Near-term risks and uncertainties

VVO Group estimates that the risks and uncertainties in the current financial year are first and foremost related to the development of the Finnish economy. The weak economic development is reflected in both the housing and financial markets. This may impair VVO Group’s cash flow.

The weak development in the Finnish economy may bring on a fall in house prices, which could have an impact on the fair value of VVO Group’s real estate property.

Disturbances in the financial market may impair the availability and costs of financing. This may influence the financing of VVO Group’s growth.

A more detailed description of risks and uncertainties can be found in the 2015 financial statements.