In the period under review, with one exception, there were no changes to the significant opportunities and risks described in the 2007/2008 Group Management Report that may have a material effect on the expected development of the Group in the remaining months of the current fiscal year. The deterioration in economic conditions, which had been outlined as a possible risk in the Group Management Report, has set in. The impact of these latest development as well as the associated measures are discussed in the Report on Expected Developments. The further opportunities and risks described in the 2007/2008 Group Management Report with regard to the expected development of the Group up to the end of fiscal 2008/2009 continue to apply without any material changes.