Risks and uncertainties

Royal Ahrend Showroom, Bratislava

​Risks and uncertainties

Royal Ahrend is being confronted with a wide range of risks and uncertainties which (could) have a significant impact on the organisation. Risk management is being executed throughout the company to identify risks and determine mitigating measures if deemed needed. In general, the risk appetite of Royal Ahrend is low to moderate. Measures are being undertaken to mitigate the risks to the desired level.

Risk analysis

The following key risks are considered to be present for Royal Ahrend:

Key strategic objectives Key Risk Description Main mitigating actions
Vitalising workspaces Assortment Product offerings may not fully align with changing market demand. Market-driven product development and strong brand positioning
Sustainability ESG Sustainability performance may not fully meet stated ambitions. Integrated sustainability strategy, clear policies and training, supplier engagement, social employment and transparent ESG reporting.
One Company Safety Workplace incidents could affect employee safety and wellbeing. Strong safety culture supported by clear procedures, regular training, protective equipment and regular safety meetings and inspections.
One Company External External events may disrupt production, warehousing and operations. Operational flexibility, active monitoring and business emergency and continuity planning.
One Company Fraud Fraud, bribery or misappropriation of assets may occur. Robust ethical framework, clear policies, internal controls, employee training and oversight.
One Company Legal Non-compliance with laws and regulations could occur. Ongoing legal monitoring, clear policies, internal controls, training and audits.
One Company Financing Risk of access to financing at favourable rates or foreign exchange risk. Active treasury management and long-term financing arrangements.
One Company Reporting Financial or sustainability reporting may be incomplete or inaccurate. Strong governance, qualified teams and effective internal controls.
People People Workforce composition, skills and behaviour may not fully support strategic goals. Performance management, development programmes and employee engagement, incl. works council involvement. Annual personnel reviews.
Digitalisation IT IT systems may not sufficiently support strategic objectives and business processes. Modern IT investments, including ERP renewal and strong controls.
Digitalisation IT Cyber threats and increased ddigitalisation, including AI, may lead to data loss or breaches. Layered information security, monitoring, training and incident response.