Report on risks and opportunities

• Transparent handling of risks as part of the risk management system
• No risks to the Group as a going concern identified
• Utilizing business opportunities an important element in ensuring a sustainable increase in enterprise value

The risks and opportunities policy of HUGO BOSS is primarily aimed at achieving strategic and financial objectives. It is therefore not only pursuing the target of securing the Group’s continuation as a going concern, but primarily that of sustainably increasing its enterprise value. The reporting of risks and opportunities in the combined management report always refers to a one-year period.