Annual Report 2023

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Report on Risks and Opportunities

Transparent handling of risks as part of the risk management system

No going concern risks to the Group identified

Exploiting business opportunities important element for sustainable increase in enterprise value

The success of HUGO BOSS is based on the systematic exploitation of opportunities as part of the Group’s “CLAIM 5” growth strategy. The risks and opportunities policy of HUGO BOSS is aimed at achieving the Group’s strategic and financial objectives. In addition to pursuing the target of securing the Group’s continuation as a going concern, it is therefore primarily aimed at successfully executing the “CLAIM 5” growth strategy and sustainably increasing enterprise value. The reporting of risks and opportunities in the combined management report refers to a one-year period.