WALLDORF 鈥斅�, rated A1 (stable) by Moody鈥檚 and A+ (stable) by S&P Global, successfully completed a Eurobond transaction with a total volume of 鈧�3.5 billion across four tranches with tenors of two, three, five and seven years. The net proceeds from this transaction are used for general corporate purposes, including (re)financing of recently announced acquisitions.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, Singapore or the United States of America (the 鈥淯nited States鈥�) or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration under the U.S. Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan or Singapore or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or Singapore. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or Singapore. There will be no public offer of the securities in the United States.

This announcement is a general information and not a prospectus for the purposes of Regulation (EU) 2017/1129. Investors should not purchase or subscribe for any securities referred to in this announcement except on the basis of information in the prospectus relating to such securities, which, when published, will be available on the website of the Luxembourg Stock Exchange ().

This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 鈥淥rder鈥�) or (ii) high net worth entities falling within article 49(2) of the Order or (iii) persons to whom it would otherwise be lawful to distribute it (all such persons are referred to herein as 鈥渞elevant persons鈥�). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

Visit the . Get 麻豆原创 news via  and .

Media Contacts:
Aim茅e Leabon, +1 (646) 799-3277, aimee.leabon@sap.com, EST 
Daniel Reinhardt, +49 151 168 10 157,鈥�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.鈥� 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.  

The acquisition helps customers make their 麻豆原创 and non-麻豆原创 enterprise data AI-ready and will provide customers with the tools they need to unify, cleanse and harmonize data across sources for superior enterprise-wide agentic AI.

Visit the . Get 麻豆原创 news via  and .

Media Contacts:
Aim茅e Leabon, +1 (646) 799-3277, aimee.leabon@sap.com, EST 
Daniel Reinhardt, +49 151 168 10 157,鈥�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.鈥� 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.  

Acquisition doubles down on 麻豆原创鈥檚 early mover advantage in tabular foundation models

WALLDORF and FREIBURG听鈥斅犅�(NYSE: 麻豆原创) and Prior Labs, the pioneer of Tabular Foundation Models (TFMs), announced that they have entered into a definitive agreement for 麻豆原创 to purchase Prior Labs, accelerating 麻豆原创鈥檚 success in TFMs that started with 麻豆原创-RPT-1, and bringing one of the world鈥檚 leading TFM research teams into the 麻豆原创 family.

Prior Labs will continue to operate as an independent entity, with 麻豆原创 committing to invest more than 鈧�1 billion over the next four years to scale it into a globally leading frontier AI lab for the structured data that runs the world鈥檚 businesses. Terms of the deal were not disclosed. The transaction is still pending regulatory approval.

Large language models (LLMs) struggle to make accurate predictions on structured business data because they have only a rudimentary understanding of tables, numbers and statistics. Unlike LLMs, TFMs are purpose-built for this type of data and can accurately predict business outcomes based on tabular data such as payment delays, supplier risks, upsell opportunities, customer churn risk and more.

鈥淓arly on, 麻豆原创 recognized that the greatest untapped opportunity in enterprise AI wasn鈥檛 large language models; it was AI built for the structured data that runs the world鈥檚 businesses,鈥� 麻豆原创 CTO Philipp Herzig said. 鈥淲e built 麻豆原创-RPT-1 to prove that conviction for enterprise data. Prior Labs has built a leading TFM on public benchmarks and built one of the leading research teams in this category. Combining their frontier model work with enterprise data and customer reach is how we intend to lead this category globally.”

“Over the last 18 months, Prior Labs has built an incredible team, increasing the velocity in tabular foundation models,” Prior Labs CEO Frank Hutter said. “Joining the 麻豆原创 family gives us the resources, data environment and customer reach to take this category to its full potential.”

Once the transaction is closed, with Prior Labs, 麻豆原创 will have the special opportunity to establish an industry-leading AI research lab and shape a new category in TFMs. The lab will operate as an independent unit to ensure research velocity, while 麻豆原创 provides long-term investment and a direct path to productization across the 麻豆原创 portfolio with 麻豆原创 AI Core and 麻豆原创 Business Data Cloud as well as the agentic layer with Joule.

With over 3 million downloads, Prior Labs鈥� TabPFN is a widely adopted open-source tool for tabular AI, supporting a dynamic developer ecosystem. 麻豆原创 is fully committed to further support this open-source strategy. The Prior Labs cofounders Frank Hutter, Noah Hollmann and Sauraj Gambhir lead a team of world-class AI researchers and practitioners. The company works with leading scientists in the field, including聽Yann聽LeCun,聽ACM A.M. Turing Award winner and executive chairman at Advanced Machine Intelligence,听补苍诲听Bernhard Schoelkopf, director of Max Planck Institute for Intelligent Systems and ELLIS president, both of whom will serve on Prior Labs鈥� scientific advisory board as it scales to a globally leading frontier AI lab.

Accelerating Innovation

Prior Labs鈥� TabPFN-2.6 is the top-performing model on TabArena, the top benchmark for TFMs. TabPFN-2.6 matches the accuracy of a four-hour automated machine learning pipeline 鈥� instantly, in a single model, at a fraction of the complexity.

