Performance as of 30 June 2022

The performance of our Pension Fund as of 30 June 2022 is -9.4% due to the negative returns on global equity markets as well as the rising interest rates, leading to a negative performance of both equities and bonds.

As we have build up investment fluctuation reserves for negative market environments like the current one, we are still in a comfortable funding situation. As a long-term investor we have experienced difficult market situations before and are confident that markets will recover again.