Categories: Business

Corona brakes demand: SAP supports full-year forecast and medium-term goals

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.

dpa
Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

ZEREBRO Price Collapses 40% in Just 3 Hours: Market Cap Tanks to $45 Million

Zerebro, one of the largest AI projects, has seen its price dropped sharply today, going…

1 day ago

Ethereum Price Prediction: Can ETH Sustain Its Bullish Momentum as Price Surges 15%?

Ethereum is back in the spotlight, not for explosive price action, although it has made…

2 days ago

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk

Ajman, UAE, 25th April 2025, Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic…

2 days ago

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment system

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment…

2 days ago

Echo Launches Real Unique Tokenomics with Real Yield in USDC

Douglas, Isle of Man, 25th April 2025, ZEX PR WIRE, Echo is about to launch…

2 days ago

World of Dypians Wins $450K in BNB Chain’s Support Program and Announces Monumental New Features

Tortola, BVI, 25th April 2025, ZEX PR WIRE, World of Dypians (WoD), a highly immersive…

2 days ago