SAP Updates Its Ambition 2025 And Announces Transformation Program For 2024
SAP News, Tuesday, January 23rd, 2024
SAP SE announces plans to implement a company-wide transformation program including restructuring for 2024. In addition, SAP is updating its ambition for 2025.
The update reflects the strong performance in the fourth quarter 2023, the updated non-IFRS definition of profit measures, as well as the anticipated benefits from the new program.
The updated 2025 non-IFRS operating profit ambition of approximately 10.0 billion Euros now reflects share-based compensation expenses of approximately 2 billion Euros. Based on SAP's analysis, this profit ambition is materially ahead of corresponding analyst consensus estimates. In addition, the updated 2025 free cash flow ambition of approximately 8.0 billion Euros is ahead of the latest analyst consensus.