Mips Annual Report 2020

Page 6

contents

message from the ceo

market overview

business model, strategy & targets

operations

risk & risk management

sustainability report

financial information

corporate governance report

share information

We leave a successful but highly unusual year behind us 2020 goes down in history as a year when we, despite an extremely challenging environment, managed to advance our positions in a very good manner. 2020 is a year that will go down in history as an extremely different, and in many ways challenging, year. I believe it has left its mark on all of us. For us it will go down in history as a year consisting of two chapters. The first chapter was largely about uncertainty. The majority of our markets were essentially

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MIPS — ANNUAL REPORT 2020

closed during the second quarter and most of our customers’ staff were furloughed or, in the worst of cases, had lost their jobs – a situation that most would view as a signal for Mips to pull the parking brake. But we chose not to see it that way. The big question that we asked ourselves was whether


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