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Heinrich Pierer  Quotes
Control your fate or somebody else will

—Heinrich Pierer

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Control
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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.

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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The best work is before us.

—Heinrich Pierer

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

—Heinrich Pierer

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Growth
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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.

—Heinrich Pierer

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Focus
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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.

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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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.

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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

—Heinrich Pierer

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Progress
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