Season's Greetings

We wish you a happy festive season and a successful and happy New Year!

Dear Customers and Business Partners,

The year 2021, too, will be remembered as a year of Covid. The hopes of many millions of people worldwide that the effects of the pandemic could be brought under control thanks to the rapidly developed, highly effective vaccines, and that they would be able to return to their normal lives have not yet been fulfilled due to various factors. Another variant of the virus, Omicron, is currently spreading and its impact on people and the economy remains to be seen.

After the uncertainties of the past months, we are all looking forward to reflective holidays and time with family and friends - and also for ourselves. I sincerely hope that you and your loved ones are well and will be able to enjoy the holidays despite the renewed restrictions.

From Horváth's perspective, we have been involved in a number of exciting and forward-looking projects for both long-standing and new clients. Megatrends such as digitalization, sustainability and New Work are accelerating the need for transformation and we are very much looking forward to supporting you in the successful development of your company in the coming year.

As you may have gathered from the media, I have decided to pursue new avenues after 31 March 2022 and hand over responsibility as CEO of Horváth to my esteemed colleague on the Managing Board, Helmut Ahr. I would like to take this opportunity to sincerely thank you for your great cooperation and the trust you have placed in me and our company over many years.

I would like to wish you and your family a wonderful, relaxing holiday season and all the best for the New Year - above all, stay healthy!

Yours,

Dr Michael Kieninger

P.S.: On behalf of all our staff, we have decided to increase our Christmas donation this year by the amount originally planned for our Christmas parties. Our donations will be going to: Unicef's Covax Initiative, the German Children's Fund, SOS Children's Village Austria, Yehudi Menuhin Live Music Now, Light of LoveHeart of Children Association and Friends of Bobbi Bear.