12.01.2015 SAP SE  DE0007164600

DGAP-Adhoc: SAP SE: SAP Leading the Transition to Cloud with 72% Revenue Growth in Fourth Quarter and 45% in Full Year


 
SAP SE / Key word(s): Final Results/Preliminary Results 12.01.2015 16:06 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SAP Announces Preliminary Fourth Quarter and Full Year 2014 Results - Cloud Business Surges - Non-IFRS Cloud Subscription and Support Revenue Accelerated to 72% in Fourth Quarter, Increased 45% in Full Year, Achieving Guidance - Strong Cloud Billings - Non-IFRS Calculated Cloud Billings Increased 115% in Fourth Quarter - Higher Revenue Share from More Predictable Cloud & Support Revenue - Software and Software-Related Service Revenue Guidance Achieved Despite the Accelerated Shift from Upfront to More Ratable Revenue - Operating Profit Guidance Achieved Even While Significantly Expanding the Company's Cloud Delivery Capabilities - Concur Close Expands World's Largest Business Network into US$1.2 Trillion Corporate Travel Market WALLDORF, Germany - January 12, 2015 - After an initial review of its fourth quarter 2014 performance, SAP SE (NYSE: SAP) today announced its preliminary financial results for the fourth quarter and full year ended December 31, 2014. For the full year 2014, SAP delivered exceptionally strong growth in the cloud and continues to lead in this industry-wide transformation. Achieving guidance, full year non-IFRS cloud subscriptions and support revenue increased 45% at actual and constant currencies to EUR1.10 billion [1]. The company also showed solid software and software-related service revenue performance despite the accelerated shift from upfront to more ratable revenue. Non-IFRS software and software-related service revenue grew 7% at constant currencies (6% at actual currencies to EUR14.87 billion) achieving the full year target for 6% - 8% growth at constant currencies. Non-IFRS operating profit increased by 3% at constant currencies to EUR5.63 billion (3% at actual currencies to EUR5.64 billion), achieving the full year outlook of EUR5.6 - EUR5.8 billion at constant currencies. With fourth quarter non-IFRS cloud subscriptions and support revenue increasing 59% year-over-year at constant currencies (72% at actual currencies), SAP is the fastest growing enterprise cloud company at scale [2]. The annual cloud revenue run rate now exceeds EUR1.7 billion [3] or $2.0 billion [4]. Non-IFRS calculated cloud billings increased 115% (87% at constant currencies) in the fourth quarter. Non-IFRS deferred cloud subscriptions and support revenue was EUR729 million as of December 31, 2014, a year-over-year increase of 63% (45% at constant currencies) [5]. SAP HANA, the platform for real-time business applications, had another great quarter and continues to be a major growth engine for SAP. Customer adoption this quarter was once again a highlight. FINANCIAL HIGHLIGHTS - Fourth Quarter 2014 All 2014 figures in this release are approximate due to the preliminary nature of the announcement.

                                                     Fourth Quarter 2014(1)



                              IFRS                             Non-IFRS (2)



EUR billion, unless         Q4    Q4    %     Q4    Q4    %     % change
otherwise stated            2014  2013  cha-  2014  2013  cha-  const.
                                        nge               nge    curr.
                                                       

Cloud subscriptions and
support                     0.35  0.21   68%  0.36  0.21   72%          59%
Software                    1.87  1.90   -2%  1.87  1.90   -2%          -5%
Support                     2.51  2.27   11%  2.51  2.27   10%           8%
Software and support        4.37  4.17    5%  4.37  4.18    5%           2%
Software and software-
related service revenue     4.72  4.38    8%  4.73  4.39    8%           5%
Total revenue               5.46  5.11    7%  5.47  5.11    7%           4%
Operating profit            1.75  1.80   -3%  2.13  2.10    1%          -2%
Operating margin (in %)     32.1  35.3  -3.2pp 38.9  41.0  -2.1pp    -2.3pp