With a conversational interface layered on top, business users can ask questions in natural language, generate or select datasets and run 鈥渨hat-if鈥� scenarios without needing to be data science and machine learning experts. With Prior Labs鈥� models, 麻豆原创 will provide in-context learning, allowing users to provide data records to receive instant, reliable predictions without any model training. A single TFM can adapt to any business use case on the fly, resulting in faster time to value with GDPR compliance.

With Prior Labs, 麻豆原创 will deliver TFMs with superior predictive capability that understand tables natively, learning statistical reasoning directly from data and will power agentic AI systems capable of understanding high-level goals, combining tables, language and images to reason, integrate domain knowledge, infer causality and adapt dynamically.

After the close, 麻豆原创 and Prior Labs plan to turn top AI research into enterprise-ready innovation, allowing customers to get even more value out of their tabular business data.聽True intelligence requires moving beyond correlation to understand聽causation. Answering “What will happen?” is聽useful, but聽answering why聽it聽will happen is transformative.

The transaction is expected to close in Q2 or Q3 of 2026, subject to customary closing conditions, including regulatory approvals.

Visit the . Get 麻豆原创 news via  and .

About Prior Labs

Prior Labs is the pioneer of Tabular Foundation Models, a new category of AI purpose-built for structured data. Founded by Frank Hutter, Noah Hollmann & Sauraj Gambhir, Prior Labs鈥� TabPFN model series, published in Nature, set the state-of-the-art on tabular benchmarks across hundreds of independent academic studies. Prior Labs is scaling tabular foundation models to handle millions of rows, real-time inference, and entirely new data modalities, while building the infrastructure to deploy them in production across some of the most demanding industries on earth.

Headquartered in Freiburg, Germany, and offices in Berlin and New York City, Prior Labs has built one of the leading AI research teams globally, with researchers recruited from Google, Apple, Amazon, Microsoft, G-Research, Jane Street, Goldman Sachs, and CERN.

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, press only:
Daniel Reinhardt, 麻豆原创, +49 151 168 10157, 聽daniel.reinhardt@sap.com, CET
Alex Vaught, 麻豆原创, +1 (206) 678-5712, 聽alex.vaught@sap.com, PST
Ilaina Jonas, 麻豆原创, +1 (646) 923-2834, 聽ilaina.jonas@sap.com, EST
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 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.
Please consider our . If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

Terms of the deal were not disclosed. The transaction is still pending regulatory approval.

Most enterprise AI projects fail to deliver value not because of the AI itself, but because the underlying data is fragmented, locked in proprietary formats and stripped of the business context that makes it meaningful. The result is a familiar and costly pattern: pilots that cannot scale, slow integration of new data sources, duplicated engineering work and compliance risk when organizations cannot explain how an AI-driven decision was reached. Dremio helps eliminate that data fragmentation and integration friction. The acquisition will complement the 麻豆原创 Business Data Cloud and 麻豆原创 HANA Cloud offerings to ensure seamless data integration across 麻豆原创 and non-麻豆原创 data with high performance and low cost to accelerate AI-ready context and time-to-value for AI.

“Enterprise AI doesn鈥檛 stall because the models aren鈥檛 good enough; it stalls because the data isn鈥檛 ready for AI agents,” said Philipp Herzig, CTO, 麻豆原创 SE. ” Dremio eliminates that bottleneck. Combined with 麻豆原创 Business Data Cloud, we can now take customers from raw, fragmented data to governed, AI-ready intelligence on a single open platform.”

With Dremio, 麻豆原创 Business Data Cloud will become an Apache Iceberg-native enterprise lakehouse that unifies 麻豆原创 and non-麻豆原创 data to power agentic AI at enterprise scale. Apache Iceberg is the industry-standard open table format, and 麻豆原创 Business Data Cloud will natively support it as its foundation. This means no data movement or format conversion will be necessary. 麻豆原创 and non-麻豆原创 data can coexist on the same open foundation, with federated analytical reach across every enterprise data source, combined with 麻豆原创 HANA Cloud鈥檚 in-memory engine for real-time transactions and operational performance.

The Dremio lakehouse platform is set to vastly improve the economics of enterprise analytics. It is serverless and elastic, scaling up automatically when demand spikes and scaling back down when it subsides, meaning no fixed capacity to provision and no performance ceiling when it matters most.

With Dremio, 麻豆原创 will deliver a universal, open catalog built on Apache Polaris and the open Apache Iceberg REST Catalog API. It serves as both the discovery and semantic layer of 麻豆原创 Business Data Cloud, giving every connected engine 鈥� 麻豆原创 or non-麻豆原创 鈥� a single point of access to unified business context: meaning, relationships, access rights and data lineage. This catalog will form the foundation of the 麻豆原创 Knowledge Graph, embedding business relationships, organizational hierarchies, regulatory classifications and cross-system lineage as native properties.

Dremio has been a leading steward of open-source projects at the heart of its platform: Apache Iceberg, Apache Polaris and Apache Arrow, and 麻豆原创 is fully committed to continuing to invest in and prioritize these contributions.

The transaction is expected to close in Q3 of 2026, subject to customary closing conditions, including regulatory approvals.

Visit the . Get 麻豆原创 news via  and .

