SAP Sees FY24 €7.8 Billion – €8.0 Billion Non-IFRS Operating Profit At Constant Currencies (2023: €6.51 Billion), Up 20% To 23% At Constant Currencies, Raising The Midpoint By €150 Million. The Previous Range Was €7.6 Billion – €7.9 Billion At Constant Currencies; €3.5 Billion – 4.0 Billion Free Cash Flow (2023: €5.09 Billion). The Previous Outlook Was ~€3.5 Billion
Portfolio Pulse from Benzinga Newsdesk
SAP has raised its FY24 non-IFRS operating profit forecast to €7.8 billion – €8.0 billion, up 20% to 23% from 2023, and increased the midpoint by €150 million. The free cash flow outlook is set at €3.5 billion – €4.0 billion.
October 21, 2024 | 8:10 pm
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SAP has increased its FY24 non-IFRS operating profit forecast to €7.8 billion – €8.0 billion, representing a 20% to 23% increase from 2023. The midpoint has been raised by €150 million. The free cash flow outlook is now €3.5 billion – €4.0 billion.
SAP's increased forecast for FY24 non-IFRS operating profit and free cash flow suggests strong financial performance expectations, likely boosting investor confidence and positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100