(1) All figures are preliminary and unaudited. (2) For a detailed description of SAP's non-IFRS measures see Explanation of Non-IFRS Measures online FINANCIAL HIGHLIGHTS - Full Year 2014

                                                          Full Year 2014(1)



                              IFRS                             Non-IFRS(2)



EUR billion, unless         FY    FY    %     FY    FY    %     % change
otherwise stated            2014  2013  cha-  2014  2013  cha-  const.
                                        nge               nge   curr.
                                                       

Cloud subscriptions and
support                     1.09  0.70   56%  1.10  0.76   45%          45%
Software                    4.40  4.52   -3%  4.40  4.52   -3%          -3%
Support                     9.37  8.74    7%  9.37  8.76    7%           8%
Software and support        13.77 13.25   4%  13.77 13.28   4%           5%
Software and software-
related service revenue     14.85 13.95   6%  14.87 14.03   6%           7%
Total revenue               17.56 16.82   4%  17.58 16.90   4%           5%
Operating profit            4.33  4.48   -3%  5.64  5.48    3%           3%
Operating margin (%)        24.7  26.6  -2.0pp 32.1  32.4  -0.4pp    -0.7pp


1) All figures are preliminary and unaudited. 2) For a detailed description of SAP's non-IFRS measures see Explanation of Non-IFRS Measures online. The company will report its fourth quarter and full year 2014 results on January 20th, including the outlook for 2015. [1] For the full year 2014, Fieldglass contributed EUR50 million and Concur contributed EUR45 million to SAP's Non-IFRS cloud subscriptions and support revenue at constant currencies, representing a 13 pp contribution to SAP's respective full year 2014 growth rate. [2] Compared to SAP's peer group companies with an enterprise software annual cloud revenue run rate above EUR1 billion. [3] The annual revenue run rate is the fourth quarter 2014 non-IFRS cloud subscriptions and support revenue (EUR360 million) plus non-IFRS cloud-related professional services and other service revenue (EUR69 million) multiplied by 4. [4] Translated into USD for reader's convenience based on $/EUR exchange rate of $1.21/EUR1.00 at the end of the fourth quarter 2014. [5] Calculated billings is the total of a period's cloud subscriptions and support revenue and of the respective period's change in the deferred cloud subscription and support revenue balance. In the fourth quarter 2014 Fieldglass contributed EUR19 million and Concur contributed EUR45 million to SAP's Non-IFRS cloud subscription and support revenue at constant currencies. The contribution from Concur to Non-IFRS deferred cloud subscription and support revenue at December 4th, 2014, the closing of Concur, was EUR61 million (IFRS: EUR 42 million) and at December 31st, 2014 was EUR71 million (IFRS: EUR 62 million). ******** --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Additional Information 'In 2014 we continued to deliver on our winning growth strategy. We are the fastest growing enterprise cloud business at scale with the most users in the world. SAP HANA is delivering massive simplification for our customers,' said Bill McDermott, CEO of SAP. 'With the wide-spread adoption of the SAP HANA platform, 2015 is all about accelerating the introduction of next generation applications on HANA and scaling the world's largest Business Network. The roadmap for our customers and ever expanding ecosystem to Run Simple couldn't be more clear.' 'In 2014, we achieved a solid 7% growth in non-IFRS software and software-related service revenue at constant currencies - in line with our full-year outlook range despite less upfront and significantly more ratable new business,' said Luka Mucic, CFO of SAP. 'Operating profit also increased year over year even as we stepped up investments in the cloud in response to higher than expected demand for our new cloud offerings. With the powerful shift to the cloud and our growing support revenues we are building a larger, more predictable business over the long term.' CALCULATED CLOUD BILLINGS The following table presents the calculated cloud billings metric which we define as the total of a period's cloud subscription and support revenue and of the respective period's change in the deferred cloud subscription and support revenue balance. The table also reconciles the non-IFRS calculated cloud billings metric (including our non-IFRS at constant currency metric) to the respective IFRS based calculated cloud billings metric.' For the three months ended December 31

