Siemens 2005 Annual Report Download - page 133
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133
Outlook
With our view towards fiscal 2007, we will continue to rigorously execute on our Fit4More pro-
gram and expect that the necessary strategic reorientation measures will affect, positively and
negatively, our income and cash flow throughout fiscal 2006. We intend to make Siemens fit for
the future, including a further strengthening of our leadership in strategic markets.
This Annual Report contains forward-looking statements and information – that is, statements
related to future, not past, events. These statements may be identified by words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar mean
ing.
Such statements are based on our current expectations and certain assumptions, and are, there-
fore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond
Siemens’ control, affect its operations, performance, business strategy and results and could
cause the actual results, performance or achievements of Siemens to be materially different from
any future results, performance or achievements that may be expressed or implied by such for-
ward-looking statements. For us, particular uncertainties arise, among others, from changes in
general economic and business conditions, changes in currency exchange rates and interest
rates, introduction of competing products or technologies by other companies, lack of acceptance
of new products or services by customers targeted by Siemens, changes in business strategy and
various other factors. More detailed information about certain of these factors is contained in
Siemens’ filings with the SEC, which are available on the Siemens website, www.siemens.com, and
on the SEC’s website, www.sec.gov. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may vary materially from those
described in the relevant forward-looking statement as expected, anticipated, intended, planned,
believed, sought, estimated or projected. Siemens does not intend or assume any obligation to
update or revise these forward-looking statements in light of developments which differ from
those anticipated.
Management’s discussion and analysis
Consolidated Financial Statements Notes to Consolidated Financial Statements