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Growth

SAP’s topline exceeded the revised outlook for 2020.

Profitability

SAP’s profit reached the upper end of the revised outlook for 2020.

Comparison of Outlook and Results for 2020

Comparison of Outlook and Results for 2020
    Results
for 2019
  Outlook for 2020
(Integrated Report 2019)
  Revised Outlook
for 2020
(Q1 Quarterly Statement)
  Revised Outlook
for 2020
(Half-Year Report)
  Revised Outlook
for 2020
(Q3 Quarterly Statement)
  Results
for 2020
Cloud revenue
(non-IFRS, at constant currencies)
  €7.01 billion   €8.7 billion
to €9.0 billion
  €8.3 billion
to €8.7 billion
  €8.3 billion
to €8.7 billion
  €8.0 billion
to €8.2 billion
  €8.24 billion
Cloud and software revenue
(non-IFRS, at constant currencies)
  €23.09 billion   €24.7 billion
to €25.1 billion
  €23.4 billion
to €24.0 billion
  €23.4 billion
to €24.0 billion
  €23.1 billion
to €23.6 billion
  €23,72 billion
Total revenue
(non-IFRS, at constant currencies)
  €27.63 billion   €29.2 billion
to €29.7 billion
  €27.8 billion
to €28.5 billion
  €27.8 billion
to €28.5 billion
  €27.2 billion
to €27.8 billion
  €27,90 billion
Operating profit
(non-IFRS, at constant currencies)
  €8.21 billion   €8.9 billion
to €9.3 billion
  €8.1 billion
to €8.7 billion
  €8.1 billion
to €8.7 billion
  €8.1 billion
to €8.5 billion
  €8,50 billion
Share of predictable revenue   67%   70%   72%   72%   72%   72%
Effective tax rate (IFRS)   26.7%   27.0%
to 28.0%
  27.0%
to 28.0%
  28.5%
to 29.5%
  27.0%
to 28.0%
  26.8%
Effective tax rate (non-IFRS)   26.2%   26.5%
to 27.5%
  26.5%
to 27.5%
  27.5%
to 28.5%
  26.5%
to 27.5%
  26.5%

 

Shareholder Return

SAP paid an increased dividend (55% payout ratio) and completed a €1.5 billion share buyback program in 2020. While the SAP share priced decreased during 2020, it still has proven a strong investment, with 11% average annual return over the past 10 years.

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