Siemens 2005 Annual Report Download - page 11

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11
Letter to our Shareholders
Poised to grow
Along the way to meeting our targets for 2007, the profitability measures we imple-
mented in 2005 will begin showing positive effects in fiscal 2006, but we still face
challenges in our information and communications business that will require further
attention. On the growth side, we’re confident that our Groups are strategically well-
positioned for the future. We are in businesses that provide us the opportunity to bene-
fit from megatrends; cutting-edge innovation will allow us to keep one step ahead of
our competitors; and an increasing ability to integrate our cross-Group offerings
meets our customers’ needs for advanced and comprehensive solutions.
I am pleased to report that your company continues its proud past and looks for-
ward to a successful future.
Dr. Klaus Kleinfeld
President and Chief Executive Officer
Siemens AG