We were able to surpass our excellent results from 2018, despite our continued investment in our business transformation. Non-IFRS operating profit in 2019 was €8.21 billion (2018: €7.16 billion), reflecting an increase of 15%.
We believe our shareholders should participate in our success. Therefore, we have proposed the dividend be increased by 5% to €1.58 per share (2018: €1.50). The 2019 dividend is pending approval of the Annual General Meeting on May 20, 2020.
Relative Share Price Performance vs. Major Indices
SAP stock gained 38.4%, once again outperforming the benchmark indexes DAX 30 and NASDAQ 100, which grew 25.5% and 38.0%, respectively. With a market capitalization of €147.8 billion, SAP continues to be the most valuable DAX company by far.