Siemens 2009 Annual Report Download - page 103

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 Managing Board statements, Independent auditors’ report, Additional information
We also have excellent business prospects in the emerging countries. Our Company has been doing
business in most of these countries for many decades and in the BRIC countries for over  years.
We’re a well-respected business partner in these regions. We know the people, and we’re familiar with
their cultures. We understand the challenges facing our local customers, and we have the solutions
they need.
The fast-growing middle-market segments in the BRIC countries also offer tremendous business poten-
tial for us. However, to realize this potential, we’ll have to redouble our efforts to drive the development
of products and solutions tailored to these segments. And this means sharpening our focus on core
functionalities and on products that are extremely robust, user-friendly and reasonably priced. The
challenges involved in penetrating such markets are considerable. But we’re meeting them with the
same perseverance and commitment to reliability and quality that have already made our Company
a leading player in high-end markets.
Siemens in fiscal 
Against the backdrop of a relentlessly challenging market environment, we anticipate a downturn in
revenue in fiscal  in the mid-single-digit range – a considerably smaller decline than the double-
digit drop posted in fiscal . We aim to generate a total Sectors profit of between € billion and
€. billion and expect profit from continuing operations to increase some  percent compared to fiscal
. Despite the global economic challenges, we intend to continue investing heavily in research and
development in order to further expand our leading market and technology positions and strengthen
the foundation for our profitable, long-term post-crisis growth.
Having left the burdens of the past behind, we’re now looking ahead to fiscal  and the years beyond
with determination and self-confidence. Thanks to our outstanding innovative strength, our global pres-
ence and, above all, our highly committed and motivated people, we have everything on board that we
need to be a leader in the infrastructure markets of tomorrow.
Peter Löscher
President and Chief Executive Officer
Siemens AG