About Dremio

Dremio is the Agentic Lakehouse: the only Iceberg-native data platform built for agents and managed by agents. Every knowledge worker and AI agent gets instant, governed access to enterprise data through any LLM or tool of their choice. Federated queries reach any source without ETL pipelines. An AI Semantic layer adds business context so every agent draws from the same source of truth. The lakehouse manages itself, running clustering, optimization, and compaction autonomously. The result: trusted insights that drive better business outcomes, without the infrastructure complexity or overhead. A lead contributor to Apache Iceberg and co-creator of Apache Arrow and Apache Polaris. Trusted by Shell, TD Bank, Michelin, and thousands of organizations worldwide.

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, press only:
Alex Vaught, 麻豆原创, +1 (206) 678-5712, alex.vaught@sap.com, PST
Ilaina Jonas, 麻豆原创, +1 (646) 923-2834, ilaina.jonas@sap.com, EST
Daniel Reinhardt, 麻豆原创, +49 151 168 10 157, 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 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.
Please consider our . If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

– Notice of upcoming merger –

1. It is intended to merge emarsys interactive services GmbH (Local Court of Charlottenburg, HRB 118447) as the transferring company with 麻豆原创 SE as the acquiring company by way of a simplified intra-group merger. The transfer of the assets of emarsys interactive services GmbH shall take effect internally as of January 1, 2026, at 12:00 a.m. (鈥�Merger Effective Date鈥�). From the Merger Effective Date until the time of the dissolution of emarsys interactive services GmbH pursuant to Sec. 20 para. 1 no. 2 UmwG, all acts and transactions of emarsys interactive services GmbH shall be deemed to have been conducted on behalf of 麻豆原创 SE.

   麻豆原创 SE is the sole shareholder of emarsys interactive services GmbH as of the date relevant for the application of the group exemption provision under Sec. 62 UmwG, namely the filing of the merger with the respective commercial register and the respective date of registration. A merger resolution by the acquiring company 麻豆原创 SE is not required pursuant to Sec. 62 para. 1 sent. 1 UmwG. Consequently, it is also not necessary to convene a general meeting of 麻豆原创 SE to approve the merger. For the same reason, neither a merger report, a merger audit, nor a merger audit report is required, Sec. 8 para. 3 sent. 3 no. 1 lit. a), Sec. 9 para. 2, Sec. 12 para. 3, Sec. 60 UmwG.

2. The shareholders of 麻豆原创 SE are hereby notified of their right to demand the convening of a general meeting to vote on approval of the merger if the shares held by the shareholders making such a demand together amount to one-twentieth of the share capital of 麻豆原创 SE (Sec. 62 para. 2 sent. 1, and para. 3 sent. 3 UmwG).
3. A resolution by the shareholders鈥� meeting of emarsys interactive services GmbH approving the merger agreement with 麻豆原创 SE is not required, since, as of the date relevant for the application of the intra-group exemption provision of Sec. 62 UmwG 鈥� namely, the filing of the merger with the respective commercial register and the respective date of registration 鈥� the entire share capital of emarsys interactive services GmbH is held by 麻豆原创 SE, Sec. 62 para. 4 sent. 1 UmwG.
4. The following documents are available as of the date of this announcement:
   1. The between 麻豆原创 SE and emarsys interactive services GmbH.
   2. The annual financial statements and, where required, the annual reports of the companies who are parties to the merger for last three fiscal years:
      

      
      
      
      
      
      

麻豆原创 SE, April 24, 2026

The Executive Board

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 CEO Christian Klein and CFO Dominik Asam will host a financial analyst call to review first quarter results.

Media representatives may may listen in on the virtual analyst via on April 23, 2026, at 11:00 p.m. CEST/5:00 p.m. ET.

Once closed, the acquisition will strengthen 麻豆原创 Business Data Cloud (麻豆原创 BDC)鈥攊ntegral for 麻豆原创’s AI-First and Suite-First strategy鈥攁nd accelerate the evolution of 麻豆原创 BDC to a fully interoperable enterprise data platform for enterprise-wide agentic AI. It will provide customers with the tools they need to unify, cleanse and harmonize data across sources for superior enterprise-wide agentic AI.

“Reltio is a natural fit with 麻豆原创,鈥� said Muhammad Alam, member of the Executive Board of 麻豆原创 SE, 麻豆原创 Product & Engineering. 鈥淎cquiring them will further improve our position as a leading business AI provider, combining 麻豆原创 and non-麻豆原创 data to deliver data context that business AI requires. AI cannot reach its full potential when data is fragmented across business units, platforms and domains without connection or context.鈥�

By integrating Reltio after closing the acquisition, 麻豆原创 will make customers’ enterprise data fully AI-ready. Customers will be able to rely on trusted, high-quality data across 麻豆原创 and non-麻豆原创 sources that Joule and Joule Agents use to deliver faster time-to-value for business AI.

Reltio鈥檚 platform helps organizations manage and govern structured and unstructured enterprise data from start to finish. Its AI-based entity resolution identifies and merges related records from different formats and applications into one reliable 鈥済olden record鈥� system of context. Its cloud-native, AI-first design supports a single, consistent view of customers, products, suppliers, locations and employees across both 麻豆原创 and non-麻豆原创 applications. Customers running AI tasks will benefit from increased reliability and consistency of data, bundled in a single source of truth, improving business AI. With that, customers can trust that AI results are correct, and AI-interactions are resolved fast.

