Hartmann’s profit/loss and equity are influenced by a number of financial risks, among them interest rate, currency, liquidity and credit risks.
Hartmann has centralised the management of its financial risks in the central finance function, which is also a service centre to all subsidiaries.
Hartmann uses interest rate swaps and forward contracts to hedge some of the financial risks that may arise out of its commercial activities. Hartmann does not engage in transactions for the purpose of speculation.
Financial risks and financial risk management are described in detail in the Annual Report 2011, note 33 to the financial statements.