At a glance

• Current cloud backlog of 鈧�21.9 billion, up 20% and up 25% at constant currencies
• Cloud revenue up 19% and up 27% at constant currencies
• Cloud ERP Suite revenue up 23% and up 30% at constant currencies
• Total revenue up 6% and up 12% at constant currencies
• IFRS operating profit up 17%, non-IFRS operating profit up 17% and up 24% at constant currencies

Christian Klein, CEO:

鈥淲e had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward.鈥�

Dominik Asam, CFO:

鈥淲e delivered a solid start to the year, supported by disciplined execution in revenue and profitability. At the same time, we have remained focused on managing our cost base and maintaining profitability as we navigate an increasingly complex and uncertain macroeconomic and geopolitical environment.鈥�

About 麻豆原创

As鈥痑 global leader in enterprise applications and business AI, 麻豆原创 (NYSE:麻豆原创)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted 麻豆原创 to bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.

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.

For more information, press only:
Marcus Winkler, +46 (6227) 7-67497, marcus.winkler@sap.com, CEST
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CEST

For more information, financial community only:
Alexandra Steiger, +49 (6227) 7-60437, alexandra.steiger@sap.com, CEST

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2025 Annual Report on Form 20-F.
漏 2026 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

麻豆原创 also announced that the 麻豆原创 Integrated Report 2025 is now available and accessible online at .

You can access PDF versions of the 麻豆原创 Integrated Report 2025 and the 麻豆原创 Annual Report 2025 on Form 20-F at our Investor Relations website . A hard copy of the audited consolidated financial statements can also be requested free of charge by sending an email to investor@sap.com or via phone +49 (6227) 7-67336.

Visit the听. Get 麻豆原创 news via听听补苍诲听.

About 麻豆原创

As鈥痑 global leader in enterprise applications and business AI, 麻豆原创 (NYSE:麻豆原创)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted 麻豆原创鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.

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.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, financial community only:
Alexandra Steiger, +49 (6227) 7-767336, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on LinkedIn at .

For more information, press only:
Marcus Winkler, +46 (6227) 7-67497, marcus.winkler@sap.com, CET
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

_{This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2025 Annual Report on Form 20-F.
漏 2026 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.}

• Current cloud backlog of 鈧�14.8 billion, up 28%, both at nominal and constant currencies
• Cloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currencies
• Total revenue up 10%, both at nominal and constant currencies
• IFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currencies
• IFRS operating profit down 11% due to restructuring expenses of 鈧�0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies
• 2024 financial outlook reiterated. 2025 operating profit ambition increased to reflect anticipated incremental efficiency gains from expanded transformation program

“Our cloud growth momentum remained strong in Q2, with Business AI enabling many deals. We continue to execute on our transformation with great discipline, leading to an increase in our operating profit ambition for 2025. At the same time, we continue to invest into our transformation to be the leader in Business AI. Given our progress and strong pipeline, we are confident to achieve accelerating topline growth through 2027.”

Christian Klein, CEO

We are staying squarely focused on delivering our outlook for this year. Our current cloud backlog growth during the second half of 2024, and especially in Q4 will be decisive to lay a solid foundation for our cloud revenue ambition for 2025. At the same time, we鈥檒l continue to execute against our transformation plan to achieve our 2025 free cash flow ambition despite a mid-triple-digit million cash out for restructuring spilling into next year.

Dominik Asam, CFO

1. It is intended to merge Hybris Gesellschaft mit beschr盲nkter Haftung (local court of M眉nchen, HRB 124384) as transferring company in the course of a simplified group merger into 麻豆原创 SE as acquiring company. Therefore, the assets of Hybris Gesellschaft mit beschr盲nkter Haftung in its entirety together with all rights and obligations are transferred to 麻豆原创 SE with effectiveness as of 1 January 2024, 0:00 a.m. (鈥渆ffective merger date鈥�). From the effective merger date to the date of the expiry of Hybris Gesellschaft mit beschr盲nkter Haftung pursuant to Sec. 20 para. 1 No.2 UmwG
   all acts and businesses undertaken by Hybris Gesellschaft mit beschr盲nkter Haftung shall be deemed to have been undertaken for the account of 麻豆原创 SE.

   麻豆原创 SE is the sole shareholder of Hybris Gesellschaft mit beschr盲nkter Haftung. A merger resolution of the acquiring company 麻豆原创 SE is not necessary pursuant to Sec. 62 para. 1 sent. 1 UmwG. A resolution of the general meeting of Shareholders of 麻豆原创 SE on the approval of the merger agreement is also not required because 麻豆原创 SE as the acquiring company holds the share capital of Hybris Gesellschaft mit beschr盲nkter Haftung in full. Since 麻豆原创 SE holds all shares in Hybris Gesellschaft mit beschr盲nkter Haftung, the preparation of a merger report, a merger audit and an audit report is not required pursuant to Secs. 8 para. 3 sent. 3 no. 1 a), 9 para. 2, 12 para. 3, 60 UmwG.