鈥淛oining forces with 麻豆原创 presents a tremendous opportunity for us to accelerate our mission,鈥� Reltio Founder and CEO Manish Sood said. 鈥淓nterprise AI needs trusted context that is open and interoperable across the heterogeneous IT landscapes our customers run. This combination accelerates our ability to deliver Reltio as the system of context across 麻豆原创 and non-麻豆原创 environments, while maintaining continuity for our customers and our partner ecosystem.鈥�

Reltio’s data cleansing, unification capabilities and agent-driven workflows will work alongside 麻豆原创 Business Suite applications to improve decisions, reduce integration complexity and deliver trusted, consistent data critical for successful business processes and AI use cases. Low latency delivery and support for the Model Context Protocol (MCP) enable real-time, multiagent workflows across 麻豆原创 and non-麻豆原创 environments, allowing AI agents, such as a procurement agent, to assess supplier risk and trigger actions almost instantly using trusted, real-time data. Reltio offers prebuilt, industry-specific 鈥渧elocity packs鈥� that include data models, rules, matching logic and integrations, and solutions tailored to sectors like life sciences, healthcare and financial services.

By integrating Reltio after closing the acquisition, 麻豆原创 intends to accelerate its customers’ ability to govern and expose master data as trusted and context-rich data products across multiple sources that serve both traditional analytics workloads and AI agents. Reltio will become a core capability within 麻豆原创 BDC, with a flexible commercial model where customers can purchase Reltio as a separate solution or with other 麻豆原创 products. The Reltio portfolio will also remain available as a standalone offering for the foreseeable future.

The transaction is expected to close in Q2 or Q3 of 2026, subject to customary closing conditions, including regulatory approvals.

Visit the . Get 麻豆原创 news via  and .

About Reltio

Reltio is a leader in data unification and management, delivering cloud-native, AI-native master data management (MDM) to help enterprises create trusted data and unlock context intelligence for analytics, automation, and agentic AI. Designed for complex, multi-vendor environments, Reltio helps organizations unify, cleanse, harmonize, govern, and activate core data from multiple sources in real time鈥攁cross 麻豆原创 and non-麻豆原创 systems. The Reltio Data Cloud uses advanced entity resolution, continuous data quality, and relationship intelligence within an intelligent data graph to connect data across systems and reveal the full context behind customers, products, suppliers, and other key business entities. This enables organizations to reduce data friction, improve operational execution, and accelerate time to trusted decisions. For more information, visit .

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, press only:
Marcus Winkler, 麻豆原创, +49 151 571 18 691, marcus.winkler@sap.com, CET
Aim茅e Leabon, 麻豆原创, +1 (212) 653-9600, aimee.leabon@sap.com, EST
Daniel Reinhardt, 麻豆原创, +49 151 168 10 157, daniel.reinhardt@sap.com, CET
Ilaina Jonas, 麻豆原创, +1 (646) 923-2834, ilaina.jonas@sap.com, EST
麻豆原创 麻豆原创 Room;听press@sap.com
Kevin Keenan, Reltio, +1 (987) 844-6203, kevin.keenan@reltio.com, PST

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.
Please consider our . If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

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聽. Get 麻豆原创 news via聽听补苍诲听.

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.}

If approved by shareholders and assuming the same level of treasury shares as of December 31, 2025, the total amount distributed in dividends would be approximately 鈧�2.919 billion (2024: 鈧�2.743 billion), representing a pay-out ratio of 40.7% (2024: 52.0%).

麻豆原创 believes that its shareholders should benefit appropriately from the profit the Company made in 2025. The Company鈥檚 dividend policy is to pay a dividend totaling 40% or more of Non-IFRS profit after tax.

The following dates are relevant for the dividend payment:

• Record date for dividend payment: May 5, 2026
• Ex-dividend date: May 6, 2026
• Payment date: May 8, 2026

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/U.S. 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 U.S. 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 8, 2026 . The depositary bank will then convert the dividend payment from euro into U.S. dollars as promptly as practicable.

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�.

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 2024 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.

At a glance

• 麻豆原创 meets revenue and exceeds non-IFRS operating profit and free cash flow outlook for FY2025
• Total cloud backlog up 22% and up 30% at constant currencies
• Current cloud backlog up 16% and up 25% at constant currencies
• Cloud revenue up 23% and up 26% at constant currencies in FY2025
• Cloud ERP Suite revenue up 28% and up 32% at constant currencies in FY2025
• Total revenue up 8% and up 11% at constant currencies in FY2025
• IFRS operating profit up 111%, non-IFRS operating profit up 28% and up 31% at constant currencies in FY2025
• 麻豆原创 announces a new, two-year share repurchase program with a volume of up to 鈧�10 billion

Christian Klein, CEO:

鈥淨4 was a strong cloud quarter, with bookings resulting in 30% Total Cloud Backlog growth to a record 77 billion Euros. The significant Current Cloud Backlog growth in Q4 has laid a strong foundation for accelerating Total Revenue growth through 2027. 麻豆原创 Business AI has become a main driver for growth as it was included in two thirds of our Q4 cloud order entry, combined with strong AI adoption across the ERP Suite.鈥�

