Risk report
As an internationally operating company, CompuGROUP is subject to a variety of different risks that are linked directly to active entrepreneurial actions. The CompuGROUP corporate group is aware of the necessity to enter into risks, which also enable the Company to make use of presented opportunities. As the manufacturer and provider of software products and individual services for the healthcare sector, the Group is only subject to a minimum level of economic fluctuation. Moreover, the Group's technological expertise and its extensive market knowledge form a durable foundation, making it possible to assess risks as early and as accurately as possible.
Risk management is understood by CompuGROUP as an ongoing endeavor to recognize, analyze and evaluate the extent of potential and actual developments and - to the extent possible - to take measures to reduce the risk factors to a minimum. CompuGROUP's risk management principles, which are seen as an important part of managing the Group, have been organized in a set of fixed guidelines that are to be applied uniformly across the Group. They should enable management to identify, at an early stage, risks that that could endanger the growth or the continued existence of CompuGROUP and minimize their effects to the greatest extent possible. The Group's established controlling systems form the risk management foundation with respect to the monitoring of operational as well as strategic risks. The responsible risk manager submits a risk report to the management board on a quarterly basis. The report contains qualitative and quantitative assessments with regard to the probability of occurrence and the potential financial loss resulting from the identified risks that could have a detrimental effect on the Company.
The management board will be informed immediately of any new risks identified during the year. High-quality reporting is the central basis for monitoring and management, as it facilitates prompt implementation of preventative measures. In this way, management of the CompuGROUP group is informed monthly and quarterly on the operational and non-operational business, and receives analyses of the assets, financial position and results. The following risk has been communicated to the Management Board:
Strategic Risks
Strategic risks are understood by CompuGROUP as risks, which can endanger the target achievement due to an insufficient orientation of the company to the respective market environment. Strategic risks may therefore result from inadequate strategic decision-making process, due to unforeseen market developments or from a faulty implementation of the chosen corporate strategy. For CompuGROUP the strategic direction of the Group is set at board level and subjected to regularly reviews.
Essential for the CompuGROUP-group are risks associated with changes in the healthcare market. This is mainly concerns the development of new products and services by competitors, the financing of health care systems and reimbursement in the health care sector.