2. The stakeholders of 麻豆原创 SE with a combined holding of one-twentieth of the share capital of the company are herewith advised of their right to request the convention of a general meeting to decide on the approval of the merger (Sec. 62 para. 2 sent. 1, para. 3 sent. 3 UmwG).
3. A resolution of the shareholder鈥檚 meeting of Hybris Gesellschaft mit beschr盲nkter Haftung on the approval of the merger agreement is not required pursuant to section 62 para. 4 sent. 1 UmwG because 麻豆原创 SE is the sole shareholder of Hybris Gesellschaft mit beschr盲nkter Haftung.
4. As of the date of this announcement, the following documents can be assessed by the links below:
   1. .
   2. The annual financial statements and, where required, the annual reports of the companies who are parties to the merger for the fiscal years 2021, 2022, 2023:

      
      
      
      
      
      

听

麻豆原创 SE, April 26, 2024

The Board of Directors

• Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currencies
• Current cloud backlog of 鈧�14.2 billion, up 27% and up 28% at constant currencies
• IFRS cloud gross profit up 27%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies
• IFRS operating loss of 鈥撯偓0.8 billion due to a 鈧�2.2 billion restructuring provision
• Non-IFRS operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increase
• Outlook 2024 reaffirmed

“We鈥檙e off to a great start in 2024 and we鈥檙e confident we鈥檒l achieve our goals for the year. Looking ahead, we have powerful growth drivers in place 鈥� Business AI, cross-selling across our cloud portfolio, and winning new customers particularly in the midmarket. The strength of our current cloud backlog reaching a record growth rate is a testament to that momentum. Our transformation program is also well on track and will help us to capture this growth and increase efficiency.”

Christian Klein, CEO

听

“In the first quarter we successfully kicked off the implementation of our transformation program thereby allowing us to focus our investments on the Business AI opportunity while decoupling expense from revenue growth. We are also very pleased by the unabated growth momentum of the Cloud ERP Suite, reflecting the market鈥檚 secular shift towards integrated cloud solutions.”

Dominik Asam, CFO

麻豆原创 Contacts:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

“Under Anthony鈥檚 leadership, 麻豆原创 Investor Relations has strengthened its role as a reliable partner to the financial community. He further enhanced the trusted relationships with our investors that his successor will be able to build on,鈥� said Dominik Asam, member of the Executive Board and CFO of 麻豆原创 SE. 鈥淲e are grateful for Anthony鈥檚 contributions and wish him well for his next steps.鈥�

Coletta joined 麻豆原创 in 2006. Prior to taking over the role as chief investor relations officer, he served as CFO of 麻豆原创 North America, chief controlling officer of Global Sales in the Global Customer Operations team and in several other leading roles in the Americas region. Before joining 麻豆原创, Coletta held various leadership positions in finance and strategy, including at Siemens and ThyssenKrupp. Coletta holds master’s degrees in economics and applied foreign languages from Sorbonne University in Paris and has extensive international professional experience, including in Europe, Latin America and the United States.

Visit the . Follow 麻豆原创 at .

Media Contacts:
Joellen Perry, +1 (626) 265-0370, joellen.perry@sap.com, PT
Daniel Reinhardt, 麻豆原创, +49 6227-7-40201, daniel.reinhardt@sap.com, CET
; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2023 Annual Report on Form 20-F.
漏 2024 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

You can access PDF versions of the 麻豆原创 Integrated Report 2023 and the 麻豆原创 Annual Report 2023 on Form 20-F at our Investor Relations website . A hard copy of the audited consolidated financial statements can also be requested free of charge by sending an email to investor@sap.com or via phone +49 6227 7-67336.听

Visit the 麻豆原创 News Center. Follow 麻豆原创 at .听

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 26 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 .

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.  

For customers interested in learning more about 麻豆原创 products:  
Global Customer Center: +49 180 534-34-24 
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727) 

For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on .听听

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com听

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2023 Annual Report on Form 20-F.
漏 2024 麻豆原创 SE. All rights reserved.听
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 in Germany and other countries. Please see for additional trademark information and notices.

麻豆原创 and Dr. h.c. Punit Renjen have mutually agreed to part ways because of a difference in perspective on the role of 麻豆原创 Supervisory Board chair, which Punit Renjen was designated to assume. Punit Renjen has chosen to resign his mandate on the 麻豆原创 Supervisory Board with effect from the end of 麻豆原创鈥檚 Annual General Meeting on May 15, 2024.

