IBERSOL Sustainability Report 2017

SUSTAINABILITY REPORT 2017 Sectoral When it comes to strategic planning, the risks of the business portfolio are identified and assessed, new business developments and major projects are assessed, and the methods to manage those risks are then defined. At an operational level, the risks associated with the management objectives of each business are identified and assessed, and the actions tomanage those risks are planned. These actions are included in andmonitored by the business plans and operating units. By exploiting several international brands through franchising, the Group executes long-term contracts which have been renewed, although there is no obligation to do so. To maintain a continued partnership with franchisees, Ibersol endeavours to cultivate and maintain good relations, based on trans- parency andmutual trust, and seeks to strictly comply with all its contractual obligations and defined standards, in order to run an operation of excellence. With its acquisition of the Eat Out Group, Ibersol nowholds a significant portion of its turnover in airport space concessions, which are granted through fixed- term tenders, the renewal of which is not ensured. Finally, operations in the food service sector can be impacted by potential food crises or rawmaterial market distortions, and by possible changes in the consumption patterns, which may significantly impact financial statements, and, thus, also require an equally vigilant and preventive attitude. 29