Friday 29th January 2021
The stock market day
SAP increases profits and wants to increase dividends
Europe's largest software company SAP wants to use the proceeds from the US IPO of its market research subsidiary Qualtrics mainly to lower its debts. However, one also becomes one of the supervisory board Propose an increase in the dividendsaid CFO Luka Mucic in a conference call. According to Mucic, SAP sold around 2.4 billion US dollars (2.0 billion euros) in revenue. 500 million dollars of this would be made available to Qualtrics as liquidity, around 1.9 billion flow to Walldorf, said Mucic. For 2019, SAP paid a dividend of 1.58 euros. As a rule, the company presents the official dividend proposal in February.
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