Pekka Ala-Pietil盲 (67) has an illustrious track record in European innovation and technology and is well-positioned to lead 麻豆原创鈥檚 ongoing successful transformation. He was President of Nokia Corporation from 1999鈥�2005 and a member of the 麻豆原创 Supervisory Board from 2002鈥�2021. He was the Chairman of the EU Commission鈥檚 High-Level Expert Group on Artificial Intelligence from 2018-2020 and chair of Finland鈥檚 Artificial Intelligence Programme from 2017-2019. He currently serves on several European corporate boards, including as Chairman of the Supervisory Board of the Dutch multinational location intelligence company HERE Technologies. Mr Ala-Pietil盲 holds honorary Doctorates in Technology from Tampere University of Technology and in Science from the Aalto University School of Business. He lives in Helsinki.

鈥淎fter two decades at the helm of 麻豆原创 SE, the company I鈥檝e nurtured from its inception, ensuring a successful handover of the leadership baton is paramount to me and crucial for 麻豆原创鈥檚 continued success,鈥� said Prof. Dr. Hasso Plattner, who has served as Chairman since 2003. 鈥淚n Pekka Ala-Pietil盲, I recognize a leader who not only possesses a profound understanding of our industry and the intricacies of European SE governance, but also one who has been a steadfast ally through many of 麻豆原创鈥檚 pivotal moments. Before looking ahead, let me also express my deep gratitude to Punit Renjen for his efforts and contributions. His energy level and dedication have been exceptional from the beginning. As we welcome Pekka Ala-Pietil盲, I am filled with confidence that 麻豆原创鈥檚 Supervisory Board is in the most capable hands. His vision and well-measured approach are exactly what 麻豆原创 needs to safeguard its future and ensure its ongoing success.鈥�

Pekka Ala-Pietil盲 said, 鈥淚 am grateful to the Supervisory Board of 麻豆原创 and to Hasso Plattner for the opportunity to rejoin this dynamic European technology leader at such a pivotal time. Thanks to the great people at 麻豆原创, the company has set the global standard for enterprise technology for more than 50 years and is now a trailblazer in developing and deploying relevant, reliable, responsible Business AI that will fundamentally change the way business runs. I look forward to working together with colleagues old and new to build on 麻豆原创鈥檚 track record of delivering revolutionary technology that drives real results.鈥�

Visit the 麻豆原创 News Center. Follow 麻豆原创 at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 26 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 .

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.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, press only:
Monika Schaller, + 49 6227 7-40763, monika.schaller@sap.com, CET
Joellen Perry, +1 (626) 265 0370, joellen.perry@sap.com, PT
麻豆原创 麻豆原创 Room;听press@sap.com

For more information, financial community only:
Anthony Coletta, +49 6227 7-60437, investor@sap.com, CET
James Dymond, +49 6227 7-61823, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2024 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see  for additional trademark information and notices.

• 麻豆原创 exceeds non-IFRS operating profit and cash flow outlook for FY 2023
• Cloud revenue up 20% and up 23% at constant currencies for FY 2023, underpinned by 25% cloud revenue growth at constant currencies in the fourth quarter
• Current cloud backlog of 鈧�13.7 billion, up 25% and up 27% at constant currencies
• IFRS cloud gross profit up 23%, non-IFRS cloud gross profit up 23% and up 27% at constant currencies in FY 2023
• IFRS operating profit down 5%, non-IFRS operating profit up 9% and up 13% at constant currencies in FY 2023
• 2024 outlook anticipates accelerating cloud revenue growth
• Planned transformation program including restructuring in 2024 reflects focus on scalability of operations and Business AI
• 2025 non-IFRS operating profit and free cash flow ambition updated to reflect updated non-IFRS definition as well as approximately half a billion Euro of incremental efficiency gains from the program

“麻豆原创 has delivered: We met or exceeded our outlook for 2023 in all key metrics. Based on a stellar order entry, our current cloud backlog expanded by 27% 鈥� an all-time high. We are confident about the company鈥檚 prospects in 2024. From this position of strength, 麻豆原创 is opening the next chapter: with the planned transformation program, we are intensifying the shift of investments to strategic growth areas, above all Business AI. Going forward, this will empower us to keep leading with innovation while increasing the scalability of the operating model.”

Christian Klein, CEO

听

“2023 was a year of inflection. We kept our promise and achieved double-digit non-IFRS operating profit growth despite an adverse macro environment. In 2024, we will focus on putting the right gradient of earnings growth in place to deliver on our raised ambition for 2025 and sustain growth and financial performance beyond.”

Dominik Asam, CFO

麻豆原创 Contacts:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

The updates mainly include:

• The inclusion of share-based compensation (SBC) expenses in non-IFRS results,
• The exclusion of gains/losses from equity investments, mainly driven by 麻豆原创PHIRE Ventures, from non-IFRS results,
• The general shift of gains/losses even on smaller divestitures to non-operating income/expense,
• The discontinuation of the company鈥檚 receivables financing program (鈥溌槎乖� triggered financing鈥�).

