Trade receivables increased by €106 million from €496 million to €601 million. These are receivables with a remaining term of up to 1 year.
There were no significant currency effects on trade receivables. The impairment for trade receivables decreased by €3 million compared to the previous year.
Currency effects
Currency effects arise when the same number of currency units is converted into another currency at different exchange rates.
Glossary
PY
Previous year
Period of 12 months that is usually cited as a reference for statements in the annual report and refers to the financial year preceding the reporting year.
Glossary