Corona is slowing demand
SAP supports full-year forecast and medium-term goals
The company logo of SAP on a building of the company headquarters. Photo: Uwe Anspach/dpa
© dpa-infocom GmbH
The Corona-pandemic brings Europe’s largest software manufacturer SAP is more in distress than I thought. The demand also fell because of new restrictions has been more subdued than expected.
The Corona-pandemic brings Europe’s largest software manufacturer SAP is more in distress than I thought. The demand also fell because of new restrictions has been more subdued than expected.
Thus, the Management expects to the chief Executive officer of Christian Klein, with less turnover and operating profit than in the past, such as the Dax group announced surprisingly on Sunday evening in Walldorf.
Because the crisis will weigh on the business until at least the middle of next year and the exchange rates would have developed last negative, is likely to move also the targets for 2023 in the case of revenue and earnings of one to two years. Furthermore, the faster migration of customers to cloud versions of SAP Software for four to five percentage points less thing to worry about margin. Previously, SAP had promised to the adjusted operating margin (adjusted Ebit) by 2018 by 2023 by around 5 percentage points to around 34 percent increase.
This year, SAP expects a total turnover of 27.2 to 27.8 billion euros based on constant exchange rates, i.e. exchange rates from the previous year. Before, it was of 27.8 to 28.5 billion. The operating result is now expected to land between 8.1 and 8.5 billion euros, instead of between 8.1 and 8.7 billion.