The updates will be reflected for the first time in 麻豆原创鈥檚 Q1 2024 results, which will be reported on April 22, 2024. While the updates will not impact Q4/FY 2023 results, which will be reported January 24, they will be reflected in 麻豆原创鈥檚 outlook for 2024 as well as potential updates to its Financial Ambition 2025.

鈥淏y implementing these updates, we hope to further increase the transparency of our operating results, while at the same time reducing short-term noise and volatility,鈥� said Dominik Asam, CFO and member of the Executive Board of 麻豆原创. 鈥淚ncluding share-based compensation in our adjusted earnings may be interpreted as a disadvantage in comparison with some of our peers. But we believe recognizing share-based compensation as a genuine expense of running a business is long overdue. We are also convinced that appropriately reflecting it in steering and the incentivization of management will ultimately add economic value.鈥�

Reflecting the company鈥檚 increasing focus on cross- and upselling its broader cloud solution portfolio, 麻豆原创 also announced its intent to replace the current 鈥溌槎乖� S/4HANA Cloud鈥� revenue and current cloud backlog disclosure with a more broadly defined 鈥淐loud ERP Suite鈥� revenue disclosure in 2024.

Additional background on the announced updates, including a replay of an analyst and investor call hosted by Dominik Asam on Monday, December 18, can be found at 麻豆原创鈥檚 investor relations website at .

Visit the听. Follow 麻豆原创 at听.

Media Contact:
Joellen Perry, 麻豆原创, +1-626-265-0370, joellen.perry@sap.com, PT
Daniel Reinhardt, 麻豆原创, +49-6227-7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room;听press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see听听for additional trademark information and notices.

• Cloud revenue up 16% and up 23% at constant currencies
• Current cloud backlog of 鈧�12.3 billion up 19% and up 25% at constant currencies
• IFRS cloud gross profit up 21%, non-IFRS cloud gross profit up 21% and up 28% at constant currencies, supported by the expansion of cloud gross margin
• IFRS operating profit up 11%, non-IFRS operating profit up 10% and up 16% at constant currencies
• 麻豆原创 reaffirms 2023 outlook

“Our Q3 results are yet another proof point that we have entered the next phase of our transformation. We accelerated cloud growth across our portfolio and significantly expanded our cloud gross margins. Our strong focus on innovation, including our latest 麻豆原创 Business AI capabilities, ensure 麻豆原创鈥檚 continued resiliency in the face of tough macroeconomic conditions and increasing geopolitical tensions.”

Christian Klein, CEO

 

“Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds. Also, we carefully balance growth and profitability at all times. In combination, this allows us to boost our bottom-line with the aim to achieve double-digit operating profit growth this year.”

Dominik Asam, CFO

Q3 2023

Earnings release: October 18, 2023, 10:05 PM CEST / 9:05 PM BST / 4:05 PM EDT
Financial analyst call: October 18, 2023, 11:00 PM CEST / 10:00 PM BST / 5:00 PM EDT

Q4 2023

Earnings release: January 24, 2024, 6:00 AM CET / 5:00 AM GMT / 12:00 AM EST
Financial analyst call: January 24, 2024, 7:00 AM CET / 6:00 AM GMT / 1:00 AM EST

Note that the third quarter release takes place during Daylight Saving Time/Summer Time and the fourth quarter release during Standard Time.

Visit the 麻豆原创 News Center. Follow 麻豆原创 at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, financial community only:
Anthony Coletta +49 (6227) 7-60437 investor@sap.com, CET

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see  for additional trademark information and notices.

• Cloud revenue up 19% and up 22% at constant currencies. 麻豆原创 S/4HANA cloud revenue up 74% and accelerates to 79% at constant currencies
• Current cloud backlog up 21% and up 25% constant currencies
• IFRS cloud gross profit up 20%, non-IFRS cloud gross profit up 20% and up 24% at constant currencies, supported by completion of 麻豆原创’s next-generation cloud delivery program
• IFRS operating profit up 28%, non-IFRS operating profit up 23% and up 28% at constant currencies
• 麻豆原创 updates its 2023 revenue and operating profit outlook
• Expands market opportunity through new 麻豆原创 Business AI and premium AI offerings

“This has been another strong quarter. We see significant opportunities ahead, in particular through the transformative power of AI. We are focused on delivering 麻豆原创 Business AI that’s relevant, reliable, and responsible and we see significant possibilities for market expansion through these technologies and new premium offerings.”

Christian Klein, CEO

“We are very pleased with our first half results. The revenue growth and increased profitability, combined with sustained growth of our cloud backlog, demonstrate the strength of our business model. Q2 performance puts us on the right trajectory and allows us to raise our cloud and software revenue, as well as the operating profit outlook for the year.”

Dominik Asam, CFO

鈥淚鈥檓 very happy about the S&P upgrade,鈥� said Dominik Asam, CFO and member of the Executive Board of 麻豆原创 SE. 鈥淲e see this as an expression of the further increasing confidence of key stakeholders in our ability to sustainably strengthen 麻豆原创鈥檚 financial profile by virtue of our transition.鈥�

Visit the .

