Siemens 2009 Annual Report Download - page 100
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12
Reports Supervisory Board /
Managing Board Corporate Governance Management’s discussion and analysis Consolidated Financial Statements
6 Report of the Supervisory Board 12 Letter to our Shareholders
www.siemens.com/letter-shareholders
www.siemens.com/managing-board
Dear Shareholders,
In fiscal , the financial markets and the entire global
economy plummeted, hit by the worst crisis of the post-war
era. Confidence in the markets was profoundly shaken, and
the fallout has been dramatic. Although there are now signs
that the situation is gradually stabilizing, it’s still too early
to say when the global economy will be back on its feet.