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Financial Performance

Financial Performance

Growth

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Chart showing Cloud Revenue (Non-IFRS)

Cloud Revenue (non-IFRS)

Our cloud business continued to demonstrate strong growth in 2019, with non-IFRS cloud revenue growing 40% from €5.03 billion in 2018 to €7.01 billion. 

Chart showing Total Revenue (non-IFRS)

Total Revenue (non-IFRS)

2019 was a successful year for SAP, once again achieving double-digit growth in non-IFRS  total revenue, which increased 12% to €27.63 billion (2018: €24.71 billion).  

Profitability

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Chart showing Cloud Gross Margin

Operating Margin (non-IFRS)

We continued to focus on operational efficiency in 2019. This contributed to a year-over-year increase of 0.7 percentage points in non-IFRS operating margin.

Chart showing Operating Profit (non-IFRS)

Operating Profit (non-IFRS)

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%. 

Comparison of Outlook and Results for 2019

Comparison of Outlook and Results for 2019

 

   Outlook for 2019
(as reported inIntegrated Report 2018)		   Revised Outlook for 2019
(Q1 Quarterly Statement)		   Results for 2019
Cloud revenue (non-IFRS, at constant currencies)   €6.70 billion to €7.00 billion   €6.70 billion to €7.00 billion   €6.77 billion
Cloud and software revenue (non-IFRS, at constant currencies)   €22.40 billion to €22.70 billion    €22.40 billionto €22.70 billion   €22.49 billion
Total revenue (non-IFRS, at constant currencies)   strong increase, at slightly lower rate
than operating profit		   strong increase, albeit at lower rate
than operating profit		   €26.91 billion
Operating profit (non-IFRS, at constant currencies)   €7.70 billion to €8.00 billion   €7.85 billion to €8.05 billion   €7.95 billion
Effective tax rate (IFRS)   26.5% to 27.5%       26.7%  
Effective tax rate (non-IFRS)   26.0% to 27.0%       26.2%

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Shareholder Return

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Chart showing Dividend per Share

Dividend per Share

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.

Chart showing Relative Share Price Performance

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. 

Downloads

SAP Integrated Report 2019

PDF

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Annual Report on Form 20-F

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Primary Financial Statements

XLS

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5-Year Summary

XLS

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