Media Contacts:
Joellen Perry, +1 (626) 265-0370, joellen.perry@sap.com, PST
Daniel Reinhardt, +49 151-16810157, daniel.reinhardt@sap.com, CEST
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see听听for additional trademark information and notices.

Visit the 麻豆原创 News Center.

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

Visit the 麻豆原创 News Center.

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, financial community only:
Anthony Coletta +49 (6227) 7-60437 investor@sap.com, CET

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

Ambition 2025 Update

麻豆原创鈥檚 Ambition 2025 update demonstrates 麻豆原创鈥檚 strong cloud momentum, with a cloud revenue ambition of more than 鈧�21.5 billion excluding Qualtrics. The updated ambition reflects the expected divestiture of Qualtrics (NASDAQ: XM) as well as an update on the expected 2025 performance of 麻豆原创鈥檚 continuing operations. This update on 麻豆原创鈥檚 continuing operations is mainly driven by the anticipation of continued rapid cloud revenue growth, a great degree of resilience from the increasing share of recurring revenues, the value of the support and services business, as well as a more favorable currency environment as compared to the original ambition, published in October 2020.

For 2025, the company now expects:

• Cloud revenue of more than 鈧�21.5bn
• Total revenue of more than 鈧�37.5bn
• Non-IFRS cloud gross profit of approximately 鈧�16.3bn
• Non-IFRS operating profit of approximately 鈧�11.5bn
• A share of more predictable revenue of approximately 86%
• Free cash flow of approximately 鈧�7.5bn

Reflecting current exchange rates, the new Ambition 2025 is based on an exchange rate of 1.10 USD per EUR.

Building Blocks of the Ambition 2025 Update

(1) Absolute cloud gross profit ambition implied by the original Ambition 2025 of at least 鈧�22 billion of cloud revenue and a cloud gross margin of approximately 80%.
(2) Calculated amounts based on lower ends or midpoints of the original and the updated Ambition 2025, as applicable.

鈥淭oday鈥檚 Ambition 2025 update demonstrates 麻豆原创鈥檚 momentum in this new phase of our transformation. Our strong, resilient cloud growth drives accelerating total revenue and operating profit growth. We are increasing our total revenue ambition for continuing operations by close to 鈧�4 billion, expect significant further acceleration of revenue growth towards 2025 and beyond,鈥� said Christian Klein, CEO of 麻豆原创 SE.

鈥淪ince the strategy reset in 2020, 麻豆原创 has made tremendous progress in its cloud transformation. Quarter after quarter, the company has delivered strong results amidst a challenging macroeconomic environment. Looking out at the next 2.5 years, we are now well positioned to accelerate our growth. We are confidently refreshing our mid-term ambition and reiterating our goal of double-digit operating profit and free cash flow growth over that period, while at the same time setting ourselves up for sustainable, dynamic growth beyond 2025,鈥� said Dominik Asam, CFO of 麻豆原创 SE.

New Share Repurchase Program

Considering its strong business momentum and the expected Qualtrics divestiture, 麻豆原创 has decided to further step up its capital returns. The new share repurchase program, with a volume of up to 鈧�5 billion, is scheduled to start in the second half of 2023 and expected to be fully executed by the end of 2025. It will be implemented based on the authorization granted by the Annual General Meeting of 麻豆原创 SE on May 11, 2023, and in compliance with the restrictions set forth therein.

The program is conditional on the expected successful closing of the Qualtrics divestiture in the second half of 2023.

鈥淐onsistently returning capital to shareholders is a priority and an expression of our financial discipline. This is reflected in our strong policy of increasing dividends, as well as in regular share repurchases which have protected shareholders from ownership dilution,鈥� Asam said.

The new share repurchase program follows 麻豆原创鈥檚 2020 and 2022 repurchases of around 14 million shares for about 鈧�1.5 billion, and around 16 million shares for about 鈧�1.5 billion, respectively.

Webcast

The company will discuss details at its 麻豆原创 Sapphire financial analyst conference on Tuesday, May 16, at 7:00 p.m. CEST/6:00 p.m. BST/1:00 p.m. Eastern/10:00 a.m. Pacific. The conference will be webcast on the Company鈥檚 website at and will be available for replay.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, financial community only:
Anthony Coletta +49 (6227) 7-60437 investor@sap.com, CET
Follow 麻豆原创 Investor Relations on Twitter at @sapinvestor

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room;听press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

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. 麻豆原创 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

麻豆原创 has successfully closed a new sustainability-linked revolving credit facility with a volume of 鈧�3 billion and a tenor of five years plus two one-year extension options. The facility was syndicated among a group of 20 core relationship banks. A possible future drawdown is not bound to any financial covenants. The new facility replaces the existing 鈧�2.5 billion facility.

