69 / 198
RISK FACTORS
5
INSURANCE STRATEGY
5.7
INDUSTRIAL AND ENVIRONMENTAL RISKS
Due to the nature of its activities, the Group has no significant direct
impact on the environment. In the nuclear sector, the Group provides
only knowledge-based services and is not authorised to operate any
nuclear facilities as defined in the applicable regulations. The Group’s
environmental policy and measures are described in Chapter 4 of this
Registration Document on Corporate Social Responsibility (CSR).
5.8
RISKS RELATED TO ACQUISITIONS
Type
Impact
Risk reduction measures
Risk that acquired companies may
not generate operating profit in
line with the Groups objectives
and expectations.
Dilutive effect on gross margins
and operating profit.
Group profitability/
performance objectives not
met.
A post-acquisition support plan is drawn up for companies that are newly-acquired by
the Group. One of our priorities after acquiring a company is to implement our reporting
systems so that we can quickly monitor changes in results and generation of cash flow
and take any appropriate corrective measures.
The Group has not identified any other significant risks to date.
5.9
INSURANCE STRATEGY
The Group’s insurance strategy includes a proactive risk prevention
and protection approach and the coverage of major risks in all fields
of engagement and for all the activities performed.
To cover these risks, Assystem has contracted a professional and
operating liability insurance policy for its French and international
subsidiaries.
The professional liability insurance policy acts as umbrella insurance
providing protection against any losses and amounts of claims that are
not covered – or not fully covered – by the local insurance policies of
Group entities located outside France.
The Group has signed specific insurance policies for its aeronautics and
space business covering property damage and consequential losses.
The Group’s main insurance policies were renewed in 2015 with the
same conditions as were previously applicable.
69
ASSYSTEM
FINANCIAL REPORT
2015