Contingent liabilities and other financial commitments

As at June 30, 2024, contingent liabilities included guarantees and indemnities of €228.9 million (December 31, 2023: €267.2 million). Of the total amount of guarantees and indemnities, €135.6 million related to guarantees for down payments, contract performance, and warranty obligations (December 31, 2023: €166.5 million). These guarantees had been issued by banks, predominantly in connection with the project business of the Supply Chain Solutions segment.

The other financial commitments totaling €272.7 million (December 31, 2023: €258.5 million) included purchase commitments of €185.9 million under long-term license and maintenance agreements (December 31, 2023: €181.3 million), commitments of €78.4 million for capital expenditure on non-current assets (December 31, 2023: €68.5 million), and future payment commitments of €8.4 million to related parties (December 31, 2023: €8.7 million).