First-time application of new accounting standards

The IFRS 16 “Leases” accounting standard has been applied since January 1, 2019. The presentation of the financial position and the results of operations of the Group are materially influenced by the application of this standard. Since the start of the 2019 financial year, we have taken the effects of the mandatory first-time application into account when determining our financial performance indicators.

For further information on IFRS 16, please refer to the sections “Management of the Group” and “Summary of accounting policies” in the notes to the consolidated financial statements.