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 risks posed, in particular, by geopolitical and trade conflicts, by high energy prices and inflation in general, and by emerging recessionary trends in a number of countries are quite considerable. But, thanks to our extensive product portfolio, with its high proportion of specialty products, and to our broad 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.