Summary of the Risk Situation
Consumer
Our basic assessment of the probability of occurrence and the possible financial effects of the material risks in the Consumer Business Segment is practically unchanged as against the previous year, both at individual risk level and overall. Despite variances within the risk classification ranges, there was no overall need for qualitative repositioning, particularly of strategic risks.
tesa
This also applies to the tesa Business Segment, where an adjusted assessment of risk impacts resulted in no repositioning.
Even considering the updated estimates, there is currently no fundamental change to our assessment of the overall risk situation of the Beiersdorf Group. As in the previous year, this assessment was substantiated by comparing the current quantitatively aggregated total risk portfolio with the very conservatively calculated and broadly unchanged risk-bearing capacity of the Beiersdorf Group. This analysis has confirmed Beiersdorf’s view that, at the current time, neither the Beiersdorf Group nor individual segments of the business are exposed to any risks that could endanger their continued existence.