Dominik Asam, CFO:

鈥淲e closed 2025 on a high note, delivering strong operating profit and free cash flow ahead of our expectations. This performance reflects focused execution, financial discipline, and the continued trust our customers place in us as the North Star for their digital transformation. As evidenced by continued strong growth well ahead of the market in SaaS and PaaS, and our ability to bring such growth down to the bottom line and Free Cash Flow, we are confident that our strategy and operational discipline will continue to drive long-term value creation.鈥�

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

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

These longstanding policies reflect standard practice across the enterprise software industry. In our proposed remedies, we are clarifying how they work as part of our broader commitment to transparency and customer choice. The European Commission鈥檚 concerns specific aspects of our on-premise maintenance and support policies; it does not relate to or affect our cloud offerings. 鈥嬄�

We are adhering to the procedure and timeline established by the European Commission, and trust they will bring this proceeding to a quick and fair close.鈥嬄�

We do not anticipate the proceeding will result in material impacts on our financial performance. To maintain the integrity of this process, we will not provide additional comments until a final decision has been made.鈥嬄�

At a glance

• Current cloud backlog of 鈧�18.8 billion, up 23% and up 27% at constant currencies
• Cloud revenue up 22% and up 27% at constant currencies
• Cloud ERP Suite revenue up 26% and up 31% at constant currencies
• Total revenue up 7% and up 11% at constant currencies
• IFRS operating profit up 12%, non-IFRS operating profit up 14% and up 19% at constant currencies
• 麻豆原创 updates its 2025 cloud revenue, operating profit and free cash flow outlook

Christian Klein, CEO:

鈥溌槎乖� delivered a great Q3 with strong cloud revenue growth of 27%. We are gaining market share as our customers are adopting solutions across the entire Business Suite, including Business Data Cloud and AI at accelerated pace. For Q4 we are executing against a strong pipeline – which gives us confidence in our accelerating total revenue growth ambition for 2026.鈥�

Dominik Asam, CFO:

鈥淨3鈥檚 strong performance underscores the strength and agility of our model. Through disciplined execution and a sharp focus on profitability and cash flow, we鈥檝e maintained forward momentum despite an uncertain macroeconomic backdrop. We enter the fourth quarter confident in our ability to deliver on our commitments, as reflected by an improved outlook for operating profit and free cash flow.鈥�

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

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

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

Media representatives may listen in on the at 11:00 p.m. CEST/ 5:00 p.m. ET.

The SmartRecruiters platform, known for its intuitive user experience and seamless workflows, will now be integrated with the 麻豆原创 SuccessFactors Human Capital Management (HCM) suite. This addition to the 麻豆原创 SuccessFactors portfolio will make it easier for enterprises to manage the entire hiring lifecycle, from sourcing to onboarding, with enhanced AI-enabled recruiting capabilities that result in faster time-to-hire, improved candidate experiences and deeper analytics for workforce planning. SmartRecruiters customers will maintain the flexibility to continue using SmartRecruiters solutions with 麻豆原创 or other HCM solutions.

Visit the . Get 麻豆原创 news via  and .

About SmartRecruiters

SmartRecruiters is the Recruiting AI Company that transforms hiring for the world鈥檚 leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 4,000 organizations, including Amazon, Visa, and McDonald鈥檚, rely on SmartRecruiters to build winning teams. For more information, visit聽.

Media contacts:
Joellen Perry, +1 (626) 265-0370,聽joellen.perry@sap.com, PT
Benjamin Nickel, +49 306341070266, benjamin.nickel@sap.com, CEST
Ilaina Jonas, +1 (646) 495-6643,聽ilaina.jonas@sap.com, ET
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 2024 Annual Report on Form 20-F.
漏 2025 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.

SmartRecruiters鈥� deep expertise in high-volume recruiting, recruitment automation and AI-enabled candidate experience and engagement are considered an ideal addition to the 麻豆原创 SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen 麻豆原创鈥檚 all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape.

SmartRecruiters鈥� powerful, user-friendly interfaces and seamless workflows will complement 麻豆原创鈥檚 robust HR tools 鈥� improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning.

鈥淗iring the right people is not just an HR priority 鈥� it鈥檚 a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership,鈥� said Muhammad Alam, member of the Executive Board of 麻豆原创 SE, 麻豆原创 Product & Engineering. 鈥淐ustomers will be able to manage the entire candidate lifecycle 鈥� from sourcing and interviewing to onboarding and beyond 鈥� all in a single system to streamline the experience for recruiters, hiring managers and, in particular, candidates.鈥�

Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into 麻豆原创鈥檚 existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future.

SmartRecruiters鈥� Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates.

SmartRecruiters CEO Rebecca Carr said, 鈥淪martRecruiters鈥� mission has always been to make hiring easy. Joining forces with 麻豆原创 presents a tremendous opportunity for enterprises worldwide to benefit from our industry-leading approach to talent acquisition. I couldn’t be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together.”

The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. J.P. Morgan served as exclusive financial advisor to SmartRecruiters.

