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Report on Opportunities and Risks

Overall assessment of Schaeffler Group opportunities and risks

The outlook issued by the Schaeffler Group is not in jeopardy, including from the existing risks. In addition to the specific risks described in the management report, unexpected developments significantly damaging or harming the company’s production process, customer relationship, or reputation can occur at any time.

The Schaeffler Group’s situation with respect to risks has deteriorated slightly compared to the prior year. This change is due to new risks being included and a change in the assessed impact of certain medium risks.

The overall assessment of the significant opportunities and risks does not indicate any risks which, either individually or in combination with other risks, jeopardize the company’s continued existence as a going concern.

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