SAP Reiterates 2024 Financial Outlook; Sees FY24 €17 Billion – 17.3 Billion Cloud Revenue, Sees €7.6 Billion – 7.9 Billion Non-IFRS Operating Profit, Sees FY24 €29 Billion - €29.5 Billion Cloud And Software Revenue At Constant Currencies; Sees FY25...
SAP Reiterates 2024 Financial Outlook; Sees FY24 €17 Billion – 17.3 Billion Cloud Revenue, Sees €7.6 Billion – 7.9 Billion Non-IFRS Operating Profit, Sees FY24 €29 Billion - €29.5 Billion Cloud And Software Revenue At Constant Currencies; Sees FY25...
SAP Reiterates 2024 Financial Outlook; Sees FY24 €17 Billion – 17.3 Billion Cloud Revenue, Sees €7.6 Billion – 7.9 Billion Non-IFRS Operating Profit, Sees FY24 €29 Billion - €29.5 Billion Cloud And Software Revenue At Constant Currencies; Sees FY25 Non-IFRS Operating Profit Of ~€10.2 Billion, Sees FY25 Cloud Revenue Of More Than €21.5 Billion
SAP重申2024年财务展望：预计FY24云营业收入为170亿-173亿欧元，预计FY24非IFRS营业利润为76亿-79亿欧元，预计FY24货币不变条件下云和软件收入为290亿-295亿欧元，预计FY25非IFRS营业利润达到约102亿欧元，预计FY25云收入超过215亿欧元。
Financial Outlook 2024
2024年财务展望
SAP's financial outlook 2024 is based on SAP's updated non-IFRS definition of profit measures which, beginning in 2024, include share-based compensation expenses and exclude gains and losses from equity securities, net. For more details, please refer to the Reporting Framework section on our Investor Relations website: .
SAP的2024年财务展望是基于SAP更新的非IFRS利润计量定义，从2024年开始，包括股份基础补偿费用，不包括净股权证券收益和损失。更多详细信息，请参阅我们投资者关系网站的报告框架部分。
SAP continues to expect:
SAP仍然期望：
- €17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.
- €29.0 – 29.5 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 8% to 10% at constant currencies.
- €7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion), up 17% to 21% at constant currencies.
- Free cash flow of approximately €3.5 billion (2023: €5.09 billion).
- An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3%)2.
- 2023年时，云财务收入将达到货币不变条件下的170亿-173亿欧元，按货币不变条件计，将增长24%至27%。
- 2024年固定汇率下云和软件营业收入约29.0 - 295亿欧元（2023年：269.2亿欧元），固定汇率下同比增长8%至10%。
- 2024年固定汇率下非IFRS营业利润约7.6 - 79亿欧元（2023年：65.1亿欧元），固定汇率下同比增长17%至21%。
- 自由现金流约35亿欧元（2023年：50.9亿欧元）。
- 非IFRS有效税率约为32％（2023年：30.3％）2。
While SAP's 2024 financial outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.
尽管SAP的2024年财务展望是按照货币不变条件下计算的，但实际货币报告数据预计会受货币汇率波动的影响，具体可以参考下表。
Currency Impact Assuming June 30, 2024 Rates Apply for 2024
假设2024年6月30日的汇率适用于2024年的货币影响
| In percentage points | Q3 2024 | FY 2024 |
| Cloud revenue growth | +0.5pp | –0.5pp |
| Cloud and software revenue growth | +0.5pp | –0.5pp |
| Operating profit growth (non-IFRS) | +0.0pp | –1.5pp |
| 以百分点表示 | 2024年第三季度 | 2024财年 |
| 云收入增长 | + 0.5pp | –0.5pp |
| 云和软件收入增长 | + 0.5pp | –0.5pp |
| 非IFRS营业利润增长 | + 0.0pp | –1.5pp |
Non-Financial Outlook 2024
2024年非财务展望
SAP now expects the Employee Engagement Index to be in a range of 70% to 74% in 2024 (previously: 76% to 80%).
SAP现在预计2024年员工参与指数将在70％至74％的区间内（以前为76％至80％）。
In 2024, SAP continues to expect:
在2024年，SAP继续预计：
- A Customer Net Promoter Score of 9 to 13.
- To steadily decrease carbon emissions across the relevant value chain, in line with our target of achieving Net Zero carbon emissions by 2030.
- To steadily increase the number of women in executive roles in line with our end of year 2027 target to achieve 25%.
- 客户推荐者得分为9-13。
- 符合我们到2030年实现净零碳排放目标的相关价值链上逐步减少碳排放。
- 与我们2027年下旬达到25%的目标相符，在高管职位上女性数量逐步增加。
Ambition 2025
2025年宏力士的雄心壮志。
SAP is updating its financial ambition 2025, reflecting the anticipated incremental benefits from the transformation program.
SAP正在更新其2025年的财务目标，并反映预期的转型计划的增量收益。
By 2025, SAP now expects:
到2025年，SAP现在期望：
- Non-IFRS operating profit of approximately €10.2 billion (previously: approximately €10 billion).
- 约102亿欧元的非IFRS营业利润（之前约100亿欧元）。
SAP continues to expect:
SAP仍然期望：
- Cloud revenue of more than €21.5 billion.
- Total revenue of more than €37.5 billion.
- Non-IFRS cloud gross profit of approximately €16.2 billion.
- Free cash flow of approximately €8.0 billion (now including an anticipated mid-triple-digit million Euro restructuring payout in 2025 associated with the 2024 transformation program).
- A share of more predictable revenue of approximately 86%.
- 超过215亿欧元的云收入。
- 超过375亿欧元的总收入。
- 约162亿欧元的非IFRS云毛利润。
- 约80亿欧元的自由现金流（现在包括预计的中三位数百万欧元2025年重组计划支付，与2024年转型计划有关）。
- 约占更可预测收入的86%的份额。
The 2025 financial ambition is based on an exchange rate of 1.10 USD per EUR.
2025年财务目标基于每欧元1.10美元的汇率。
Non-Financial Ambition 2025
2025年非财务雄心壮志。
For 2025, SAP now aims to increase the Employee Engagement Index (previously: Steadily increasing the Employee Engagement Index).
现在，SAP旨在提高员工参与指数（之前：逐步提高员工参与指数）。
SAP continues to aim for
SAP继续瞄准持续提高客户推荐得分。
- Steadily increasing the Customer Net Promoter Score.
- 不断提高客户推荐得分。
The 2025 non-financial ambitions are in addition to our medium-term targets of achieving Net Zero carbon emissions across the value chain by 2030 and reaching 25% women in executive roles by the end of 2027.
2025年的非财务目标除了我们到2030年实现价值链内净零碳排放和到2027年底女性高管比例达到25%的中期目标外，还有更多目标。