SAP SE

Earnings Release • Jul 19, 2001

News Details

Ad-hoc | 19 July 2001 07:34

SAP AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP REPORTS STRONG SECOND QUARTER RESULTS WALLDORF, Germany — July 19, 2001 — SAP AG (NYSE: SAP), the leading provider of e-business software solutions, today announced strong sales and profit performance for the second quarter ended June 30, 2001. In the second quarter of 2001, revenues rose 24% over the same period last year to EUR1.85 billion (2000: EUR1.5 billion). Second quarter 2001 operating income, before charges for stock based compensation programs (STAR and LTI) and TopTier acquisition related costs, rose 72% to EUR424 million (2000: EUR246 million). Operating margin, excluding stock based compensation and TopTier acquisition related charges, improved to 23% (2000: 16%). Earnings before interest, taxes, depreciation and amortization (“EBITDA”) improved by 118% to EUR450 million (2000: EUR206 million). Net income for the second quarter 2001 grew 78% to EUR206 million (2000: EUR116 million) and earnings per share for the quarter was EUR0.65 (2000: EUR0.37). Earnings per share excluding charges related to the acquisition of TopTier were up 92% to EUR0.71 (2000: EUR0.37). SAP confirms its earlier expectations for the first nine months of 2001. SAP has also provided its extended expectations for revenue and margin performance for the full year. SAP expects revenue for the full year 2001 to grow by more than 20%. Operating margin, excluding stock based compensation and acquisition related charges, are expected to exceed the 20% achieved in 2000 by 1 to 2 percentage points. A full press release including profit & loss statements and balance sheets will be disseminated at 1:00 PM (CET) / 12:00 PM (GMT) / 7:00 AM (Eastern) / 4:00 AM (Pacific) and will be available on the SAP website at that time. end of ad hoc announcement (c) DGAP 19.07.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: Press Release/Conference Call/Webcast/Supporting Slides SAP senior management will host a press conference in New York today at 3:00 PM (CET) / 2:00 PM (GMT) / 9:00 AM (Eastern) / 6:00 AM (Pacific), followed by an investor conference at 6:00 PM (CET) / 5:00 PM (GMT) / 12:00 PM (Eastern) / 9:00 AM (Pacific). Both conferences will be web cast live at http://www.sap.com/investor and will be available for replay purposes as well. Slides related to today’s announcement will be used during the conference and are also available on the SAP website. ——————————————————————————– WKN: 716460; Index: DAX Listed: Amtlicher Handel in Berlin, Frankfurt, Stuttgart; Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München; EUREX; Swiss Exchange; London; NYSE 190734 Jul 01