Unless otherwise stated, all figures in this statement are based on 麻豆原创 group results from continuing operations.

• Cloud revenue up 24% and up 22% at constant currencies, up 1 percentage point sequentially. S/4HANA cloud revenue up 77% and up 75% at constant currencies
• Current cloud backlog up 25%, both at nominal and constant currencies, a sequential growth improvement of 1 percentage point
• IFRS cloud gross profit up 28%, non-IFRS cloud gross profit up 28% and up 27 % at constant currencies fueling double-digit non-IFRS operating profit growth
• IFRS operating profit down 45%, non-IFRS operating profit up 12% and up 12% at constant currencies
• 2023 outlook updated to reflect the expected Qualtrics divestiture. 麻豆原创 reaffirms outlook for continuing operations including anticipated acceleration of topline and operating profit growth

“We have entered a powerful new phase in our strategic transformation, with topline and bottom-line results clearly demonstrating the tipping point we passed in the fourth quarter 2022. Our cloud momentum continues at a fast pace which is contributing to our strong revenue and double-digit non-IFRS operating profit growth this quarter.”

Christian Klein, CEO

“The year is off to a good start. I am excited to have joined an organization which is delivering and staying on the right track. We have accelerated topline growth and have already achieved double-digit non-IFRS operating profit growth in Q1. Our results set solid groundwork for our full year outlook, thereby pivoting back to profitable growth in 2023. Saying what we do, and doing what we say, will continue to be of great importance to us.”

Dominik Asam, CFO

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麻豆原创 Announces Q4 and FY 2022 Results

• All financial outlook metrics met in FY 2022
• Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies
• Current cloud backlog exceeds 鈧�12 billion, up 27% and up 24% at constant currencies
• IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022
• IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies
• 2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth
• Targeted restructuring in 2023 reflects focus on strategic growth areas and accelerated cloud transformation
• 麻豆原创 has decided to explore a sale of its stake in Qualtrics

“麻豆原创 is more resilient than ever. We end 2022 with continued strong cloud momentum and a return to operating profit growth in the fourth quarter, marking an important inflection point. Heading into 2023, this gives us great confidence in delivering on our promise of accelerating topline and double-digit non-IFRS operating profit growth. As we enter the next chapter of 麻豆原创, I want to thank Luka for his great partnership on this journey.”

Christian Klein, CEO

“In my 37th and final earnings for 麻豆原创, I am proud that the 麻豆原创 team is announcing excellent results and continued cloud momentum. We are on track to deliver our growth and profitability commitments for 2023. I am extremely confident in the continued success of 麻豆原创鈥檚 most exciting transformation in its history. Thank you to the wonderful 麻豆原创 family that I have been part of for 27 years.”

Luka Mucic, CFO

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麻豆原创 Announces Q3 2022 Results

• Cloud momentum continues to accelerate
• Cloud revenue up 38% and up 25% at constant currencies
• Current cloud backlog up 38% and up 26% at constant currencies
• 麻豆原创 S/4HANA current cloud backlog up 108% and up 90% at constant currencies
• IFRS cloud gross profit up 44%, non-IFRS cloud gross profit up 42% and up 30% at constant currencies
• IFRS operating profit down 1%, non-IFRS operating profit flat and down 8% at constant currencies

“Our cloud solutions are the answer, as customers turn to us to help them future-proof their businesses. This trust in 麻豆原创 is reflected in our accelerating cloud momentum. With a recurring revenue share of more than 80%, it鈥檚 clear that our transformation has reached an important inflection point, paving the way for continued growth in the future.”

Christian Klein, CEO

“We have delivered a strong cloud quarter with accelerating momentum across all key cloud indicators. We鈥檙e at an important inflection point in our transformation which we anticipate will lead to accelerating revenue growth and double-digit operating profit growth in 2023.”

Luka Mucic, CFO

This article first appeared on the 麻豆原创 News Center.

