CIMdata PLM Industry Summary Online Archive

21 March 2011

Financial News

SAP Announces Availability of 2010 Annual Report to Shareholders and Annual Report on Form 20-F

SAP AG SAP's Annual Report to Shareholders including the IFRS audited consolidated financial statements for the year ended December 31, 2010 is now available, and SAP's Annual Report on Form 20-F has been filed with the U.S. Securities and Exchange Commission (SEC). Both reports can be accessed via SAP's Web site at www.sap.com/investor and www.sap.de/investor. Hardcopies of both reports can be ordered free of charge:

(i) online at http://www.sap.com/investor and http://www.sap.de/investor
(ii) via phone +49 6227 7-67336 or +1-877-727-7862 or
(iii) by sending an e-mail to investor@sap.com.

In the 2010 Annual Report, SAP reaffirmed its previously (January 26, 2011) published business outlook for the full-year 2011.

  • Full-year 2011 non-IFRS software and software-related service revenue is expected to increase in a range of 10% to 14% at constant currencies (2010: EUR9.87 billion).
  • Full-year 2011 non-IFRS operating profit is expected to be in a range of EUR4.45 billion to EUR4.65 billion at constant currencies (2010: EUR4.00 billion), resulting in 2011 non-IFRS operating margin increasing in a range of 0.5 to 1.0 percentage points at constant currencies (2010: 32.0%).
  • Full-year 2011 IFRS effective tax rate is projected to be 27.0% to 28.0% (2010: 22.5%) and the non-IFRS effective tax rate is projected to be 27.5% to 28.5% (2010: 27.3%).

SAP expects to hire in all regions in 2011, including in Germany. Also in the 2010 Annual Report, SAP stated that by the middle of the present decade, it aims to achieve a non-IFRS operating margin of 35% in average annual increments of up to 100 basis points, to increase annual total revenue to at least EUR20 billion, and to increase the share of software revenue generated through indirect channels by up to 40%, which would be more than twice the proportion generated through indirect channels in 2010. In the execution of its strategy, technology partners are essential to advance SAP's research agenda, to monetize in-memory technologies, and to enhance its solution portfolio.

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