Quarterly report 2nd quarter 2019 is published

The quarterly report for the second quarter of 2019 has been published. You can download the report via our website.

In the second quarter, the current funding ratio fell from 115.6% at the end of March 2019 to 113.0% at the end of June 2019. The fall in the funding ratio was due to a fall in interest rates in the second quarter. Although this fall in interest rates yielded good returns on the fixed-income portfolio. But the positive effect of this on the funding ratio was drowned out by a larger increase in pension liabilities. On balance, the fall in interest rates therefore had a negative effect on the coverage ratio. The portfolio of real estate values also showed a positive return for the entire quarter, but this was not enough to compensate for the negative impact of the lower interest rate on the funding ratio.