The Executive Board evaluates the group’s overall opportunity and risk situation based on an examination of all major compound and individual risks under consideration of any opportunities that may arise. The overall risk position has increased compared to the previous year. This is due to the challenging macroeconomic framework conditions, on the one hand, and the change in the system for value limits in the reporting period, on the other. However, the risk-bearing capacity remains extremely comfortable at 44.3 per cent. The management is of the opinion that the presented risks are limited and manageable. The company has a very robust financial basis. The company has a good equity ratio of 44.9 per cent and a comfortable liquidity situation.
Third-party ratings are important indicators for the overall risk assessment. Apart from the company’s own internal risk assessment, Bechtle’s credit rating and aggregate credit risk are regularly appraised and monitored by banks and rating agencies. Due to its solid capital structure and first-class funding, Bechtle has received excellent ratings for years. There is no reason why this should change in the future.
Excellent third-party credit ratings underpin Bechtle’s own assessment of the opportunity/risk profile.
To date, the creditworthiness of the Bechtle Group has not been assessed by the rating agencies S&P Global Ratings, Moody’s Investors Service, Fitch Ratings and DBRS Morningstar.
The Bechtle Group is aware of its own risk and opportunity profile for its business activities. In connection with daily updated analyses of the business performance based on operational indicators, the presented measures play a significant role in enabling Bechtle to use the opportunities for further development of the company without losing sight of the risks involved.
Except for the risks described above, the Executive Board does not expect any further significant negative impact on the company’s business volume, sales or profitability arising from other risks. All in all, the Bechtle Group is not aware of any risks that – either alone or in combination with other risks – could endanger the going concern. The Executive Board is convinced that it will be able to make use of future challenges and opportunities without taking undue risks.