Profitability is at its lowest since the turn of the millennium.
(Photo: Imago)
Dusseldorf When SAP invites to the general meeting on Thursday, the mood among the shareholders should be relaxed. Doubts about the strategic realignment have subsided, which can be seen from the share price.
At a good 123 euros, it is higher than it has been since the end of 2021, and with a market capitalization of more than 150 billion euros, the software manufacturer can again call itself the most valuable group in the Dax.
>> Read here: How much potential does SAP stock still have?
Despite the economic uncertainty, SAP has managed to meet the expectations of the capital market in recent months – unlike some of its competitors. After two years of stagnation, the software manufacturer recorded significant growth, 30.9 billion euros in sales meant an increase of eleven percent. The products from the cloud, which the group has declared as future business, made a significant contribution to this.
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