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

The post 麻豆原创 Announces Q1 2023 Results appeared first on 麻豆原创 Africa News Center.

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

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

The post 麻豆原创 Announces Fourth Quarter and Full-Year 2022 Results appeared first on 麻豆原创 Africa News Center.

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.

The post 麻豆原创 Announces Third Quarter 2022 Results appeared first on 麻豆原创 Africa News Center.

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

The post 麻豆原创 Announces Q2 and Half-Year 2022 Results appeared first on 麻豆原创 Africa News Center.

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.

The post 麻豆原创 Announces Preliminary Q4 and Full-Year 2021 Results appeared first on 麻豆原创 Africa News Center.

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

The post 麻豆原创 Announces First Quarter 2021 Results appeared first on 麻豆原创 Africa News Center.

麻豆原创 Pre-Announces 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

• IFRS Cloud Revenue Up 7%; Non-IFRS Cloud Revenue Up 13% At Constant Currencies
• IFRS Software Licenses Revenue Up 7%; Non-IFRS Software Licenses Revenue Up 11% At Constant Currencies, Fastest Growth in Five Years
• IFRS Cloud & Software Revenue Up 1%; Non-IFRS Cloud & Software Revenue Up 6% At Constant Currencies
• IFRS Operating Profit Down 21%; Non-IFRS Operating Profit Sharply Up 24% At Constant Currencies
• IFRS Operating Margin Down 3.4pp; Non-IFRS Operating Margin Up 4.9pp At Constant Currencies
• IFRS EPS Up 29%; Non-IFRS EPS Up 63%
• Raises Full-Year Outlook

鈥淲e are seeing very strong growth across all our applications. 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.鈥�

Christian Klein, CEO

 

鈥淭he 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. 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

First Quarter Business Update

麻豆原创 saw a sharp acceleration in new cloud business across its cloud portfolio, as well as a strong start for 鈥楻ISE with 麻豆原创鈥� which is driving customers鈥� business transformation in the cloud. Software licenses had strong, double-digit growth at constant currencies. 麻豆原创 had significant competitive wins in ERP, digital supply chain and across its broader cloud solution portfolio.

Despite the continued impact of global travel restrictions on Concur鈥檚 business, 麻豆原创鈥檚 cloud revenue growth was resilient in the first quarter, up 13% at constant currencies. SaaS/PaaS cloud revenue outside the Intelligent Spend business was up 24% at constant currencies. Looking forward, 麻豆原创鈥檚 strong new cloud business performance is expected to reaccelerate cloud revenue growth.

Throughout the COVID-19 crisis, 麻豆原创 continues to serve its customers effectively with an embedded virtual sales and remote implementation strategy.听 The company retains a disciplined approach to hiring and discretionary spend while capturing natural savings e.g. from lower travel, facility-related costs and virtual events. The prior year included a cost of approximately 鈧�36 million in relation to the cancellation of its in-person annual 麻豆原创PHIRE NOW and other customer events, as well as normal travel behavior. These factors in combination with the strong topline performance drove materially higher operating profit (non-IFRS at constant currencies) and operating margin both of which were significantly above market expectations.

First Quarter Financial Performance

Current cloud backlog was up 15% to 鈧�7.63 billion and up 19% (at constant currencies). Cloud revenue was up 7% year over year to 鈧�2.14 billion (IFRS), up 7% to 鈧�2.15 billion (non-IFRS) and up 13% (non-IFRS at constant currencies). Software licenses revenue was up 7% year over year to 鈧�0.48 billion (IFRS and non-IFRS) and up 11% (non-IFRS at constant currencies). Cloud and software revenue was up 1% to 鈧�5.43 billion (IFRS and non-IFRS) and up 6% (non-IFRS at constant currencies). Services revenue was down 18% year over year to 鈧�0.9 billion (IFRS and non-IFRS) and down 14% (non-IFRS at constant currencies). This revenue decline reflects the November 2020 divestiture of 麻豆原创 Digital Interconnect, which contributed approximately 鈧�90 million of services revenue (IFRS and non-IFRS) in the first quarter of 2020. Total revenue was down 3% year over year to 鈧�6.35 billion (IFRS and non-IFRS) and up 2% (non-IFRS at constant currencies).