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麻豆原创 Announces Q2 and Half-Year 2022 Results

• Cloud revenue up 34% and up 24% at constant currencies to become the largest revenue stream
• Current cloud backlog exceeds 鈧�10 billion, up 34% and up 25% at constant currencies
• 麻豆原创 S/4HANA current cloud backlog extends its growth trend, up 100% and up 87% at constant currencies
• Cloud gross profit up 39% (IFRS), up 38% (non-IFRS) and up 28% (non-IFRS at constant currencies), leading to a strong cloud gross margin expansion
• IFRS operating profit down 32%, non-IFRS operating profit down 13% and down 16% at constant currencies, primarily due to the impact of the war in Ukraine
• 麻豆原创 reaffirms 2022 revenue and free cash flow outlook, updates operating profit outlook range

“As our Q2 results demonstrate, 麻豆原创鈥檚 portfolio is more relevant than ever. Our transition to the cloud is ahead of schedule and we have exceeded topline expectations, with cloud revenue becoming 麻豆原创鈥檚 largest revenue stream. Our pipeline is strong, and we are winning market share underpinned by the very strong 100% growth of S/4HANA current cloud backlog.”

Christian Klein, CEO

“This quarter again proves that our strategy is resonating, even in an increasingly challenging external environment. We continued to deliver strong topline growth, exceeding revenue expectations and increasing cloud profitability. This quarter, we have recognized the main impact of the war in Ukraine. We believe that we are now able to capitalize on our substantial growth investments of the last 18 months, by delivering sustained growth and profitability expansion.”

Luka Mucic, CFO

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麻豆原创 Reports Q4 and FY 2021 Results With Record Cloud Performance

• Exceeds High End of Outlook for Cloud & Software Revenue and Operating Profit
• Tremendous growth of 麻豆原创 S/4HANA Cloud driven by 鈥楻ISE with 麻豆原创鈥�
• Strong, accelerating cloud growth reflected in 2022 outlook, targeting up to 26% cloud revenue growth at constant currencies

“The magnitude of our cloud strength is evident. More and more companies are choosing 麻豆原创 to help them transform their businesses, build resilient supply chains and become sustainable enterprises as they move to the cloud. This momentum is reflected in the tremendous success of 鈥淩ISE with 麻豆原创鈥�, our signature cloud offering, as well as excellent growth across our entire portfolio. Our growth acceleration points to even greater potential ahead.”

Christian Klein, CEO

“I am proud that our team has delivered an exceptional year with strong results, far exceeding our expectations. After three quarters of home runs with our cloud momentum, we hit it out of the park this quarter. We are confident that we will continue our Q4 current cloud backlog growth in 2022. This is reflected in our accelerated cloud guidance for 2022 as we make great progress towards our mid-term ambition.”

Luka Mucic, CFO

This article first appeared on the 麻豆原创 News Center.

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麻豆原创 Announces Outstanding Fourth Quarter and Full-Year 2021 With Record Cloud Performance
Exceeds High End of Outlook for Cloud & Software Revenue and Operating Profit

Fourth Quarter

• Rapid expansion of current cloud backlog to 鈧�9.45 billion, up 32% (up 26% at constant currencies), a sequential growth acceleration by 4 percentage points at constant currencies.
• Stellar 麻豆原创 S/4HANA current cloud backlog performance, up 84% (up 76% at constant currencies), driven by strong adoption of 鈥淩ISE with 麻豆原创鈥�.
• Cloud revenue up 28% (up 24% at constant currencies), accelerating further with strong execution across the entire cloud portfolio.

