Opportunity and Risk Report

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. Based on our existing business activity, we do not see any change in our risk situation compared with the previous year. However, we see an increase in the overall risk situation when the planned acquisition of Monsanto is taken into account. We remain 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.

Compare to Last Year