SAP: stock up after 2019 targets confirmed
(CercleFinance.com) - SAP is up over 1% in Frankfurt today, after the software publisher confirmed its preliminary results that were provided 10 days ago, i.
e. a 14% increase in Q3 non-IFRS EPS to 1.30 euro.
Again in non-IFRS terms, and at constant exchange rates, the group improved its forecast for a 1.5-point improvement in its operating margin to 30.4% for total revenues that are up 10% at 6.81 billion euros (slightly revised from initial estimate of 6.79 billion euros).
For FY 2019, the German group continues to forecast non-IFRS operating profit of between 7.85 billion and 8.05 billion euros at constant exchange rates, implying an increase of between 9.5% and 12.5%.
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e. a 14% increase in Q3 non-IFRS EPS to 1.30 euro.
Again in non-IFRS terms, and at constant exchange rates, the group improved its forecast for a 1.5-point improvement in its operating margin to 30.4% for total revenues that are up 10% at 6.81 billion euros (slightly revised from initial estimate of 6.79 billion euros).
For FY 2019, the German group continues to forecast non-IFRS operating profit of between 7.85 billion and 8.05 billion euros at constant exchange rates, implying an increase of between 9.5% and 12.5%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.