Visit the . Get 麻豆原创 news via  and .

About SmartRecruiters

SmartRecruiters is the Recruiting AI Company that transforms hiring for the world鈥檚 leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 4,000 organizations, including Amazon, Visa, and McDonald鈥檚, rely on SmartRecruiters to build winning teams. For more information, visit .

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 .

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:
Joellen Perry, +1 (626) 265-0370, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 151 168 10 157, daniel.reinhardt@sap.com, CEST
Victoria Dixon, +1 (703) 288 6020, victoria.dixon@sap.com, ET
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 2024 Annual Report on Form 20-F.
漏 2025 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.
Please consider our . If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.鈥�

At a glance

• Current cloud backlog of 鈧�18.1 billion, up 22% and up 28% at constant currencies
• Cloud revenue up 24% and up 28% at constant currencies
• Cloud ERP Suite revenue up 30% and up 34% at constant currencies
• Total revenue up 9% and up 12% at constant currencies
• IFRS operating profit of 鈧�2.5 billion; non-IFRS operating profit of 鈧�2.6 billion, up 32% and up 35% at constant currencies
• Outlook 2025 unchanged

Q2 2025 I in 鈧� millions, unless otherwise stated

Christian Klein, CEO:

“We have delivered yet another quarter of outstanding results. AI innovations such as Joule becoming available ‘everywhere and for everything’ and 麻豆原创 Business Data Cloud as a powerful accelerator of AI make our portfolio ever stronger. Enterprise operations are about to enter a new era, and 麻豆原创 is best positioned to benefit from that evolution.”

Dominik Asam, CFO:

“We achieved a very good Q2, with accelerating total revenue growth, strong profitability and free cash flow. Our performance was supported by continued customer demand and disciplined cost control. As we move into the second half, we remain cautiously optimistic, keeping a close eye on geopolitical developments and public sector trends.”

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

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

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

Media representatives may listen in on the virtual analyst conference via at 11:00 p.m. CEST/ 5:00 p.m. ET.

1. It is intended to merge LeanIX GmbH (local court of Bonn, HRB 19137) as transferring company in the course of a simplified group merger into 麻豆原创 SE as acquiring company. Therefore, the assets of LeanIX GmbH in its entirety together with all rights and obligations are transferred to 麻豆原创 SE with effectiveness as of 1 January 2025, 0:00 a.m. (鈥渆ffective merger date鈥�). From the effective merger date to the date of the expiry of LeanIX GmbH pursuant to Sec. 20 para. 1 No.2 UmwG
   all acts and businesses undertaken by LeanIX GmbH 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 LeanIX GmbH. 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 LeanIX GmbH in full. Since 麻豆原创 SE holds all shares in LeanIX GmbH, 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 LeanIX GmbH 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 LeanIX GmbH.
4. As of the date of this announcement, the following documents can be assessed by the links below:
   1. The between 麻豆原创 SE and LeanIX GmbH.
   2. The annual financial statements and, where required, the annual reports of the companies who are parties to the merger for last three fiscal years:

      
      
      
      
      
      

麻豆原创 SE, May 23, 2025

The Board of Directors

• Current cloud backlog of 鈧�18.2 billion, up 28% and up 29% at constant currencies
• Cloud revenue up 27% and up 26% at constant currencies
• Cloud ERP Suite revenue up 34% and up 33% at constant currencies
• Total revenue up 12% and up 11% at constant currencies
• IFRS operating profit of 鈧�2.3 billion; non-IFRS operating profit of 鈧�2.5 billion, up 60% and up 58% at constant currencies

“Q1 once again underlines that our success formula is working. Current cloud backlog expanded 29% at constant currencies and total revenue saw a double-digit increase. With a share of more predictable revenue of 86%, 麻豆原创鈥檚 business model remains resilient in uncertain times. Our AI-powered portfolio enables companies to navigate supply chain disruptions in over 130 countries and to unlock efficiencies with agility and speed.”

Christian Klein, CEO

“Q1 marks a solid start to the year in a highly volatile environment, with strong total revenue growth and outstanding operating profit expansion. These results are a testament to our cost discipline and focused execution. While we鈥檙e encouraged by this momentum, we remain mindful of the broader environment and are approaching the rest of the year with vigilance, continuing to safeguard both profit and cash flow. “

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

麻豆原创 CEO Christian Klein and 麻豆原创 CFO Dominik Asam will host a virtual financial analyst call to review first quarter results.

Media representatives may may listen in on the virtual analyst conference on April 22 at 11:00 p.m. CEST / 5:00 p.m. ET.

This year鈥檚 sustainability information in the report is prepared in line with the requirements of the Corporate Sustainability Reporting Directive (CSRD), further detailed in the in European Sustainability Reporting Standards (ESRS), for the first time.

You can access PDF versions of the 麻豆原创 Integrated Report 2024 and the 麻豆原创 Annual Report 2024 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 at .

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�.

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

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)

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

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 2024 Annual Report on Form 20-F.
漏 2025 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.

If approved by shareholders and assuming the same level of treasury shares at the time of 麻豆原创 SE鈥檚 Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed in dividends would be approximately 鈧�2.741 billion (2023: 鈧�2.565 billion), representing a pay-out ratio of 51.9% (2023: 43.0%).

