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38<br />
<strong>Deutsche</strong> bahn group<br />
RISK and opportunities report<br />
TRANSPARENCY ASSURED BY INTEGRATED RISK MAN<strong>AG</strong>EMENT<br />
FURTHER OPPORTUNITIES DUE TO PLANNED ARRIVA ACQUISITION<br />
RISK PORTFOLIO FREE OF EXISTENCE-THREATENING RISKS<br />
The risk management system of DB Group has been described on pages 126 to 132 in the 2009 Annual<br />
Report. There have been no major changes in this respect in the first half of 2010.<br />
opportunities report<br />
The economic opportunities of DB Group are set out on pages 142 to 143 in the 2009 Annual Report.<br />
There will be further opportunities for DB Group provided by the planned acquisition of the British<br />
passenger transport company Arriva. After the acquisition has been completed, we will be able to<br />
strengthen our market position in Europe and considerably expand our growth platform in the European<br />
regional transportation services market.<br />
Risk portfolio free of existence-threatening risks<br />
In the period under review, the financial and economic crisis and increasingly fierce competition meant<br />
that the main risks facing the company were the macro-economic and market-specific risks. Extensive<br />
analyses are carried out on a regular basis for this purpose. Compared with the end of 2009, the assessment<br />
of the quantitative impact of these risks has declined appreciably in view of the economic recovery<br />
and the further improvement in the economic climate.<br />
The operational countermeasures include extensive enterprise-wide efficiency and rationalization<br />
programs applicable to specific business units. These include in particular our Group program reACT,<br />
which we continued as scheduled in the first half of 2010. We also continued to develop our service<br />
offerings in the various business units in a systematically market-oriented manner.<br />
In order to cover unavoidable risks, we also take out insurance in order to mitigate the financial<br />
consequences of possible claims and liability risks for DB Group.<br />
Our analysis of risks, countermeasures, cover and provisions has established that, on the basis of<br />
our current risk assessment, there are no risks at present which pose a threat to the continued existence<br />
of DB Group as a going concern.
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