Overall assessment of the risk situation by the company’s management
The Management Board and the Supervisory Board of METRO AG are regularly informed about the company’s risk and opportunities situation. Overall, the risk and opportunities profile of METRO GROUP remains at last year’s level. To evaluate the present risk situation, risks and opportunities were not only examined in isolation: the interdependencies between risks were analysed and rated according to their probability and impact. The assessment has shown that the overall risks are manageable. The identified individual and cumulative risks do not represent risks that jeopardise the continuity of the group due to illiquidity or over-indebtedness over a period of at least one year. We are confident that METRO GROUP’s earnings strength provides a solid foundation for sustained positive business developments and the exploitation of numerous opportunities. This assessment is mirrored by the rating of the internationally leading, independent rating agency Standard & Poor’s commissioned by us. METRO GROUP’s unchanged investment grade credit rating of BBB – confirms our stable outlook. The Management Board of METRO AG currently does not expect any fundamental change in the risk and opportunities situation.