Future Perspectives

Overall Assessment of Opportunities and Risks by the Board of Management

No risks that could endanger the company’s existence

In the opinion of the Board of Management, based on the current evaluations, none of the risks described above endanger the company’s continued existence. Nor could we identify any risk interdependencies that could combine to endanger the company’s continued existence. We note a tendency for risks to shift toward a higher evaluation level. This is partly due to the increased sales and earnings expectations for our products. Based on our product portfolio, our know-how and our innovation strength, we are convinced that we can take advantage of the opportunities resulting from our entrepreneurial activity and successfully master the challenges resulting from the risks stated above.