The primary financial risks are foreign exchange, financing, interest rate and credit risks. Financial risks are managed by the Group’s central finance function according to the guidelines in the financing policy established by Cloetta’s Board of Directors.
The objective is to identify the Group’s risk exposure and, with a certain degree of foresight, to attain predictability in the financial outcome and minimize possible unfavourable effects on the Group’s financial results in close cooperation with the Group’s operating units. By consolidating and controlling these risks centrally, it is possible to minimize the level of risk while at the same time reducing the cost of measures like currency hedging.
Read more about the statement of financial risks based on probability and impact below.