麻豆原创 believes that its shareholders should benefit appropriately from the profit the Company made in 2024. The Company鈥檚 dividend policy is to pay a dividend totaling at least 40% of non-IFRS profit after tax from continuing operations.

The following dates are relevant for the dividend payment:

     Record date for dividend payment: May 13, 2025
     Ex-dividend date: May 14, 2025
     Payment date: May 16, 2025

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/U.S. 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 U.S. 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, 2025. The depositary bank will then convert the dividend payment from euro into U.S. dollars as promptly as practicable.

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

About 麻豆原创

As a global leader in enterprise applications and business AI, 麻豆原创 (NYSE: 麻豆原创)聽stands at the聽nexus聽of business and technology. For over 50 years, organizations have trusted 麻豆原创聽to bring out their best by uniting business-critical聽operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit聽.

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) 7-67336, investor@sap.com, CET
Follow 麻豆原创 Investor Relations on .

For more information, press only:
Joellen Perry 聽 +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt聽 +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 2023 Annual Report on Form 20-F.
漏 2025 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.

New Extended Board, including Chief Technology Officer (CTO) and Chief Revenue Officers (CROs), will further enhance efficiency and accelerate transformation.

WALLDORF 鈥� (NYSE: 麻豆原创) today announced that Sebastian Steinhaeuser (39) has been appointed to join the 麻豆原创 Executive Board. He will lead a newly formed board area called Strategy & Operations, continuing to support the execution of 麻豆原创鈥檚 strategy and driving simplification in operations. The 麻豆原创 Supervisory Board also extended the contract of Executive Board Member Thomas Saueressig, head of Customer Services & Delivery, for another three years until 2028.

麻豆原创 also announced that it is forming an Extended Board* comprising senior leaders from across the company, including the newly appointed CTO, Co-CROs and Chief Marketing Officer (CMO). The new 麻豆原创 Extended Board will act as a strategic advisory body, driving execution of the company鈥檚 AI-first, Suite-first strategy. It will leverage global leadership to align with key initiatives and ensure smooth execution across the organization, while the 麻豆原创 Executive Board remains the ultimate managing body of 麻豆原创 SE.

New Board Area to Drive Strategy Execution and Simplification

The new Strategy & Operations board area will ensure that 麻豆原创 continues successfully executing on its transformation journey by driving the company鈥檚 strategy internally and externally, as well as by simplifying internal operations. Bringing Strategy & Operations together with Global Marketing 鈥� led by newly-appointed CMO Ada Agrait 鈥� will also promote closer collaboration to deliver customers and partners an enhanced digital experience.

鈥淪ince joining in 2020, Sebastian Steinhaeuser has been crucial in shaping and implementing 麻豆原创鈥檚 corporate strategy. We believe that Sebastian is not just a leader, but the architect of a future where innovation meets impact. On behalf of the 麻豆原创 Supervisory Board, I wish Sebastian a very successful start in his new role,鈥� said Pekka Ala-Pietil盲, chairman of the Supervisory Board of 麻豆原创 SE. 鈥淢oreover, we are excited to extend our best wishes to Thomas Saueressig for his forthcoming term on the 麻豆原创 Executive Board. His contributions have been instrumental in accelerating our customers’ journey to the cloud, and we look forward to his continued success.鈥�

After joining 麻豆原创 in 2020, Steinhaeuser held various positions, including the role of Chief Strategy Officer, where he also ran the growth areas Business Transformation Management, Business Network and Sustainability. In 2024, Steinhaeuser鈥檚 role expanded to Chief Strategy & Operating Officer, including oversight of business operations, processes and IT, as well as ecosystem and commercial functions. Prior to joining 麻豆原创, Steinhaeuser worked with the Boston Consulting Group, where he supported companies in their corporate and digital transformation journeys.

Further Organizational Updates to Build on 麻豆原创鈥檚 Successful Foundation

麻豆原创 is also announcing a new CTO and new CROs. Philipp Herzig will take on the role of 麻豆原创’s global CTO, in addition to his current position as Chief AI Officer. In this role, he will oversee 麻豆原创鈥檚 technology strategy, innovation, research and corporate development, driving the ongoing success of 麻豆原创鈥檚 Business AI and Sustainability units while continuing to advance innovation for 麻豆原创 customers and partners.

Jan Gilg and Emmanuel (Manos) Raptopoulos will co-lead 麻豆原创鈥檚 Customer Success organization as 麻豆原创鈥檚 new CROs. Gilg, currently president and chief product officer for Cloud ERP, will oversee 麻豆原创 Americas and the Global 麻豆原创 Business Suite. Raptopoulos, the current regional president of 麻豆原创 EMEA, will manage the 麻豆原创 EMEA, MEE and APAC regions. Elevating leadership that combines a strong product background with great sales experience will help 麻豆原创 engage more deeply with customers to translate their challenges into solutions that ensure sustained success. Herzig, Gilg and Raptopoulos will report into 麻豆原创 CEO Christian Klein and serve on 麻豆原创鈥檚 Extended Board.

All changes are effective February 1, 2025.

