Changes in Hartmann’s profit/loss and equity are affected 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 corporate finance function, which also functions as a service centre to all subsidiaries.
Hartmann uses interest rate swaps and forward contracts to hedge some of the financial risks that 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 2010.