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The software company SAP is more cautious about the current year against the background of the corona crisis. The company announced that sales would now be between 27.8 and 28.5 billion euros in constant currency. Previously, SAP had expected more than 29 billion euros after 27.63 billion euros in the previous year.
The company now anticipates currency-adjusted 8.1 to 8.7 billion euros in operating profit. Previously, 8.9 to 9.3 billion euros had been targeted. In 2019, SAP was 8.21 billion euros.
Due to the great uncertainty surrounding the corona crisis, all figures for 2020 are Approximationsit was said. However, business in the first two months of the first quarter was still solid. At the end of the first quarter, the effects of the corona crisis would have quickly increased.
Update 07:39: Because of the lowered forecast for 2020, the SAP shares are the only pre-IPO losers in the Dax and lose one percent.
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