In line with 麻豆原创鈥檚 strategic commitment to sustainability, a sustainability component has been embedded in the new credit facility for the first time. The included ESG-component links the margin of the new facility to the company鈥檚 net zero carbon and women in management ambitions.

鈥淥ur new revolving credit facility constitutes a very strong pillar in our overall financial strategy. With the higher volume and the new ESG linkage it further enhances our financial flexibility and additionally underpins 麻豆原创鈥檚 commitment to sustainability,鈥� CFO Luka Mucic said.

Citibank, Commerzbank AG, Landesbank Hessen-Th眉ringen Girozentrale and ING Bank were mandated as coordinators, bookrunners and lead arrangers in the transaction.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

For more information, press only:
Joellen Perry, +1 (626) 265-0370, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 151-16810157, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

麻豆原创 also announced that the 麻豆原创 Integrated Report 2022 is now available and accessible online at . The 麻豆原创 Integrated Report 2022, which discusses the company鈥檚 social, environmental, and financial performance, is the 11th integrated report the company has issued.

You can access PDF versions of the 麻豆原创 Integrated Report 2022 and the 麻豆原创 Annual Report 2022 on Form 20-F at our . A hard copy of the audited consolidated financial statements can also be requested free of charge by sending an email to investor@sap.com or via phone +49 6227 7-67336.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on Twitter at .

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

WALLDORF 鈥� The Supervisory Board and Executive Board of (NYSE: 麻豆原创) have decided to recommend that shareholders approve a dividend of 鈧�2.05 per share for fiscal year 2022. This is an increase of 鈧�0.10, or 5% compared to the regular dividend paid for fiscal year 2021.

The dividend for 2021 consisted of a regular dividend of 鈧�1.95 and a special dividend of 鈧�0.50 in celebration of 麻豆原创 SE鈥檚 50th anniversary for a total dividend of 鈧�2.45. If approved by shareholders and assuming the same level of treasury shares, the total amount distributed in dividends would be approximately 鈧�2.4 billion (2021: 鈧�2.865 billion including the special dividend), representing a pay-out ratio of 140% (2021: 53% total dividend, 43% excluding the special dividend).

麻豆原创 believes that its shareholders should benefit appropriately from the profit the Company made in 2022. The Company鈥檚 dividend policy is to pay a dividend totaling 40% or more of profit after tax.

2023 Annual General Meeting to be Held as Physical Event

The Executive Board, with the approval of the Supervisory Board, has decided to hold the 2023 Annual General Meeting of Shareholders as a physical event in the 麻豆原创 Arena in Mannheim, Germany on May 11, 2023. The whole event will be webcast on the Company鈥檚 website and online voting options will be available. Further details will be published at in late March.

麻豆原创 Supervisory Board Proposes Changes to the Executive Compensation System

The 麻豆原创 Supervisory Board has proposed changes to the executive compensation system, addressing investor feedback. Points addressed in the proposal include: increased alignment of pay for performance, expanded non-financial indicators in both the short-term incentive and long-term incentive, lowered caps, and increased share ownership guidelines. Shareholders鈥� approval will be sought for the new system at the Annual General Meeting of Shareholders. Further details will be published at in late March.

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 16, 2023. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on Twitter at

For more information, press only:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1麻豆原创 (1-800-872-1727)

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

WALLDORF 鈥� The Supervisory Board of (NYSE: 麻豆原创) has nominated Mr. Punit Renjen to stand for election as a new member of the Supervisory Board and proposes Mr. Renjen as the designated successor to Chairman, Prof. Dr. Hasso Plattner.

With this decision, Prof. Dr. Plattner and the Supervisory Board initiate the succession process. The next step is Mr. Renjen鈥檚 candidacy for the Supervisory Board, which the shareholders will decide upon at the Annual General Meeting on May 11, 2023. Upon election to the 麻豆原创 Supervisory Board, the handover process by Prof. Dr. Hasso Plattner to Punit Renjen would begin. Prof. Dr. Plattner鈥檚 term expires in May 2024.

With an impeccable track record, Punit Renjen is highly qualified to join the Supervisory Board and would be an excellent candidate to eventually take the chair at a time when 麻豆原创 is undergoing the most fundamental strategic transformation in its 50-year history. Mr. Renjen brings valuable strategic insights and knowledge of what businesses need in today鈥檚 fast-changing environment. He has an intimate understanding of global customer requirements and 麻豆原创鈥檚 ability to help them sustainably transform and grow.