The share of more predictable revenue^[1] grew by approximately 2 percentage points year over year to approximately 78% in the first quarter.

IFRS operating profit decreased 21% to 鈧�0.96 billion and IFRS operating margin decreased by 3.4 percentage points to 15.1% due to higher share-based compensation expenses (primarily related to Qualtrics IPO awards) and restructuring expenses related to the accelerated harmonization of 麻豆原创鈥檚 cloud delivery infrastructure. Non-IFRS operating profit increased 17% to 鈧�1.74 billion, up 24% (non-IFRS at constant currencies) and operating margin increased by 4.7 percentage points to 27.4%, up 4.9 percentage points (non-IFRS at constant currencies).

Earnings per share increased 29% to 鈧�0.88 (IFRS) and increased 63% to 鈧�1.40 (non-IFRS) reflecting another strong contribution from Sapphire Ventures.

Financial Results at a Glance

¹⁾ For a detailed description of 麻豆原创鈥檚 non-IFRS measures 听online.
²⁾ As this is an order entry metric, there is no IFRS equivalent.
All figures are preliminary and unaudited. Due to rounding, numbers may not add up precisely.

Non-IFRS Adjustments

The total difference between non-IFRS revenue metrics and the respective IFRS revenue metrics results from adjusting the impact of business combination fair value accounting. In the first quarter, the difference between non-IFRS operating profit and IFRS operating profit includes, in addition to the revenue adjustments of 鈧�0.00 billion (Q1 2020: 鈧�0.00 billion),

• adjustments for acquisition-related charges of 鈧�0.15 billion (Q1 2020: 鈧�0.16 billion),
• adjustments for share-based payment expenses of 鈧�0.47 billion (Q1 2020: 鈧�0.09 billion) and
• adjustments for restructuring expenses of 鈧�0.16 billion (Q1 2020: 鈧�0.02 billion).

For more details on the individual adjusted expense and revenue categories, our reasons for providing non-IFRS measures and the limitations of our non-IFRS measures please refer to .

Business Outlook

麻豆原创 raises its full-year 2021 outlook reflecting the strong new cloud business performance which is expected to reaccelerate cloud revenue growth. The Company continues to expect a software licenses revenue decline for the full year as more customers turn to the 鈥淩ISE with 麻豆原创鈥� subscription offering for their mission-critical core processes. This outlook also continues to assume the COVID-19 crisis will begin to recede as vaccine programs roll out globally, leading to a gradually improving global demand environment in the second half of 2021.

麻豆原创 now expects:

• 鈧�9.2 鈥� 9.5 billion non-IFRS cloud revenue at constant currencies (2020: 鈧�8.09 billion), up 14% to 18% at constant currencies. The previous range was 鈧�9.1 鈥� 9.5 billion at constant currencies.
• 鈧�23.4 鈥� 23.8 billion non-IFRS cloud and software revenue at constant currencies (2020: 鈧�23.23 billion), up 1% to 2% at constant currencies. The previous range was 鈧�23.3 鈥� 23.8 billion at constant currencies.
• 鈧�7.8 鈥� 8.2 billion non-IFRS operating profit at constant currencies (2020: 鈧�8.28 billion), down 1% to 6% at constant currencies.
• The share of more predictable revenue (defined as the total of cloud revenue and software support revenue) to reach approximately 75% (2020: 72%).

Additional Information

This press release and all information therein is preliminary and unaudited.

First Quarter 2021 Quarterly Statement
麻豆原创鈥檚 first quarter 2021 quarterly statement will be published on April 22, 2021 and will be available for download at .

