report of the board of management for the year ended March 31, 2003

Revenue held almost flat while market declined substantially.
Profit before tax € 7.9 million after charging restructuring costs of € 54.6 million.


The Board of Management presents its report and the audited financial statements for the year ended March 31, 2003.

Principal activities and strategy

Fujitsu Limited and Siemens AG have established Fujitsu Siemens Computers (Holding) BV (“the Company”) as a joint venture holding company owning companies (which together comprise “the Group”) with the purpose of developing, manufacturing, distributing, marketing, selling, leasing and servicing computer products in markets across Europe, the Middle East and Africa. Computer products comprise server systems, mainframes, storage products, mobiles and personal computers and related system software and services.

Serving the needs of large enterprises, small and medium businesses and consumers, the Group offers one of the world’s most complete IT product and solution portfolios. Our leading-edge technology and innovative products span the entire range of personal and enterprise computing needs. With manufacturing facilities in Germany and approximately 7,400 employees serving our customers, the Group operates in all key markets across Europe, the Middle East and Africa.

Fujitsu Siemens Computers offers a full range of IT products for enterprise computing ranging from best-in-class Intel- and Unix-based servers to mainframes and enterprise storage solutions. We are also one of the leading providers of mobiles, PCs and workstations to business customers, and are the no. 1 supplier of computers for home users in Europe.

The Group benefits from the strengths and the innovative power of its parent companies Fujitsu Limited and Siemens AG. The global co-operation with Fujitsu and Siemens also provides access to a worldwide network of service and integration partners.

Our strategic direction remains focused on Mobility and Business Critical Computing. Business Critical Computing harnesses the core competencies of Fujitsu Siemens Computers and is concerned with building secure, reliable and scalable IT infrastructures, for both current and future e-business environments. We continue to address the ever-increasing demand for advanced solutions that support the mobility of users with anytime access to Internet services and applications – independent of location and device.


 
 
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