Irrespective of the detectably brighter national and international sector environment, and the general global economic recovery, macroeconomic risks remain high - not least given many countries' high national indebtedness levels. We will correspondingly continue in the current year with our cautious corporate policy of last year, which is particularly oriented to preserving liquidity. 

Our investments in the consistent pursuit of our strategic expansion are nevertheless unaffected by this. Since our investment planning is based on the trend in our new series production start-ups, which are affected by a lower degree of uncertainty, rather than general expectations for the sector, our expansion strategy is well secured by the numerous new orders within the Group, which are based on an average future timeframe of five to seven years. 

In the current financial year, extensive series productions, particularly for cross beams, as well as car body and seat components, with an estimated lifetime volume of approximately EUR 350 million will enter the production start-up phase. As a consequence, this year's approximately EUR 19 million of investments ? primarily in such series start-ups - will significantly exceed last year's reduced level. 

In the first quarter of 2010, our processes' high flexibility allowed us to respond without time loss to the unexpected scope in the recovery of our customers' call order behaviour, but our financial flexibility also enabled us to again finance our investments partly with internally generated cash flow, following previous months where we had been confronted with the burdens presented by the crisis. 

Given these circumstances, the 2010 financial year again stands clearly under the sign of significant growth. We anticipate revenue growth of around 15 percent for the current year. Our medium-term target envisages exceeding the EUR 300 million mark in 2012. 

As part of this, we aim to again sustainably stabilise Group profitability this year. Above and beyond the gearing effects resulting from a demand-led increase in capacity utilisation, the reduction in our breakeven threshold that we implemented during the sector recession will have an earnings-boosting effect in this respect, along with the far advanced stage of the creation and expansion of our foreign sites, and their growing earnings contributions. The first quarter has brought us a good deal further along this path, and this solidly underpins our expectation of a clearly positive consolidated net result for 2010.