10 Results from equity investments

The results from equity investments also contain the fair value changes of equity investments including currency exchange effects. In first half year of 2019, the result from equity investments decreased with EUR 47 million to EUR -3 million (H1 2018: €44 million). This decline is mainly caused by reduction of underlying investments. Moreover, the loss is fortified due to the average appreciation of EUR to USD exchange rate in comparison to first half year of 2018. Lastly, loss of EUR2 million was recorded on sales of equity investments (including capital distributions).

Results from equity investments

June 30, 2019

June 30, 2018

Unrealized results from changes in fair value



Results from sales and distributions:


-Realized results



-Release unrealized results



Net results from sales and distributions



Total results from equity investments