Prof. Dr. Hasso Plattner (79), who co-founded 麻豆原创 in 1972 鈥� together with Dietmar Hopp, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector 鈥� and has served as Chairman since 2003, said:

“We are excited to propose Punit Renjen as a new member of the 麻豆原创 Supervisory Board for a four-year term at the AGM in May 2023. This initiates a structured transition at the helm of the Supervisory Board, ensuring the continuity necessary for our company’s ongoing growth. With extensive experience as a highly successful CEO of one of the world’s largest consulting firms, Punit brings valuable insights and expertise to the board. His deep understanding of our customers’ needs, and the broader industry make him an ideal candidate for Chairman of the Supervisory Board from 2024 onwards. While we are now the number one Enterprise Application company globally, I will continue to chair 麻豆原创 with passion and commitment until the baton is passed to the new leader who will take the company to new heights. As an investor with an unchanged stake, I will remain committed to 麻豆原创 and its mission to help the world run better and improve people’s lives. We are also pleased to put forward Jennifer Li and Qi Lu for re-election as Supervisory Board members. Their diverse backgrounds and expertise will continue to be invaluable, as we work alongside the Executive Board to navigate the opportunities and challenges ahead and drive our growth and innovation agenda.鈥�

Punit Renjen (61) served as Deloitte Global CEO from 2015 until his retirement on December 31, 2022. As Global CEO, Mr. Renjen developed and executed a strategy that resulted in Deloitte revenues growing from $35 billion to more than $59 billion in just seven years. Today, Deloitte is the leading professional services organization in the world and one of the world鈥檚 best places to work. Deloitte employs 415,000 people in 150 countries. Deloitte also has a thriving partner ecosystem, of which 麻豆原创 has been part of for over 30 years.

鈥淚 am very pleased to be considered for a role at 麻豆原创 鈥� an iconic company with a key role in the global economy. At a time when the company is successfully transforming into an enterprise application leader in the cloud and delivering on Hasso Plattner鈥檚 original vision of helping the world run better and improving people鈥檚 lives, I could not be more excited at the opportunity to help shape the future of a company that has unmatched relevance for global business. I am looking forward to working with talented colleagues around the world to ensure the company continues to help its customers solve their most pressing problems,鈥� said Punit Renjen.

Mr. Renjen is a member of the Leadership Council of the World Economic Forum (WEF), and the International Business Council. In 2022, he was recognized by the Economic Times as the 鈥淕lobal Indian of the Year鈥� and by the Carnegie Corporation of America as a 鈥淕reat Immigrant. Great American鈥�. In 2021, he was awarded the Oregon History Medal. Previously, he served as Chairman of the United Way Worldwide. Born and raised in India, Mr. Renjen moved to the United States on a Rotary Foundation Scholarship to attend Willamette University and graduated with a master鈥檚 degree in management with honors. In 2019, Willamette awarded him an honorary doctorate. After his retirement from Deloitte, he received the honorary title of Deloitte Global CEO Emeritus. He and his family live in Oregon, USA.

Candidates for Shareholder Representative Re-Elections

The 麻豆原创 Supervisory Board also announces that two candidates will stand for re-election at the Annual General Meeting of shareholders (AGM) in May 2023. The candidates are:

• Jennifer Li (55), Founder and General Partner of Changcheng Investment Partners, Beijing China. If re-elected, her term would expire in 2027.
• Dr. Qi Lu (61), Founder and Chief Executive Officer of MiraclePlus Ltd., Beijing, China. If re-elected, his term would expire in 2027.

The term of Prof. Dr. Gesche Joost, a member of the SVB since 2015, will end with this year鈥檚 AGM. 鈥淟et me take this opportunity to extend a personal note of thanks to Dr. Joost for her great contributions to 麻豆原创鈥檚 ongoing success,” said Chairman Hasso Plattner.

Visit the 麻豆原创 News Center.Follow 麻豆原创 on Twitter at

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
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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 麻豆原创 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

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

It will be implemented based on the authorization granted by the Annual General Meeting of 麻豆原创 SE on May 17, 2018, and in compliance with the restrictions set forth therein. Repurchased shares will primarily be used to service awards granted under share-based compensation plans for employees.

The new share repurchase program follows 麻豆原创鈥檚 2020 repurchase of around 14 million shares for about 鈧�1.5 billion and the repurchase of around 10 million shares for about 鈧�1 billion in the first half of 2022.

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: 麻豆原创 customers generate 87% of total global commerce. 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 .

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This document contains forward-looking statements], which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.鈥�
漏 2022 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.
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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

麻豆原创 Announces Q1 2022 Results With Continued Cloud Momentum

• Cloud revenue growth further accelerates, up 31% and up 25% at constant currencies
• Current cloud backlog approaches 鈧�10bn, up 28% and up 23% at constant currencies
• 麻豆原创 S/4HANA cloud revenue significantly increases, up 78% and up 71% at constant currencies. 麻豆原创 S/4HANA current cloud backlog expands even faster, up 86% and up 79% at constant currencies
• 麻豆原创 reaffirms 2022 outlook for revenue, non-IFRS operating profit and free cash flow

“Customers powered another quarter of strong cloud growth as they turned to us for solutions to make their businesses more sustainable, their supply chains more resilient, and their enterprises more future-proof. Our signature ERP offering 麻豆原创 S/4HANA grew at record levels demonstrating the confidence customers place in us to support their business transformations.”
Christian Klein, CEO

