Microwave Vision S.A.

Climate Impact & Sustainability Data (2019)

Exploring the implementation of an Environmental Management System (EMS) to improve environmental performance and pollution prevention.
Commitment to RoHS requirements for customer products.

Prioritized employee safety during the COVID-19 pandemic by implementing broad-based teleworking and maintaining production while adhering to safety and social distancing guidelines.
No significant loss in revenue or profit reported due to COVID-19 as of the reporting date.

Board of Directors consists of 6 members and 1 observer, with 16.66% independent directors and 2 women.
Eight board meetings held in 2019 with a 95% attendance rate.
Internal scientific and technical committees support decision-making.

Commercial risks related to geographic location, market situation, European and international monetary situations.
Customer risks related to delivery and acceptance schedules, although mitigated by diverse customer base and advance payments.
Risks related to intellectual property, technological developments, key employees, and fraud.
Uncertainty due to the COVID-19 pandemic and its potential impact on the global economic environment.

Diversified geographical and sectoral positioning to leverage opportunities.
Active new product development to avoid market share erosion.
Fixed interest rate debt to mitigate interest rate risk.
Advance payments and staggered billing to mitigate customer risk.
Investment in R&D (€5,263k) to address technological obsolescence.
Strong internal controls to mitigate fraud risk.
Prioritized employee safety and implemented teleworking during COVID-19 pandemic.

Frameworks Used: IFRS