SAP SE

Earnings Release • Jan 23, 2002

News Details

Ad-hoc | 23 January 2002 06:59

SAP AG english

SAP 2001 REVENUES TOTAL EUR 7.3 BILLION Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP 2001 REVENUES TOTAL EUR 7.3 BILLION WALLDORF, Germany – January 23, 2002 — SAP AG (NYSE: SAP), the world’s leading provider of e-business software solutions, today announced its preliminary financial results for the fourth quarter and year ended December 31, 2001. For the year, sales increased 17% over 2000 to EUR 7.34 billion (2000: EUR 6.27 billion). In the fourth quarter of 2001, revenues rose 7% over the same period last year to EUR 2.32 billion (2000: EUR 2.16 billion). Fourth quarter 2001 operating income, before charges for stock-based compensation programs (STAR and LTI) and TopTier acquisition related charges, declined 8% to EUR 613 million (2000: EUR 668 million). Operating margin, excluding stock-based compensation and TopTier acquisition related charges, was 26% (2000: 31%). Net income for the fourth quarter 2001, adjusted for the TopTier acquisition costs and the Commerce One impact, was EUR 379 million (2000: EUR 375 million) and earnings per share was EUR 1.21 (2000: EUR 1.19). Outlook SAP expects 2002 to be another challenging year, as software sales trends continue to be unsettled in a tough economic environment. For the full year, SAP anticipates revenue to grow by around 15%, with stronger software license sales coming in the second half, in line with past quarterly developments. For the whole of 2002, SAP also expects its operating margin excluding stock-based compensation and TopTier acquisition related charges to improve at least one percentage point over the 20.0% achieved in 2001. SAP anticipates that the improvement will become more evident in the second half as software license performance improves and the Group benefits from ongoing cost curtailment measures. end of ad-hoc-announcement (c)DGAP 23.01.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Additional information related to SAP’s fourth quarter 2001 and preliminary fiscal year 2001 earnings are available at www.sap.com/investor/ . ——————————————————————————– WKN: 716460; ISIN: DE0007164600; Index: DAX Listed: Amtlicher Handel in Berlin, Frankfurt, Stuttgart; Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München; EUREX; Swiss Exchange; London; NYSE 230659 Jän 02