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Bakkavor’s risk management process is designed to help the Group deliver against its strategy, while protecting the interests of key stakeholders and safeguarding assets including its people, finances and reputation.

The Group’s principal risks and uncertainties are set out below. In 2019, the Group extended its principal risks and uncertainties to include legal and regulatory risks to recognise the wider responsibilities which come with our listed status.

In addition, the Directors have carried out an assessment of the reasonable but potential impact of the COVID-19 outbreak on the Group’s operations.

For further information please see pages 58-65 in our 2019 Annual Report.

Key
Change in risk level over past 12 months Link to strategic priorities

higher

level

lower

Leveraging number one position in the UK

Accelerating growth in high-potential international markets

Improving operational efficiency