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MarketScreener Homepage  >  Equities  >  Xetra  >  SAP SE    SAP   DE0007164600

SAP SE

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SAP users face cost squeeze, pressure to digitalise: survey

10/12/2020 | 03:07am EST
FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf

BERLIN (Reuters) - The customers of software group SAP are suffering severe declines in revenue and earnings while at the same time facing intensifying pressure to hike IT spending to go digital, a survey showed on Monday.

The poll of SAP's German-speaking user community found that nearly three-quarters were experiencing sharp drops in revenue. At the same time, over four-fifths said the coronavirus pandemic made digital transformation a more pressing task.

"At the centre of this crisis is the need for businesses to do more with less," said Marco Lenck, chairman of the German-speaking DSAG user group that commissioned the survey.

The DSAG, which represents 3,700 businesses, is an influential lobby that has called on SAP to make it easier to upgrade systems traditionally hosted on site to run in remote datacentres.

Such cloud hosting makes it easier for firms to scale up or pare back their business process operations in line with need. But the initial cost and difficulty of making that move deters many.

SAP's new CEO, Christian Klein, welcomed the DSAG survey's findings, which he said were representative of how the group's global business was performing.

Klein told a joint briefing with the DSAG that SAP had taken on board calls to improve integration between its four main processes: sales, procurement, human resources and supply chain management.

Work on creating a common data model, user interface and consistent security and identity management in these four areas was now 57% complete, he said. By the end of the year, 90% of the job will be done.

Klein also said that, given the cost pressures that some clients were facing, for example in the airlines sector, SAP was offering flexible payment terms to help ride out the economic slump.

"We expect the transformation in the IT and technology sectors to gather pace and that demand will rise," he said. "We are of course offering targeted support to those customers in economic difficulty - we want long-term client relationships."

The DSAG is holding its annual conference online this week. SAP reports third-quarter results on Oct. 26.

(Reporting by Douglas Busvine; Editing by Kirsten Donovan)

By Douglas Busvine


© Reuters 2020
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Financials
Sales 2020 27 337 M 32 724 M 32 724 M
Net income 2020 4 706 M 5 633 M 5 633 M
Net Debt 2020 8 595 M 10 289 M 10 289 M
P/E ratio 2020 25,1x
Yield 2020 1,66%
Capitalization 119 B 143 B 143 B
EV / Sales 2020 4,68x
EV / Sales 2021 4,55x
Nbr of Employees 101 450
Free-Float 86,2%
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 116,62 €
Last Close Price 100,14 €
Spread / Highest target 60,8%
Spread / Average Target 16,5%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Christian Klein Co-Chief Executive Officer & COO
Hasso Plattner Chairman-Supervisory Board
Luka Mucic Chief Financial Officer
Juergen Mueller Chief Technology Officer
Lars Lamadé Member-Supervisory Board
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