Risk management
Main risks | Mitigation actions |
---|---|
Downturn of the advertising and circulation market | Portfolio innovation, focusing on the development of websites, integrated communication platforms and events |
Relevant market trends, with repercussions on Group performance | Ongoing focus on product quality and innovation of the range of publishing products, also through targeted integration strategies with the development of digital activities, hinging on the power and value of fundamental assets such as brands and content. |
Main risks | Mitigation actions |
---|---|
Inadequate support to the assets on the balance sheet, in light of the current and future market trend and of the Group’s financial results | Ongoing monitoring of assets and write-off in order to ensure that the business-financial performance is in line with the company plans |
Risk related to ineffective warehousing, in terms of poorly efficient supply procurement/print run planning processes, with possible reverberations on stock breakage or high quantities of stock to be depreciated | Improvement in publishing efficiency and process rationalization |
Receivables: collection time and increased counterparty insolvency | Ongoing monitoring of customer credit exposure and use, if required, of hedging instruments. Preventive analysis of customer solvency. Introduction of financial balance among management incentives parameters |
Main risks | Mitigation actions |
---|---|
Growing competition in the Group’s markets, due to the increased competitiveness of existing players and to new players landing on the market | Continuous improvement in editorial content and product quality. Integration of the sales network to target cost and revenue synergies |
Main risks | Mitigation actions |
---|---|
Criticalities associated with regulatory developments on specific business issues regarding the Group’s areas of operation | Constant control and active participation in discussions for the issuance of new regulatory provisions also thanks to the involvement of the main category associations. Prompt adjustment of business activities and products to the changes that have taken place, including through implementation of the new provisions in the Group’s internal policies |
Burden/criticalities from regulatory obligations following changes in the legal framework (Privacy, MAR, Whistleblowing, Legislative Decree 49/19, Business crisis Legislative Decree 14/19) | Ongoing monitoring of legislation. Process and organizational changes to adapt the internal structure to the changing legal framework |
Main risks | Mitigation actions |
---|---|
The materialization of events that may damage the Group’s image and brands could result in the loss of customers, profit and reputation | Monitoring and prompt actions on different information sources through appointed functions (external relations, sustainability, and social media) |