Despite the economic uncertainty, SAP is doing good business: many customers are buying products from the software company to automate their business processes, make supply chains more transparent or set up climate balances.
CEO Christian Klein said on Thursday: “Our pipeline for the second half of the year is full, these topics are still in great demand.“ He is considering raising the medium-term forecast for 2025.
But after the publication of the quarterly figures, shareholders looked at short-term effects: the withdrawal from Russia and Belarus in recent months has been burdensome. For this reason, the software manufacturer significantly lowered the forecast for the operating result in the current year.
The stock market price fell by up to 5.2 percent to below 86 euros. An announced share buyback worth 500 million euros did not help either. Some shareholders and analysts had speculated on better profitability.