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The chart besides shows the significant risks that could lead to deviations from the expected business performance within the one-year forecast period. Changes compared to the previous year are also due to the deconsolidation of Fresenius Medical Care and are composed as follows:


Based on our quantitative analysis, risks relating to acquisitions, investments and transformations, financial and non-financial reporting as well as production and distribution have been newly included. In addition, the potential impacts of risks with regard to quality, competition and innovation has been increased.

Potential impacts of Compliance related risks increased, while at the same time the likelihood of occurrence decreased. While the likelihood of occurrence of risks in the areas of procurement and personnel has increased, the likelihood of occurrence of risks in the areas of currencies and interest rates has decreased.

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Fresenius SE & Co. KGaA
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