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    SAP   DE0007164600

SAP SE

(SAP)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/02 03:59:57 pm
120.85 EUR   +0.01%
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Software group SAP adopts flexible working, by popular demand

06/01/2021 | 08:18am EDT
FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf

BERLIN (Reuters) - Business software group SAP is adopting flexible working for its 100,000 employees around the world, after the experience of remote working during the COVID-19 pandemic drew overwhelmingly positive feedback.

The group, headquartered in Germany, said internal polling found that 94% of staff wanted to take advantage of greater working flexibility, while nearly half planned to work in the office for one or two days a week in the future.

"It gives employees 100% flexibility," Julia White, SAP's recently appointed chief marketing and solutions officer, told Reuters in an interview.

White, who was 'onboarded' remotely in the United States, only met Chief Executive Christian Klein and other top managers face to face last week on her first visit to Germany since joining from Microsoft in January.

And, while getting to know co-workers personally is vital, White also said that, as a single mother, she valued the flexibility that enables her to meet both her professional and personal commitments.

In an email to staff on Tuesday, SAP said it was adopting a "flexible and trust-based workplace as the norm, not the exception".

Employees will be able to work from home, at the office or remotely, and it will be possible for them to set flexible schedules. The company will redesign its offices to make more space for teamwork and collaboration.

SAP's decision to make flexible work its policy follows moves by some technology companies, including Facebook, to permanently adopt remote work even after coronavirus lockdowns ease.

Its "pledge to flex" seeks to account for the range of preferences expressed by staff, with 16% saying they would like to work only remotely while 6% planned to come in to the office five days a week.

(Reporting by Douglas Busvine; Editing by Steve Orlofsky)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC -1.22% 351.95 Delayed Quote.28.84%
MICROSOFT CORPORATION -0.03% 284.82 Delayed Quote.28.06%
SAP SE 0.38% 121.3 Delayed Quote.13.13%
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Financials
Sales 2021 27 399 M 32 526 M 32 526 M
Net income 2021 4 478 M 5 316 M 5 316 M
Net Debt 2021 5 960 M 7 076 M 7 076 M
P/E ratio 2021 32,0x
Yield 2021 1,54%
Capitalization 143 B 170 B 170 B
EV / Sales 2021 5,44x
EV / Sales 2022 5,12x
Nbr of Employees 103 876
Free-Float 84,9%
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | SAP | DE0007164600 | MarketScreener
Technical analysis trends SAP SE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 121,30 €
Average target price 133,51 €
Spread / Average Target 10,1%
EPS Revisions
Managers and Directors
Christian Klein Chief Executive & Operating Officer
Luka Mucic Chief Financial Officer
Hasso Plattner Chairman-Supervisory Board
Juergen Mueller Chief Technology Officer
Bernard Liautaud Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
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