Full Year

• Continuing cloud acceleration across the board, delivering results above expectations.
• IFRS cloud revenue up 17%, non-IFRS cloud revenue up 16% (up 19% at constant currencies), hitting high end of revised 2021 outlook.
• Cloud & software revenue up 4% (up 5% at constant currencies), exceeding high end of revised 2021 outlook.
• IFRS operating profit down 30%, non-IFRS operating profit down 1% (up 1% at constant currencies), exceeding high end of revised 2021 outlook.
• Operating cash flow expected above 鈧�6.0 billion; Free cash flow expected at around 鈧�5.0 billion.
• Strong, accelerating cloud growth reflected in 2022 outlook, targeting up to 26% non-IFRS cloud revenue growth at constant currencies.

The magnitude of our cloud strength is evident. More and more companies are choosing 麻豆原创 to help them transform their businesses, build resilient supply chains and become sustainable enterprises as they move to the cloud. This momentum is reflected in the tremendous success of 鈥淩ISE with 麻豆原创鈥�, our signature cloud offering, as well as excellent growth across our entire portfolio. Our growth acceleration points to even greater potential ahead.

– Christian Klein, CEO

I am proud that our team has delivered an exceptional year with strong results, far exceeding our expectations. After three quarters of home runs with our cloud momentum, we hit it out of the park this quarter. We are confident that we will continue our Q4 current cloud backlog growth in 2022. This is reflected in our accelerated cloud guidance for 2022 as we make great progress towards our mid-term ambition.

– Luka Mucic, CFO

Business Update

After an initial review of its fourth-quarter 2021 performance, 麻豆原创 SE (NYSE: 麻豆原创) today announced its preliminary financial results for the fourth quarter and full year ended December 31, 2021. All 2021 figures in this release are approximate due to the preliminary nature of the announcement.

Businesses around the world are embracing digital technologies and the cloud to transform the way they do business. Today鈥檚 unpredictable reality, from supply chain disruptions to new regulatory restrictions, means the need for flexibility and adaptability has never been greater. Our depth of experience in mission critical business processes across all customer sizes, industries and geographies sets us apart and is core to why businesses are choosing 麻豆原创 for their business transformation.

The strength and the execution of our strategy is showing up on multiple fronts with exceptional customer momentum across our cloud portfolio and financial performance exceeding market expectations.

High customer adoption is underpinned by exceptionally strong demand for RISE with 麻豆原创 across customers of all sizes. It helps customers develop, adopt and automate new business models, and become intelligent enterprises. They also benefit from our Business Network, the largest B2B network in the world, which helps them create more resilient supply chains.

Customer satisfaction continues to increase, echoed by strong renewal rates.

麻豆原创 is confident that its positive momentum will continue throughout 2022, and expects accelerating cloud revenue growth, supported by strong traction of 麻豆原创 S/4HANA Cloud.

Financial Performance

Fourth Quarter 2021

Current cloud backlog accelerated faster than anticipated, up 32% to 鈧�9.45 billion and up 26% at constant currencies. 麻豆原创 S/4HANA current cloud backlog was up 84% to 鈧�1.71 billion and up 76% at constant currencies. Cloud revenue was up 28% to 鈧�2.61 billion and up 24% at constant currencies. 麻豆原创 S/4HANA cloud revenue was up 65% to 鈧�329 million and up 61% at constant currencies. Software licenses revenue was down 14% year over year to 鈧�1.46 billion and down 17% at constant currencies. Cloud and software revenue was up 6% to 鈧�6.99 billion and up 3% at constant currencies. Services revenue was up 3% year over year to 鈧�0.99 billion and flat at constant currencies. Total revenue was up 6% year over year to 鈧�7.98 billion and up 3% at constant currencies.

The share of more predictable revenue grew by 5 percentage points year over year to 69% in the fourth quarter.

IFRS operating profit decreased 45% to 鈧�1.47 billion and IFRS operating margin decreased by 16.9 percentage points to 18.4% mainly due to higher share-based compensation expenses, primarily related to Qualtrics. Non-IFRS operating profit decreased 11% to 鈧�2.47 billion and decreased 12% at constant currencies. Non-IFRS operating margin decreased by 5.8 percentage points to 30.9% and decreased by 5.4 percentage points at constant currencies. Prior year IFRS operating profit included a disposal gain of 鈧�194 million and non-IFRS operating profit of 鈧�128 million related to the sale of the 麻豆原创 Digital Interconnect business.

