligations as of Jun 30 | 5,270 | 4,269 | +1,001 | – | +23.4 | |
Adjusted net financial debt as of Jun 30 | 30,679 | 28,848 | +1,831 | –603 | +6.3 | |
Redemption coverage (%) | 13.8 | 16.9 | – | – | – | |
Target value (%) | ≥ 20.0 | ≥25.0 | – | – | – | |
1) Figures extrapolated to the full year for calculation purposes.
The redemption coverage declined as of June 30, 2019. Adjusted net debt increased as a result of an increase in pension obligations and adjusted net financial debt. At the same time, the adjusted operating cash flow after taxes declined due to the result.