Heinrich Pierer Quotations

One option would be to aggressively build up market share to reach the necessary critical mass,

I expect a very good quarter as far as unit sales go.

Our first quarter results are better than we expected, however we stand by the overall outlook we provided in December,

We expect an even tougher operating environment in the next months, especially in the information and communications area,

Times have changed. If we want to maintain our standard of living, we must be better than others. We have a cost issue in this country.

We have been and will be conducting a radical portfolio review process in the U.S., ... The objective is to assess the positioning of our divisions there to obtain critical mass and raise profitability.

pursuing previously announced earnings targets despite the challenging fourth quarter and extremely difficult market conditions.

Despite the challenges being faced by individual groups, we are again aiming for a considerable increase in earnings. The key figures for the first quarter show that we are on the right track.

Despite the difficult economic situation, results are better than expected, ... Our restructuring efforts have made good progress.

Fiscal 2003 will be a year of challenges, ... We will continue to focus on generating net cash from operations, though progress will be more difficult since we have already made significant improvements.

But we are confident that we have the right strategies and that our restructuring measures will bear substantial fruit this year,

For new jobs and more employment, we need stronger growth and we can only achieve that via innovation.

The margins of our groups continue to move towards their target ranges specified in Operation 2003.

It's good that we will soon have a new government. What we now need are concrete steps to tackle our problems.

There will be hunters and hunted, winners and losers. What counts in global competition is the right strategy and success.

The market will need some time to understand this is a very positive report,