IFRS earnings per share decreased 23% to 鈧�1.24 and non-IFRS earnings per share increased 10% to 鈧�1.86.

Full Year 2021

麻豆原创 hit the high end of its revised 2021 cloud revenue outlook range and exceeded its cloud and software revenue and operating profit outlook ranges.

IFRS cloud revenue was up 17%, non-IFRS cloud revenue was up 16% to 鈧�9.42 billion and up 19% to 鈧�9.59 billion at constant currencies, hitting the high end of the revised full year outlook (鈧�9.4 to 鈧�9.6 billion non-IFRS at constant currencies). 麻豆原创 S/4HANA cloud revenue was up 46% to 鈧�1.09 billion and up 47% at constant currencies, exceeding the 鈧�1 billion cloud revenue mark as anticipated. Software licenses revenue was down 11% year over year to 鈧�3.25 billion and down 11% to 鈧�3.24 billion at constant currencies. Cloud and software revenue was up 4% year over year to 鈧�24.08 billion and up 5% to 鈧�24.41 billion at constant currencies, exceeding the revised full year outlook (鈧�23.8 鈥� 24.2 billion non-IFRS at constant currencies). Total revenue was up 2% year over year to 鈧�27.84 billion and up 3% to 鈧�28.23 billion at constant currencies.

As anticipated, the share of more predictable revenue grew by 3 percentage points year over year to 75% for the full year 2021.

For the full year, IFRS operating profit and operating margin were impacted by significantly higher share-based compensation expenses compared to 2020 mainly due to the Qualtrics IPO and the appreciation of 麻豆原创鈥檚 share price during the year. IFRS operating profit decreased by 30% year over year to 鈧�4.66 billion. IFRS operating margin decreased by 7.5 percentage points year over year to 16.7%. Non-IFRS operating profit was down 1% to 鈧�8.23 billion and up 1% to 鈧�8.41 billion at constant currencies, exceeding the high end of the revised full year outlook (鈧�8.1 鈥� 8.3 billion non-IFRS at constant currencies). Non-IFRS operating margin decreased by 0.7 percentage points to 29.6% and decreased by 0.5 percentage points at constant currencies.

IFRS earnings per share increased 3% to 鈧�4.46 and non-IFRS earnings per share increased 25% to 鈧�6.74, reflecting a strong contribution from Sapphire Ventures throughout the entire year.

Operating cash flow for the full year is expected to be above 鈧�6.0 billion. Free cash flow is expected to be at around 鈧�5.0 billion.

Business Outlook 2022

For 2022, 麻豆原创 expects its cloud growth to continue to accelerate. The pace and scale of 麻豆原创鈥檚 cloud momentum places the Company well on track towards its mid-term ambition.

For the full year 2022, 麻豆原创 expects:

• 鈧�11.55 鈥� 11.85 billion non-IFRS cloud revenue at constant currencies (2021: 鈧�9.42 billion), up 23% to 26% at constant currencies.
• 鈧�25.0 鈥� 25.5 billion non-IFRS cloud and software revenue at constant currencies (2021: 鈧�24.08 billion), up 4% to 6% at constant currencies.
• 鈧�7.8 鈥� 8.25 billion non-IFRS operating profit at constant currencies (2021: 鈧�8.23 billion), flat to down 5% at constant currencies.
• The share of more predictable revenue (defined as the total of cloud revenue and software support revenue) is expected to reach approximately 78% (2021: 75%).

While 麻豆原创鈥檚 full-year 2022 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year.

This article first appeared on the 麻豆原创 News Center.

