Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  SAP AG    SAP   DE0007164600

SAP AG

(SAP)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

SAP : Shares Rise on 1Q Results, Improved Profit Outlook

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2019 | 05:12am EDT

By Patrick Costello

SAP (SAP.XE) shares rose sharply Wednesday on the back of better-than-expected first-quarter results and an improved profitability outlook.

The German software company posted a net profit of 1.08 billion euros ($1.21 billion) on a non-IFRS basis in the first quarter, up 25% from the prior year. On an IFRS basis, the company generated a net loss of EUR108 million due to restructuring costs, SAP said.

Operating profit rose 19% to EUR1.47 billion, the company said.

SAP also raised its non-IFRS operating profit target for 2019 to between EUR7.85 billion and EUR8.05 billion, up from an earlier target between EUR7.7 billion and EUR8 billion.

For 2020, SAP said it now targets a non-IFRS operating profit between EUR8.8 billion and EUR9.1 billion, up from between EUR8.5 billion and EUR9 billion. Gross cloud margins should amount to 75% on a non-IFRS basis by 2023, it said.

At 0852 GMT, shares of SAP were up 7% at EUR108.96. The share is up 25% on year.

Analysts at Warburg said SAP's results "topped expectation" at the non-IFRS level, even as the corresponding IFRS figures were negatively hit with restructuring costs.

DZ Bank said it reiterated its buy rating and EUR119.2 price target for SAP in light of its "solid" first-quarter and revised outlook through 2023.

Write to Patrick Costello at patrick.costello@dowjones.com.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAP AG
08/21SAP : Enables Hyper-Growth for Rivian
PU
08/21SAP : Positioned as a Leader in 2019 Gartner “Magic Quadrant for Data Inte..
PU
08/21SCHAEFER WERKE GROUP : From Traditional Metal Processor to Digital Service Provi..
PU
08/21SAP : Businesses Can Create, Manage and Syndicate Product Data Across 1,500 Chan..
PU
08/21SAP : InfonovaGo from BearingPoint//Beyond now available for purchase on SAP App..
AQ
08/20CROSSING YOUR OWN FINISH LINE : How-To Guide to Your Multi-Stage SAP S/4HANA Tra..
PU
08/20SAP : InfonovaGo from BearingPoint//Beyond now available for purchase on SAP® A..
AQ
08/20SAP : Becomes a Founding Member of the Value Balancing Alliance to Help Business..
PU
08/19Citrix Names New CFO as It Steers Toward Cloud-Based Business Model
DJ
08/19SAP : and Dell Partnering for Purpose with Autism at Work
PU
More news
Financials (EUR)
Sales 2019 27 441 M
EBIT 2019 8 099 M
Net income 2019 3 323 M
Debt 2019 9 525 M
Yield 2019 1,38%
P/E ratio 2019 38,2x
P/E ratio 2020 26,0x
EV / Sales2019 5,12x
EV / Sales2020 4,66x
Capitalization 131 B
Chart SAP AG
Duration : Period :
SAP AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAP AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 128,50  €
Last Close Price 109,68  €
Spread / Highest target 39,5%
Spread / Average Target 17,2%
Spread / Lowest Target -20,7%
EPS Revisions
Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Juergen Mueller Head-Innovation & Technology
Sector and Competitors
1st jan.Capitalization (M$)
SAP AG26.38%145 272
ORACLE CORPORATION17.92%177 599
INTUIT40.33%71 613
SERVICENOW INC49.27%49 824
CONSTELLATION SOFTWARE INC.46.40%20 425
PAYCOM SOFTWARE INC105.72%14 522