Energie AG's risks and opportunities situation is strongly influenced by the challenging general energy policy and political environment and the associated volatile price developments. Additionally, regulatory changes, the climatic conditions and climate policy, and the potential further impact of the COVID-19 pandemic significantly impact business development.
Highest priority is assigned to performing all system-critical tasks, in particular to ensuring the reliable supply of electricity, gas, heat, telecommunications services and water as well as managing waste and waste water.
In order to maintain financial stability, Energie AG relies on targeted strategic and operational measures. They include value-based investment management and measures to increase efficiency as well as new business models and innovations to open up new earnings potential.
Against the backdrop of the ongoing COVID-19 pandemic and numerous energy policy imponderables, medium- and long-term forecasts are currently only reliable to a limited extent. Energie AG's business activities are still exposed to certain risks, but no risks were identified in the fiscal year 2020/2021 that, either individually or collectively, would have the potential to jeopardize the continued existence of the Company.
For more details on the risks and opportunities situation, see the Notes to the Consolidated Financial Statements, Section 35. Management of risks and opportunities.