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

*Members of the Extended Board: Ada Agrait (Chief Marketing Officer), Michael Ameling (General Manager, Business Technology Platform), Sebastian Behrendt (Head of Global Finance), Jan Gilg (Chief Revenue Officer, Americas & Global Business Suite), Philipp Herzig (Chief Technology Officer), Thomas Pfiester (Head of Global Customer Engagement), Emmanuel Raptopoulos (Chief Revenue Officer, APAC/EMEA/MEE), TBA (General Manager, Business Suite), Monika Schaller (Chief Communications Officer)

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, press only:
Joellen Perry,+1 (626) 265-0370, joellen.perry@sap.com, PT
Marcus Winkler, +49 6227 767 497, marcus.winkler@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 2023 Annual Report on Form 20-F.
漏 2025 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.
Please consider our . If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.鈥�

• 麻豆原创 meets or exceeds all financial outlook parameters for FY2024
• Current cloud backlog of 鈧�18.1 billion, up 32% and up 29% at constant currencies
• Total cloud backlog of 鈧�63.3 billion, up 43% and up 40% at constant currencies
• Cloud revenue up 25% and up 26% at constant currencies in FY2024
• Cloud ERP Suite revenue up 33% and up 34% at constant currencies in FY2024
• Total revenue up 10% and up 10% at constant currencies in FY2024
• IFRS operating profit down 20%, non-IFRS operating profit up 25% and up 26% at constant currencies in FY2024
• 2025 outlook anticipates accelerating cloud revenue growth

“Q4 was a strong finish to the year, with half of our cloud order entry including AI. Looking at the full year, we exceeded our cloud goals, accelerating cloud revenue and current cloud backlog growth against a much larger base. Total cloud backlog now stands at 鈧�63 billion, up 40%. Revenue growth has returned to double-digits. Looking ahead, our strong position in data and Business AI gives us additional confidence that we will accelerate revenue growth through 2027.”

Christian Klein, CEO

“We are pleased with the strong close to 2024, where we exceeded our cloud and software revenue, non-IFRS operating profit, and free cash flow outlook. With current cloud backlog growth of 29%, we’ve demonstrated the strength of our strategy and our ability to deliver on our commitments. This progress solidly aligns with the Ambition 2025 we set four years ago and positions us well for continued growth this year and beyond.”

Dominik Asam, CFO

麻豆原创 CEO Christian Klein and CFO Dominik Asam will host a press conference to present fourth quarter financial figures and 2024 year-end results, as well as an outlook on the current financial year.

Media representatives are invited to join in person or participate in the press conference via Webcast at 10:00 a.m. CET/4:00 a.m. ET, accessible at .

• Current cloud backlog of 鈧�15.4 billion, up 25% and up 29% at constant currencies
• Cloud revenue up 25% and up 27% at constant currencies
• Cloud ERP Suite revenue up 34% and up 36% at constant currencies
• Total revenue up 9% and up 10% at constant currencies
• IFRS cloud gross profit up 26%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies
• IFRS operating profit up 29%, non-IFRS operating profit up 27% and up 28% at constant currencies
• 麻豆原创 raises its 2024 outlook for cloud and software revenue, operating profit and free cash flow

“Q3 was another strong quarter for 麻豆原创, and we are confidently raising our 2024 financial outlook. Cloud revenue growth developed remarkably well in the quarter, especially for our Cloud ERP Suite. Even more importantly, we are making strong progress on Business AI with groundbreaking innovations such as 麻豆原创 Knowledge Graph. A significant part of our cloud deals in Q3 included AI use cases.”

Christian Klein, CEO

“We are very pleased with our third quarter performance. The 2024 transformation program has already started to yield efficiency improvements. This allowed us to deliver a strong operating profit and free cash flow, while retaining our topline momentum.
We鈥檙e now focused on carrying that momentum into Q4 to safeguard the achievement of our 2025 ambition amidst a highly volatile environment.”

Dominik Asam, CFO

麻豆原创 CEO Christian Klein and CFO Dominik Asam will host a virtual analyst conference to present Q3 financial figures, as well as an outlook on the current financial year. Media representatives may listen in on the at 11:00 p.m. CEST/ 5:00 p.m. ET.

WalkMe’s innovative technology enables seamless workflow execution across business software applications, improving user experience and adoption and supporting business transformation. WalkMe^X鈥檚 AI capabilities will supercharge 麻豆原创’s copilot Joule with context-aware and proactive help across workflows, allowing users to become more productive.

As a result of the acquisition, each ordinary issued and outstanding share of WalkMe Ltd. has been converted into the right for its shareholders to receive US$14.00, subject to adjustment, per share in cash. The completion of the acquisition has been duly reported to the Nasdaq Stock Market, and trading of WalkMe’s ordinary shares is expected to be suspended at the close of market today pending delisting. With an equity value of about US$1.5 billion, this represents an approximate 45% premium to WalkMe’s closing share price on June 4, 2024, the day 麻豆原创 and WalkMe agreed to binding terms of the acquisition.

Visit the . Follow 麻豆原创 at .

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

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, CEST
Ofir Bloch, press@walkme.com
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 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 (or its affiliates) in Germany and other countries. Please see 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