The risk and opportunities policy of the HUGO BOSS Group is primarily dedicated to achieving the Group’s financial and strategic targets. It therefore does not only pursue the goal of securing the Group’s continuation as a going concern, but rather that of sustainably increasing its enterprise value. Effective risk management enables the Group to identify uncertainties and the resulting risks at an early stage and to mitigate any potential adverse consequences by implementing suitable measures. In combination with the systematic identification of new opportunities, this increases the reliability of the Group’s decision making process and establishes the foundation for continuous target realization.
The success of the HUGO BOSS Group is based on the systematic use of opportunities within the framework of the medium- and long-term corporate strategy. Complementary to this, the risk policy pursues the objectives of securing the Company’s continuation as a going concern and supporting the efforts of the operating units to implement the strategy successfully. The early identification of risks and immediate assessment of their possible impact is, however, only the basis for and first step in the development of effective risk control measures. The second step of risk management therefore promotes responsible action and makes an important contribution to the Group’s value.