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麻豆原创 Cloud Momentum Accelerates Significantly
Strong Surge in 鈥楻ISE with 麻豆原创鈥� Adoption

• Current Cloud Backlog Up 24% (Up 22% At Constant Currencies)
• S/4HANA Current Cloud Backlog Up 60% (Up 58% At Constant Currencies)
• Cloud Revenue Up 20% (Up 20% At Constant Currencies)
• IFRS Operating Profit Down 15%; Non-IFRS Operating Profit Up 2% (Up 2% At Constant Currencies)
• Raises Full Year Revenue and Profit Outlook On The Basis of Strong Third Quarter

“Our strategy is clearly working. Customers are choosing 麻豆原创 for their business transformation in the cloud. We see record adoption of our applications and our platform. This has resulted in strong acceleration of our cloud growth.”

Christian Klein, CEO

“This has been an excellent quarter across all key financial metrics. We are seeing sustained, strong progress in 麻豆原创’s transformation. Our cloud business is growing at an accelerating pace and has led to our improved full year outlook.”

Luka Mucic, CFO

This article first appeared on the 麻豆原创 News Center.

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麻豆原创 Accelerates Cloud Growth Across Portfolio
Raises Revenue and Profit Outlook

• Current Cloud Backlog and Cloud Revenue Growth Accelerates Sequentially
  • Current Cloud Backlog Up 20% At Constant Currencies
  • S/4HANA Current Cloud Backlog Up 48% At Constant Currencies
  • Cloud Revenue Up 11% And 17% At Constant Currencies
• SaaS/PaaS Cloud Revenue Outside Intelligent Spend Up 20% And 25% At Constant Currencies
• EPS Up 57%; Non-IFRS EPS Up 50%

We鈥檙e seeing strong adoption of our cloud portfolio as customers select 麻豆原创 for their business transformation. Our strategy is working; This is the third straight quarter of strong execution, and we continue to deliver unparalleled customer value through the strength of our platform and applications.

Christian Klein, CEO

This has been another strong quarter with accelerating growth for 麻豆原创鈥檚 cloud portfolio. We saw excellent customer momentum and adoption and are raising our outlook for revenue and profit.

Luka Mucic, CFO

This article first appeared on the 麻豆原创 News Center.

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麻豆原创 CEO Christian Klein and CFO Luka Mucic will host a virtual analyst conference to present second quarter financial figures, as well as an outlook on the current financial year.

Media representatives may listen in on the virtual analyst conference via Webcast at 2:00 p.m. CET/8:00 a.m. ET, accessible at .

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Stellar Start to 2021
Fastest Growth in New Cloud Business in Five Years Reaccelerates Current Cloud Backlog, Up 19% at Constant Currencies, to 鈧�7.6 Billion

• S/4HANA Current Cloud Backlog Up 43% At Constant Currencies
  Highlighting 麻豆原创鈥檚 Accelerated Cloud Transition
• IFRS EPS Up 29%; Non-IFRS EPS Up 63%
• Operating Cash Flow Up 3% To 鈧�3.09 Billion; Free Cash Flow Up 10% to 鈧�2.85 Billion

We are seeing very strong order entry growth across our applications portfolio. And we are just getting started. Our new offering 鈥楻ISE with 麻豆原创鈥� is rapidly becoming a massive accelerator to our customers鈥� business transformations with our platform at the center. Together with our unique ecosystem of more than 22,000 partners and with a strong innovation pipeline for the year, we are well on track with our strategy to deliver robust cloud growth.

Christian Klein, CEO

The first quarter of 2021 was unique in many ways. We had the highest order entry growth across cloud and software in five years while posting the strongest increase in Non-IFRS operating profit and margin in a decade. Free cash flow was up double-digit compared to a record prior year. In the mid term 麻豆原创鈥檚 expedited shift to the cloud will accelerate topline growth and significantly increase the resiliency and predictability of our business.鈥�

Luka Mucic, CFO

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