Webcast
麻豆原创 senior management will host a financial analyst conference call on Thursday, April 22nd at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific), The conference will be webcast live on the Company鈥檚 website at and will be available for replay. Supplementary financial information pertaining to the first quarter results can be found at .

About 麻豆原创
麻豆原创鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 麻豆原创庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives. For more information, visit .

For more information, financial community only:

Stefan Gruber听 听+49 (6227) 7-44872听 听 听investor@sap.com, CET

Follow 麻豆原创 Investor Relations on Twitter at @sapinvestor.

For more information, press only:

Joellen Perry听 听 听 听+1 (650) 445-6780听 听 听 听 joellen.perry@sap.com, PT
Marcus Winkler听 听 听+49 (6227) 7-67497听 听 marcus.winkler@sap.com, CET

For customers interested in learning more about 麻豆原创 products:

Global Customer Center:听 听 +49 180 534-34-24
United States Only:听 听+1 (800) 872-1麻豆原创 (+1-800-872-1727)

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit . On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit . From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from 麻豆原创 TV.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 麻豆原创 are intended to identify such forward-looking statements. 麻豆原创 undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect 麻豆原创’s future financial results are discussed more fully in 麻豆原创’s filings with the U.S. Securities and Exchange Commission (“SEC”), including 麻豆原创’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

漏 2021 麻豆原创 SE. All rights reserved.

No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of 麻豆原创 SE. The information contained herein may be changed without prior notice.

Some software products marketed by 麻豆原创 SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary.

These materials are provided by 麻豆原创 SE and its affiliated companies (“麻豆原创 Group”) for informational purposes only, without representation or warranty of any kind, and 麻豆原创 Group shall not be liable for errors or omissions with respect to the materials. The only warranties for 麻豆原创 Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.

麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE (or an 麻豆原创 affiliate company) in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies. Please see for additional trademark information and notice.

[1] Share of more predictable revenue is the total of non-IFRS cloud revenue and non-IFRS software support revenue as a percentage of total revenue.

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

The post 麻豆原创 Announces Preliminary First Quarter 2021 Results, Raises Full-Year Outlook appeared first on 麻豆原创 Africa News Center.

鈥淒espite being faced with unique challenges in 2020, we delivered strong IFRS profit and a record year for cash flow. We believe our shareholders should participate in this success. Therefore, we recommend a 17% increase in dividend,鈥� said Luka Mucic, Chief Financial Officer, 麻豆原创 SE.

Candidates for Shareholder Representative By-Elections Announced

Two by-elections of shareholder representatives in the 麻豆原创 Supervisory Board will be held at the 2021 Annual General Meeting of Shareholders (AGM). Diane Greene resigned from the Supervisory Board in December 2020. Dr. h.c. mult. Pekka Ala-Pietil盲 announced he will retire from the Supervisory Board with effect from the close of the Annual General Meeting in May 2021. Following the proposal of the Nomination Committee, the Supervisory Board nominated two candidates to stand for election as shareholders鈥� representatives:

• Qi Lu (59), Beijing, China, Founder & Chief Executive Officer, MiraclePlus Ltd., Beijing, China. Dr. Lu has extensive experience in the US and Chinese software industry, including senior executive roles at Microsoft and Baidu. Dr. Lu was named to the 麻豆原创 Supervisory Board by Local Court of Mannheim effective December 21, 2020. If elected, his term would expire in 2023. Dr. Lu is a citizen of the United States of America.
• Rouven Westphal (48), Potsdam, Germany, Member of the Executive Board of the Hasso Plattner Foundation, Potsdam, Germany, and Managing Director of the General Partner of HPC Germany GmbH & Co. KG, Potsdam, Germany. Dr. Westphal has experience in business consultancy and the venture capital industry, and was co-founder and managing director of EXASOL AG (formerly exasol GmbH). If elected, his term would expire in 2022. Dr. Westphal is a citizen of Germany.

