Siemens 2008 Annual Report Download - page 113
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Siemens in fiscal 2009 – Driving growth
Although we anticipate that new order growth and, consequently, revenue growth will atten in scal
2009, our full order books – with contracts worth more than €85 billion – will keep us on solid footing.
The global economic situation clearly conrms the wisdom of our having restructured our Company
when we did, seizing the moment to position ourselves for a future geared to growth. That’s why we see
good chances of meeting our targets for scal 2009. We intend to continue increasing our revenue at
twice the rate of world GDP. Our earnings target for the coming scal year is clearly even more ambitious
now than when we dened it – but we’re sticking to it. We’ll evaluate the repercussions of the nancial
crisis on the real economy on a quarterly basis.
Moving into the year ahead, we’re condent and poised to seize new opportunities. Our Company
is strong. And we’re building on our strengths – a clear focus on customer requirements, an innovative
product portfolio, nancial clout and highly committed and motivated people – to continue achieving
sustainable, protable growth.
Peter Löscher
President and Chief Executive Ofcer
Siemens AG
Letter to our Shareholders 17