Sap SE - SAP STOCK NEWS

SAP SE announces a recommended dividend increase of €2.20 per share for fiscal year 2023, representing a 7.3% rise from the previous year. The total dividend distribution is set to be approximately €2.568 billion, with a pay-out ratio of 43.1%. The company aims to benefit shareholders appropriately from its 2023 profits, following a dividend policy to pay at least 40% of post-tax profits. The elections of shareholder representatives to the SAP Supervisory Board are also outlined, with notable candidates nominated for election or re-election.

SAP SE announces executives' participation in upcoming events like the Morgan Stanley Technology, Media & Telecom Conference and the Citizens JMP Tech Conference. Webcasts will be available, and replays can be accessed on the SAP Investor Relations website. Executives like Dominik Asam and Irfan Khan will hold Fireside Chats at the events.

Mercedes-Benz and SAP partnership revolutionizes corporate fleet management with digitalized omnichannel experience. SAP Commerce Cloud supports Mercedes-Benz's shift to 100% digital B2B sales by 2025. Benefits include streamlined EV ordering, automated approval processes, and data-driven fleet management. Sustainable business practices focus on CO2 emissions tracking, range anxiety solutions, and EV charging infrastructure. Both companies aim for carbon neutrality by 2030. Omnichannel strategy enhances customer experience and loyalty. The partnership signifies a shift towards direct sales, digital services, and new revenue streams in the automotive industry.

SAP SE nominates Pekka Ala-Pietilä as the new Chairman of the Supervisory Board, succeeding Prof. Dr. Hasso Plattner. The company and Punit Renjen part ways due to differing perspectives. Ala-Pietilä, with a strong background in European innovation and technology, is poised to lead SAP's transformation.

SAP partners with Kalangala Oil Palm Growers Trust to improve the lives of farmers in Uganda. The partnership has helped farmers transition to oil palm trees, providing a more reliable and lucrative crop. SAP's technology has enabled transparent payment systems and sustainable farming practices, leading to increased standard of living for farmers and the island.

SAP commits to achieving net-zero emissions across their value chain by 2030 as part of their sustainability journey since 2009. The company aims to create positive economic, environmental, and social impact within planetary boundaries.

SAP's press release emphasizes the importance of climate technologies in reducing greenhouse gas emissions and the role of software in helping organizations achieve sustainability goals.

SAP SE (NYSE: SAP) has announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company exceeded its non-IFRS operating profit and cash flow outlook for FY 2023. Cloud revenue increased by 20% and 23% at constant currencies for FY 2023, driven by a 25% cloud revenue growth at constant currencies in the fourth quarter. The current cloud backlog stands at €13.7 billion, up 25% and up 27% at constant currencies. IFRS cloud gross profit is up 23%, non-IFRS cloud gross profit is up 23% and up 27% at constant currencies in FY 2023. However, IFRS operating profit is down 5%, while non-IFRS operating profit is up 9% and up 13% at constant currencies in FY 2023. The 2024 outlook anticipates accelerating cloud revenue growth. The company also announced a planned transformation program including restructuring in 2024 to focus on scalability of operations and Business AI. The 2025 non-IFRS operating profit and free cash flow ambition have been updated to reflect the updated non-IFRS definition as well as approximately half a billion Euro of incremental efficiency gains from the program.

SAP has been recognized by Gartner and IDC for its exceptional sustainability performance and solutions offered to customers. The company's ERP-centric solutions help businesses manage sustainability across environmental, social, and governance dimensions, and it's been committed to net-zero emissions by 2030. SAP's comprehensive portfolio is designed to help customers run their business processes and enterprise more efficiently, with offerings such as SAP Business Network, business process transformation solutions, SAP Business Technology Platform (SAP BTP), and the SAP Customer Experience portfolio.