The AGM will be held on May 12, 2021, as a virtual event. More information will be made available in advance of the AGM at .

Additionally, the Supervisory Board has extended the contract of Juergen Mueller, Chief Technology Officer and member of the 麻豆原创 Executive Board, for three years through the end of 2024.

Note to holders of 麻豆原创 ADRs (American Depositary Receipts):

One 麻豆原创 ADR represents one 麻豆原创 SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since 麻豆原创 SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs. The final dividend payment by 麻豆原创 SE to the depositary bank is scheduled for May 18, 2021 The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

About 麻豆原创
麻豆原创鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 麻豆原创庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives.

For more information, financial community only:
Stefan Gruber听 +49 (6227) 7-44872听 investor@sap.com, CET

This article first appeared on the 麻豆原创 Global News Center. Follow 麻豆原创 Investor Relations on Twitter at @sapinvestor.

The post 麻豆原创 Proposes Increased Dividend of 鈧�1.85 per Share appeared first on 麻豆原创 Africa News Center.

Updated Business Outlook 2020

麻豆原创鈥檚 previous full year 2020 outlook issued on April 8th, 2020 reflected its best estimates concerning the timing and pace of recovery from the COVID-19 crisis. This outlook assumed economies would reopen and population lockdowns would ease, leading to a gradually improving demand environment in the third and fourth quarters.

While 麻豆原创 continues to see robust interest in its solutions to drive digital transformation as customers look to emerge from the crisis with more resilience and agility, lockdowns have been recently re-introduced in some regions and demand recovery has been more muted than expected. Further and for the same reasons, 麻豆原创 no longer anticipates a meaningful recovery in 麻豆原创 Concur business travel-related revenues for the remainder of the year 2020.

麻豆原创 is therefore updating its full year 2020 outlook and now expects:

• 鈧�8.0 鈥� 8.2 billion non-IFRS cloud revenue at constant currencies (previously 鈧�8.3 鈥� 8.7 billion)
• 鈧�23.1 鈥� 23.6 billion non-IFRS cloud and software revenue at constant currencies (previously 鈧�23.4 鈥� 24.0 billion)
• 鈧�27.2 鈥� 27.8 billion non-IFRS total revenue at constant currencies (previously 鈧�27.8 鈥� 28.5 billion)
• 鈧�8.1 鈥� 8.5 billion non-IFRS operating profit at constant currencies (previously 鈧�8.1 鈥� 8.7 billion)

麻豆原创 continues to expect its share of more predictable revenue to be approximately 72%.

The Company has raised its cash flow expectations for 2020 on the back of a strong year-to-date cash flow performance and now expects an operating cash flow of approximately 鈧�6.0 billion (previously above 鈧�5.0 billion) and a free cash flow above 鈧�4.5 billion (previously approximately 鈧�4.0 billion).

Updated Mid-Term Ambition

麻豆原创鈥檚 previous mid-term ambition was issued on April 24^th, 2019, before the COVID-19 crisis. The company is now updating its mid-term ambition to reflect the following factors:

• The most recent currency exchange rates (October 2020) which translates to a negative 3 to 4 percent effect on revenue and operating profit since April 2019.
• The COVID-19 pandemic which is expected to impact the demand environment, particularly in hard hit industries, through at least the first half of 2021 pushing out the achievement of key metrics such as non-IFRS cloud revenue, total revenue, and operating profit, by 1 to 2 years.
• The acceleration of customers鈥� move to the cloud and subsequent business transformations which drive the new ambition鈥檚 cloud revenue target of more than 鈧�22 billion by 2025. 麻豆原创 expects this to negatively impact the 2023 operating margin by approximately 4 to 5 percentage points relative to the previous mid-term ambition.
• The accelerated harmonization of 麻豆原创 cloud delivery which is expected to require an incremental investment in 2021 and 2022 and to drive the non-IFRS cloud gross margin to approximately 80% by 2025.

