Based on the knowledge gained as a result of the recent economic and financial crises and their effect on the voestalpine Group, additional – primarily corporate – measures were taken during the past several years to minimize risk exposure, and these measures continued to be consistently implemented in the last business year and will continue in the coming years. These measures are in particular targeted at
- Minimizing the negative effects that a recessionary economic trend would have on the Group by means of relevant planning precautions (scenario planning),
- Maintaining high product quality with concurrent continual increases in efficiency and ongoing cost optimization,
- Having sufficient financial liquidity available even in the event of constricted financial markets, and
- Securing in-house expertise even more efficiently than before with a view to continuing the long-term expansion of the Group’s quality and technology leadership
Concrete measures to eliminate or minimize the risks previously identified within the voestalpine Group have been developed and implemented. These measures are aimed at reducing potential losses and/or minimizing the likelihood of losses occurring.
It can be stated that, from today’s perspective, the voestalpine Group is exposed to limited, manageable risks that do not threaten the continuation of the Group as a going concern. There is no indication of any risks that endanger the future survival of the Group.