Potential risks and uncertainties

Consumer confidence and corporate investments

Weak consumer confidence and corporate investment appetites could impact demand in all operating countries. Low demand, a decrease in sales, and price competition could increase  margin and cost pressures in all divisions.

Geopolitical and supply chain risks

Instability in the international operating environment, changes in trade and economic policy, and potential disruptions in supply chains could impact product availability and business continuity.

Implementation of strategic projects and changes

Challenges in implementing growth strategies, acquisitions, or changes in business models could impact the company’s ability to achieve its objectives.

Strengthening of market shares

Tightening price competition and a decrease in market shares in different businesses and operating countries could weaken net sales and profit.

Store sites and properties

Risks related to the upkeep, development and occupancy rates of store sites and properties could impact business profitability.

Financing and cash flow

Growing financing costs combined with potentially weakening cash flow from operating activities could impact business profitability and the company’s ability to invest.

Cybersecurity and data protection risks

Cyber-attacks and data leaks could result in business disruptions, loss of data, and reputational damage.

Business disruptions

Events such as a major disturbance in a logistics centre could result in extensive interruptions in deliveries and financial loss.

Regulations and legislation

Changes in national and international regulations, for example restrictions related to private label products or new sustainability requirements, could impact the operating conditions for business and profitability.

Product and food safety

Serious deviations in product or food safety could result in the recall of products, financial loss, and reputational damage.

Sustainability and climate risks

Risks related to climate change, and environmental and social responsibility and the fulfilment of requirements related to these could impact business continuity and reputation.

Reporting to the capital markets

Tightening of requirements for financial reporting and sustainability reporting will increase requirements for data collection and reporting accuracy.