SAP SE

Earnings Release • Oct 18, 2001

News Details

Ad-hoc | 18 October 2001 07:30

SAP AG english

SAP REPORTS 23% REVENUE GROWTH FOR THE FIRST NINE MONTHS OF 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP REPORTS 23% REVENUE GROWTH FOR THE FIRST NINE MONTHS OF 2001 WALLDORF, Germany – October 18, 2001 — SAP AG (NYSE: SAP), the leading provider of e-business software solutions, today announced its financial results for the third quarter and nine months ended September 30, 2001. For the first nine months, sales increased 23% over 2000 to EUR5.0 billion (2000: EUR4.1 billion). In the third quarter of 2001, revenues rose 16% over the same period last year to EUR1.65 billion (2000: EUR1.42 billion). Third quarter 2001 operating income, before charges for stock-based compensation programs (STAR and LTI) and TopTier acquisition related charges, were flat at EUR201 million (2000: EUR202 million). Earnings before interest, taxes, depreciation and amortization (“EBITDA”) improved by 18% to EUR235 million (2000: EUR200 million). Net income for the third quarter 2001, adjusted for the TopTier acquisition costs and the Commerce One impact, was EUR78 million (2000: EUR88 million) and earnings per share was EUR0.25 (2000: EUR0.28). Due to changes in corporate software spending timetables, SAP has updated its full year outlook and now sees full year 2001 revenues growing by around 15% and expects operating margins excluding stock based compensation and TopTier acquisition related charges to match the 20% levels achieved in 2000. SAP continues to shape and re-focus its global organization and enhance its products and services in this rapidly changing environment. Consequently, the Company is accelerating cost reduction measurements, including adjusting the levels and mix of its employees, particularly in the U.S. The Company continues to extend its infrastructure in certain areas where SAP is growing its profile, such as CRM and SCM. end of ad-hoc-announcement (c)DGAP 18.10.2001 ——————————————————————————– WKN: 716460; Index: DAX Listed: Amtlicher Handel in Berlin, Frankfurt, Stuttgart; Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München; EUREX; Swiss Exchange; London; NYSE 180730 Okt 01