As a consequence of 麻豆原创鈥檚 accelerated cloud transition, the Company expects software licenses revenue to continue to trend lower from 2020 levels.

The combined impact of the above factors and the mechanics of the associated business model switch are expected to lead to muted non-IFRS total revenue growth as well as flat or slightly lower non-IFRS operating profit over the next two years, followed by accelerated non-IFRS total revenue and double-digit non-IFRS operating profit growth from 2023 to 2025.

By 2025, this trajectory is expected to take 麻豆原创 to:

• More than 鈧�22 billion non-IFRS cloud revenue
• More than 鈧�36 billion non-IFRS total revenue
• More than 鈧�11.5 billion non-IFRS operating profit
• A significant expansion of the Company鈥檚 more predictable revenue share to approximately 85%

While 麻豆原创鈥檚 full year 2020 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. See the table below for the Q4 and FY 2020 expected currency impacts.

Extended Earnings Conference Call

麻豆原创 senior management will host an extended earnings conference call including slide presentations to discuss the key drivers behind the updated mid term ambition on Monday, October 26^th, from 2:00 鈥� 3:30 PM (CET) / 1:00 鈥� 2:30 PM (GMT) / 9:00 鈥� 10:30 AM (EDT) / 6:00 鈥� 7:30 AM (PDT).

This extended earnings conference call will be webcast live on 麻豆原创鈥檚 website at and will be held in lieu of a virtual capital markets day in the fourth quarter. The presentation slides will be published prior to the earnings call on 麻豆原创鈥檚 website at as well.

Contact:
Stefan Gruber
Head of Investor Relations
Phone: +49 6227 7-44872
Email: investor@sap.com

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

The post 麻豆原创 Updates 2020 Outlook and Mid-Term Ambition – Accelerates Transition to Cloud appeared first on 麻豆原创 Africa News Center.

Strong Double-Digit Growth in EPS and Cash Flow
麻豆原创 Accelerates Transition to Cloud, Targets More than 鈧�22 Billion
in Cloud Revenue by 2025

• Current Cloud Backlog of 鈧�6.6 Billion, Up 16% At Constant Currencies
• IFRS Cloud Gross Margin Up 1.8pp; Non-IFRS Cloud Gross Margin Up 0.7pp At Constant Currencies
• IFRS Operating Margin Down 2.2pp; Non-IFRS Operating Margin Up 1.3pp At Constant Currencies On Strong Prior Year Comparison
• IFRS EPS Up 26%; Non-IFRS EPS Up 31%
• Operating Cash Flow Up 54%, Free Cash Flow Up 79% Year-To-Date
• Updates 2020 Outlook and Mid-Term Ambition
• Targeting Significant Expansion of Cloud Revenue to More than 鈧�22 Billion, Share of More Predictable Revenue of Approximately 85%, Non-IFRS Cloud Gross Margin of Approximately 80% by 2025
• Targeting Double-Digit Non-IFRS Operating Profit Growth from 2023 to 2025

COVID-19 has created an inflection point for our customers. The move to the cloud combined with a true business transformation has become a must for enterprises, to gain resiliency and position them to emerge stronger out of the crisis. Together with our customers and partners we will co-innovate and reinvent how businesses run in a digital world. 麻豆原创 will accelerate growth in the cloud to more than 鈧�22 billion in 2025 and expand the share of more predictable revenue to approximately 85%.

Christian Klein, CEO

 

In Q3 we continued to improve our operating margin against a strong prior year comparison amidst a challenging environment. Earnings per share and cash flow grew even more rapidly. This allows us to raise our 2020 free cash flow outlook even beyond the target communicated last November. Our expedited move to the cloud will ensure we continue our path as a cloud growth company while we remain focused on cost efficiency. These actions and our resilient business model position us well to meet our new ambition targets as uncertainty recedes.

Luka Mucic, CFO

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

The post 麻豆原创 Announces Third Quarter and First Nine Months 2020 Results appeared first on 麻豆原创 Africa News Center.