41 E.ON has long been active along the entire value chain in power and gas. This business model has proven its worth in our industry. Following a period of substantial growth, we now have a broad platform and good market positions from which to successfully meet the challenges of the future. As the economic crisis has demonstrated, our broad diversification--geographi- cally and along the value chain--is the right strategy and enables us to respond flexibly in difficult market situations. We launched PerformtoWin, our Group-wide efficiency- enhancement program. Before the economic crisis started. Its purpose is to deliver lasting earnings im- provements--1.5 billion by 2011--by enhancing the efficiency of our organization and our productivity. Continual performance enhancement will remain a key objective at E.ON. The more efficient we are, the more competitive we are. Climate protection will also play an important role in our business in the years ahead. We're significantly expanding our renewables capacity and also investing in new nuclear capacity and high-efficiency conven- tional power plants. This will enable us to achieve our objective of halving our generation fleet's specific carbon emissions by 2030. Our Strategy