“We are off to a solid start to the year and our outlook remains strong. Despite the current macroeconomic environment, cloud revenue growth accelerated further, fueling total revenue growth. Current cloud backlog grew at a healthy rate and continues to support our confidence in our long-term plans and outlook for the year.”
Luka Mucic, CFO

The candidate is Jennifer Xin-Zhe Li (54), Beijing, China, general partner and founding partner, Changcheng Investment Partners, Beijing, China. Ms. Li is a seasoned global executive with a strong background in finance, having held various leadership roles in renowned companies such as Baidu and General Motors. Further she has strong supervisory expertise from former and current mandates in multinational corporations in Europe, China, and the United States.

For a profile of Ms. Li, as well as the other candidates standing for election at the 2022 AGM, see .

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter at .

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For more information, financial community only:
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Follow 麻豆原创 Investor Relations on Twitter at .

For more information, press only:
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For customers interested in learning more about 麻豆原创 products:
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This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ.听 Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2022 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

麻豆原创 also announced that the 麻豆原创 Integrated Report 2021 is now available and accessible online at . The 麻豆原创 Integrated Report 2021, which discusses the company鈥檚 social, environmental and financial performance, is the 10th integrated report the company has issued.

You can access PDF versions of the 麻豆原创 Integrated Report 2021 and the 麻豆原创 Annual Report 2021 on Form 20-F at our Investor Relations website . A hard copy of the audited consolidated financial statements can also be requested free of charge by sending an email to investor@sap.com or via phone +49 6227 7-67336.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter 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: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For more information, financial community only:
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For customers interested in learning more about 麻豆原创 products:
Global Customer Center: +49 180 534-34-24
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This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ.听 Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2022 麻豆原创 SE. All rights reserved.
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 in Germany and other countries. Please see for additional trademark information and notices.

This represents a year-over-year increase of approximately 32%. This payment includes a special dividend of 鈧�0.50 to celebrate 麻豆原创鈥檚 50th anniversary. If the shareholders approve this recommendation, based on the number of treasury shares as of December 31, 2021, the total amount of dividends to be distributed would be approximately 鈧�2.89 billion (2020: 鈧�2.18 billion), representing a pay-out ratio of 54% (2020: 41%). Excluding the special dividend, the ratio would be approximately 43%. The 2021 fiscal year dividend is scheduled to be paid on or after May 23, 2022.

鈥淥ur strategy to accelerate our cloud transformation is working. We delivered an exceptional year of strong results and want our shareholders to participate in this success with an increased dividend. We are also recommending an additional special dividend to celebrate 麻豆原创鈥檚 50th anniversary,鈥� said Luka Mucic, Chief Financial Officer, 麻豆原创 SE.

Supervisory Board Elections

Following the proposal of the Nomination Committee, the Supervisory Board has nominated three candidates to stand for reelection at the 2022 Annual General Meeting of Shareholders (AGM), in alignment with the Profile of Skills and Expertise and the objectives set by the Supervisory Board for its own composition.

The candidates are:

• Hasso Plattner (78), Potsdam, Germany, Chairman of the Supervisory Board of 麻豆原创 SE. In case of re-election, his 2-year term would expire in 2024.
• Gunnar Wiedenfels (44), Greenwich, CT, USA, Chief Financial Officer, Discovery, Inc., New York City, New York, USA. In case of re-election, his term would expire in 2026.
• Rouven Westphal (49), 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. In case of re-election, his term would expire in 2026.

For candidate profiles, see the .

A fourth seat will become available after the 2022 AGM, as Bernard Liautaud has decided to step down from his role. The candidate for this seat will be announced in the coming weeks.

Naming of Lead Independent Director

The 麻豆原创 Supervisory Board is introducing the role of Lead Independent Director. With this newly created role, the Supervisory Board strengthens its alignment with international corporate governance best practice, focusing on the importance of Supervisory Board independence. Dr. Friederike Rotsch, member of the Supervisory Board since 2018, will assume this role after the Annual General Meeting of Shareholders in May 2022. For more information about the Lead Independent Director role, see the section of the 麻豆原创 Web site.

2022 Annual General Meeting to be Held as Virtual Event

The Executive Board, with the approval of the Supervisory Board, has decided to hold the 2022 Annual General Meeting of Shareholders as a virtual event. This is due to the unforeseeable further development of the pandemic situation in Germany during the next months, the substantial risk of pandemic-related restrictions for large events, as well as to ensure the safety of all participants. Further details will be posted to in early April.

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 23, 2022. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

Visit the 麻豆原创 News Center. Follow 麻豆原创 on Twitter 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: 麻豆原创 customers generate 87% of total global commerce. 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 .

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 email links, and subscribe to RSS feeds from 麻豆原创 TV.

For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on Twitter at .

For more information, press only:
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Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

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