SAP SE

Earnings Release • Jan 30, 2003

News Details

Ad-hoc | 30 January 2003 06:26

SAP AG english

SAP Reports 2002 Full-Year Operating Margin Improved Significantly Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP Reports 2002 Full-Year Operating Margin Improved Significantly WALLDORF- January 30, 2003 — SAP AG today announced its preliminary financial results for the full year ended December 31, 2002. For the year 2002, operating income increased to EUR1.6 billion (2001: EUR1.3 billion). Operating income, before charges for stock-based compensation programs and charges for material acquisitions, increased by 15% to EUR1.7 billion (2001: EUR1.5 billion). The operating margin, before stock-based compensation programs and charges for material acquisitions, increased by nearly three percentage points to 22.7% (2001: 20%). Total revenues for the year 2002 were up 1% to EUR7.4 billion (2001: EUR7.3 billion). Despite the continuing unpredictable political and economic environment, the Company expects that it will continue to gain market share and increase profitability in 2003. Based on modest revenue growth, continued cost containment and customer buying patterns in line with normal business seasonality, the Company expects to increase its 2003 operating margin, excluding charges for stock-based compensation programs and acquisition related charges, by around 1 percentage point compared to 2002. Earnings per share for 2003, excluding charges for stock-based compensation programs, acquisition related charges and impairment related charges are expected to be in the range of EUR3.45 per share to EUR3.60 per share. end of ad-hoc-announcement (c)DGAP 30.01.2003 ——————————————————————————– WKN: 716460; ISIN: DE0007164600; Index: DAX Listed: Amtlicher Markt in Berlin, Frankfurt, Stuttgart, Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München; EUREX; Swiss Exchange; London; NYSE 300626 Jän 03