Risk management is a continuous evaluation, planning, governance and control process relating to personnel, property and business as well as sustainability. The objective of risk management is to prevent and minimise the impact of risks. Delete Group’s Management Team carries out annual risk management assessment, which is reviewed by the Board of Directors. The goal of the annual risk analysis is to identify high-level risks and draw up plans to mitigate them. Risk management measures are constantly reviewed and updated on the basis of the analysis. Risk management actions are approved by the company’s Board of Directors.
Delete Group’s key risks are divided into operational, financing and strategic risks.
Operational risks are mainly related to uncertainty and a lack of visibility due to COVID-19, project execution and the integration of acquired businesses both in terms of quality and financially. The Group’s business operations also inherently involve risks, such as environmental, health and safety risks, as well as dependence on suppliers and clients. The internal control framework is under constant development to improve preventivemeasures.
Financing risks are mainly related to access to financial markets, interest rates, credit and liquidity.
Other uncertainties are related to the market environment, successful implementation of the Group’s growth strategy, the integration of the acquired companies, and to the personnel and recruitment.