|in € millions||H1 2019||H1 2018|
|EBITDA margin in percent1)||15.0||13.0|
|Consolidated Balance Sheet||6/30/2019||12/31/2018|
|Equity ratio in percent||37.6||38.8|
|Due to rounding, there may be slight variances in the percentages calculated in this report.|
As of January 1, 2019, the new financial reporting standard IFRS 16 Leases was applied for the first time. In accordance with the transitional provisions of IFRS 16, prior-year comparatives have not been adjusted. Further details are presented in the section “Impact of New Financial Reporting Standards.”
1) Operating EBITDA as a percentage of revenues.
2) Taking into account the financial debt assumed, investments amounted to €580 million (H1 2018: €497 million).
3) Net financial debt less 50 percent of the par value of the hybrid bonds plus pension provisions, profit participation capital and lease liabilities.