“Siemens got off to a good start in fiscal 2009, including better order development than most of our competitors in the first quarter,” commented Siemens CEO Peter Löscher. “Revenue increased strongly, and we have a robust book-to-bill above one. Total Sectors profit clearly exceeded the prior-year level. Therefore we are sticking to our 2009 targets, even though reaching them has become more ambitious. While we are closely monitoring market conditions on a quarterly basis, we are progressing through the year strong, confident and focused.”