Risks and risk management

All business operations are associated with risks. Risks that are well-managed can create opportunities, whereas risks that are not managed correctly may lead to damage and losses. The aim of Nobia’s risk management is to create awareness of risks and consequently limit, control and manage them.

Risks are identified and managed on an ongoing basis at all levels in Nobia and in strategic planning. Company management regularly reports on risk issues to the Board of Directors, and the Board is responsible to the shareholders for the company's risk management.

 

The risks, to which Nobia is exposed, can be categorized as follows:

 

Commercial risks

  • Strategic
  • Business development-related
  • Operating
  • Sustainability-related
  • Political and legal

 

Financial risks

  • Currency exposure
  • Changes in value in balance sheet

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