Executive Board Evaluation of Overall Risk

The Executive Board evaluates the overall risk situation on the basis of information from the risk management system. The system compiles all risks identified by our divisions, corporate departments and regional entities. It is regularly reviewed by the Executive Board and discussed in Audit Committee meetings.

As of the publication date of this report, the Executive Board does not see any individual or aggregate risk that could seriously endanger WACKER’s future. The political developments described above have heightened overall economic risks versus the previous year, and the risks in our sales markets are also somewhat higher. We thus believe the overall risk level will also be slightly higher than in 2019. But, thanks to our extensive product portfolio and firm regional footing, we see good opportunities to expand our leading market positions and achieve further growth. We remain confident that WACKER is strategically and financially so well placed that we can take advantage of any opportunities that arise.