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2.7 Management report on the Group Expected developments and and associated opportunities and and risks risks
We continue to consider the risks to to the
the Group Group contained and and manageable.
Plant Technology – We see good opportunities for growth in Plant Technology thanks to our mastery of
complete process chains and our long experience in dealing with process-related tasks. In addition,
constant innovations are strengthening our technology portfolio. One example is heat recovery and waste
recycling in cement production, which allows major reductions in costs and emissions. There are good
opportunities for cost-efficient and environmentally friendly plants especially in the emerging countries.
Components Technology – The auto components business of our Components Technology business area
can profit from drivers’ growing environmental awareness: Our components for low-emission engines and
weight-optimized parts reduce vehicle CO2 emissions.
Marine Systems – We see opportunities for moderate growth in our target markets for conventional
submarines and surface naval vessels. Further focusing on our core products will help the business area
profitably expand its remaining operations.
Performance-related opportunities in costs and quality
In addition to the increasing use of electronic purchasing systems, new production processes offer major
performance-related opportunities, above all for gaining cost and quality advantages. In the steel area a
new coating technique improves the forming behavior of galvanized sheet. Our production process for
succinic acid as a feedstock for biobased plastics opens up new ways of utilizing renewable resources. In the
area of marketing we are optimizing relationships with our customers and maintaining our worldwide
network of branches.
Risk report
In the past fiscal year the Group’s standardized risk management system again played a major role in
increasing the transparency of the risk situation at ThyssenKrupp and enhancing our ability to identify,
evaluate and control risks. From the present perspective all risks are contained and manageable. The future
existence of the Company is secured.
Risk policy embedded in corporate strategy
Binding throughout the Group, the risk principles at ThyssenKrupp are based on our corporate strategy. Our
risk management system is targeted at safeguarding existing assets and sustainably increasing the value of
the Company; it therefore fulfills a core business function. To achieve an appropriate increase in value, we
make optimum use of opportunities while consciously and responsibly taking business risks in our core
processes and managing these actively. As part of our efficient risk management, other risks are
transferred, reduced or completely prevented. Overall the Group can extensively cover all risks taken.
The Group Policy Statement on Risk Management documents the framework conditions and responsibilities
for orderly and forward-looking risk management and is binding for all employees. Groupwide codes of
conduct such as the Group’s compliance standards and the prohibition of speculative transactions also form
part of the risk principles. Regular control measures and numerous training programs help communicate the
importance of the requirements to all employees.
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