EUR millions, unless
otherwise stated               2014       
                                                                   Non-IFRS
                                                         Cur-      Constant
                                                         rency     Currency
                           IFRS      Adj.*     Non-IFRS* Impact**  **
Cloud subscriptions and
support                         349        10       360       -26       334
Closing balance deferred
cloud subscriptions and
support                         719        10       729       -65       664
Opening balance deferred
cloud subscriptions and
support                         498         0       498       -32       466
Change in deferred cloud
subscriptions and support       222        10       231       -34       198
Calculated cloud billings       571        20       591       -59       532

Year-over-year changes
(2014 vs. 2013, in %)          107%                115%                 87%



2013
                                                              Non-IFRS
                                             Currency         Constant
IFRS         Adj.*         Non-IFRS*         Impact**         Currency**
 208             1               210                0                210
 443             4               447                9                457
 376             6               382                0                382
  68            -2                66                9                 75
 276             0               276                9                285

* Adjustments in the revenue and deferred revenue line items are for cloud subscriptions and support revenue, and other similarly recurring revenues that entities acquired by SAP would have recognized had they remained stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. ** Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange rates from the previous year's respective period instead of the current period. Constant currency deferred revenue balances are calculated by translating the current period's opening and closing deferred revenue balances as well as the comparative period's closing deferred revenue balance using the opening exchange rates of the comparative period. Due to rounding, numbers may not add up precisely. 2014 revenue and profit figures include the full revenue and profit from hybris and the revenue and profit from Concur and Fieldglass since their acquisition dates of December 4 and May 2, respectively. The comparative numbers for 2013 do not include Concur or Fieldglass and hybris was included from August 1, 2013. For a more detailed description of all of SAP's non-IFRS measures and their limitations as well as our constant currency and free cash flow figures see Explanation of Non-IFRS Measures online. About SAP As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 263,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. (c) 2015 SAP SE. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE and its affiliated companies ('SAP Group') for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG (or an SAP affiliate company) in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices. 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. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV. For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, financial community only: Stefan Gruber +49 (6227) 7-44872, [email protected], CET For more information, press only: Nicola Leske +49 (6227) 7-50852, [email protected], CET Daniel Reinhardt +49 (6227) 7-40201, [email protected], CET Andy Kendzie +1 (202) 312-3919, [email protected], ET Follow SAP Investor Relations on Twitter at @sapinvestor. 12.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SAP SE Dietmar-Hopp-Allee 16 69190 Walldorf Germany Phone: +49 (0)6227 - 74 74 74 Fax: +49 (0)6227 - 75 75 75 E-mail: [email protected] Internet: www.sap.com ISIN: DE0007164600 WKN: 716460 Indices: DAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Düsseldorf, Hamburg, Hannover, München; Terminbörse EUREX; NYSE End of Announcement DGAP News-Service ---------------------------------------------------------------------------


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 23.461,00 24.708,00 27.553,00 27.338,00 27.842,00 30.871,00 31.207,00
EBITDA1,2 6.149,00 7.067,00 6.345,00 8.454,00 6.431,00 6.566,00 7.160,00
EBITDA-Marge3 26,21 28,60 23,03 30,92 23,10 21,27
EBIT1,4 4.877,00 5.703,00 4.495,00 6.623,00 4.656,00 4.670,00 5.787,00
EBIT-Marge5 20,79 23,08 16,31 24,23 16,72 15,13 18,54
Jahresüberschuss1 4.056,00 4.088,00 3.370,00 5.283,00 5.376,00 1.708,00 5.964,00
Netto-Marge6 17,29 16,55 12,23 19,32 19,31 5,53 19,11
Cashflow1,7 5.045,00 4.302,00 3.496,00 7.194,00 6.223,00 5.647,00 6.332,00
Ergebnis je Aktie8 3,35 3,42 2,78 4,35 4,46 1,95 5,20
Dividende8 1,40 1,50 1,58 1,85 2,45 2,05 1,25
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