Next to a paying a regular annual dividend, SAP has employed share repurchases for several years to continuously return excess cash to shareholders. Accordingly, SAP repurchases shares primarily for purposes of redemption and - to a lower extent - meeting its obligations arising from stock based compensation programs.
As of December 31, 2011, SAP has spent a total of approximately €4.12 billion to repurchase SAP shares since the inception of its share buybacks in 2001.
|
2007 |
2008 |
2009 |
2010 |
2011 |
Share buyback
(€ million) |
1,004.7 |
486.8 |
0.0 |
220.0 |
246.0 |
Share buyback
(millions of shares) |
27.3 |
14.6 |
0.0 |
6.4 |
5.6 |
| Average repurchase price during period (€) |
36.85 |
33.34 |
0.00 |
34.46 |
43.81 |
Own shares redeemed during period
(millions of shares) |
23.0 |
21.0 |
0.0 |
0.0 |
0.0 |
Treasury stock at period end
(€ million) |
1,733.8 |
1,362.3 |
1,320.0 |
1,381.6 |
1,376.8 |
Treasury stock at period end
(millions of shares) |
48.1 |
38.5 |
37.3 |
39.2 |
37.8 |
| Average repurchase price of shares in treasury stock at period end (€) |
36.07 |
35.43 |
35.43 |
35.28 |
36.46 |
Total shares outstanding at period end, excluding treasury stock
(millions of shares) |
1,198.2 |
1,187.3 |
1,188.8 |
1,187.7 |
1,190.3 |