Risk and Opportunities Report

The Beiersdorf Group is exposed to risks and opportunities in the course of its business activities. These risks and opportunities result, among other things, from its activities that seek to develop opportunities to improve the company’s competitiveness and to consciously take risks.

Risks and opportunities encompass specific events and developments with a certain probability of occurrence that may have material negative or positive financial and/or non-financial effects on the achievement of the Beiersdorf Group’s objectives. Beiersdorf uses an integrated risk and opportunity management system, in particular, to identify and evaluate material risks at an early stage and to consistently limit them using counteractive measures. This system is coordinated at Group headquarters. Risk landscapes or maps, prepared by external and established organizations such as the World Economic Forum, are consulted for the overall assessment.