SAP Flags Hit from Russia Exit, Revenue Growth Beats Estimates

Jumat, 22 April 2022 | 16:14 WIB
SAP Flags Hit from Russia Exit, Revenue Growth Beats Estimates
[ILUSTRASI. A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralph Orlowski]
Reporter: Thomas Hadiwinata | Editor: Thomas Hadiwinata

KONTAN.CO.ID - STOCKHOLM, April 22 (Reuters) - German business software group SAP on Friday flagged a 300 million euro ($325.3 million) hit to sales from its planned exit from Russia, after strength in its cloud business helped it beat first-quarter revenue estimates.

It said the plans to quit Russia announced earlier this week will have a near 350 million euro impact on annual adjusted profit, and lead to restructuring charges of about 80 million to 100 million euros.

Shares in the company fell 3% in morning trade.

Despite the impact of the Russia closure, SAP affirmed its 2022 forecast for cloud revenue of between 11.55 billion euros and 11.85 billion euros at constant currency rates.

Baca Juga: Australian Lender Westpac Fined A$ 113 Million for Multiple Compliance Breaches

However it also cautioned that other effects of the situation were unknown and could potentially subject its business to "materially adverse consequences" should the situation escalate beyond its current scope.

"The strong cloud momentum supports the confirmed full-year targets despite the headwind of the war in Ukraine... also keeping in mind that 1Q is traditionally the smallest quarter in the year," said Knut Woller, analyst at Baader Helvea.

Adjusted earnings per share were 63 cents, below estimates of 1.07 euros, mainly due to a lower contribution from investments in venture capital firm Sapphire Ventures. That contribution fell 300 million euros from last year.

Baca Juga: Renault Eyes Possible IPO for Separating Its EV Business

Total quarterly revenue rose to 7.08 billion euros at constant currency from 6.35 billion euros. Analysts had expected 6.87 billion euros, a Refinitiv poll showed.

The company's cloud and software revenue climbed 12% to 6.06 billion euros in the first quarter ended March 31.

Current cloud backlog, which measures incoming business, was up 28% at 9.73 billion euros. The war in Ukraine cut the backlog growth at constant currency rates by 0.8 percentage points.

That growth "continues to support our confidence in our long-term plans and outlook for the year", Chief Financial Officer Luka Mucic said in a statement.

Bagikan

Berita Terbaru

Kinerja Erajaya Swasembada (ERAA) Masih Terus Ditopang Produk Premium
| Sabtu, 02 Agustus 2025 | 18:11 WIB

Kinerja Erajaya Swasembada (ERAA) Masih Terus Ditopang Produk Premium

Kinerja PT Erajaya Swasembada Tbk (ERAA) terkerek berkat kehadiran gadget iPhone seri 16 yang masuk ke Indonesia pada April 2025.

Prospek TBIG Masih Datar, Pertumbuhan Bakal Tertahan di Semester II-2025
| Sabtu, 02 Agustus 2025 | 15:00 WIB

Prospek TBIG Masih Datar, Pertumbuhan Bakal Tertahan di Semester II-2025

Pertumbuhan di semester II-2025 dan tahun depan berpotensi melambat karena adanya proses integrasi jaringan XLS dan relokasi situs.

Profit 25,30% Setahun, Harga Emas Antam Hari Ini Terbang Tinggi (2 Agustus 2025)
| Sabtu, 02 Agustus 2025 | 13:24 WIB

Profit 25,30% Setahun, Harga Emas Antam Hari Ini Terbang Tinggi (2 Agustus 2025)

Harga emas batangan Antam 24 karat 1 Agustus 2025 di Logammulia.com Rp 1.948.000 per gram, harga buyback Rp 1.793.000 per gram.

KKR Kembali Dikabarkan Mau Hengkang dari Nippon Indosari Corpindo (ROTI)
| Sabtu, 02 Agustus 2025 | 13:00 WIB

KKR Kembali Dikabarkan Mau Hengkang dari Nippon Indosari Corpindo (ROTI)

ROTI belum menerima informasi mengenai rencana konkret KKR sehubungan dengan rencana divestasi kepemilikan sahamnya di ROTI.

Pemangkasan Tantiem Direksi dan Komisaris Bikin Beban Emiten BUMN Lebih Ringan
| Sabtu, 02 Agustus 2025 | 09:00 WIB

Pemangkasan Tantiem Direksi dan Komisaris Bikin Beban Emiten BUMN Lebih Ringan

Pemangkasan tantiem untuk direksi dan komisaris BUMN bisa berdampak positif ke kinerja keuangan emiten BUMN

Kinerja Emiten Grup Indofood Semakin Yahud
| Sabtu, 02 Agustus 2025 | 08:54 WIB

Kinerja Emiten Grup Indofood Semakin Yahud

INDF mencatatkan kenaikan penjualan neto sebesar 4% menjadi Rp 59,84 triliun per semester I-2025 dibandingkan Rp 57,30 triliun tahun lalu.

Emiten Prajogo Pangestu Mengantongi Cuan Tebal
| Sabtu, 02 Agustus 2025 | 08:51 WIB

Emiten Prajogo Pangestu Mengantongi Cuan Tebal

 Berkat kontribusi anak-anak usahanya, laba bersih BRPT mencapai US$ 539,82 juta, meroket 1.464,89% yoy dari US$ 34,49 juta.

Neraca Dagang Surplus Besar Lagi
| Sabtu, 02 Agustus 2025 | 07:47 WIB

Neraca Dagang Surplus Besar Lagi

Lebih tingginya nilai ekspor dibanding impor membuat neraca perdagangan RI pada Juni 2025 mencetak surplus besar mencapai US$ 4,10 miliar

 Christian Kartawijaya, Direktur Utama INTP : Memilih Instrumen Berisiko Rendah
| Sabtu, 02 Agustus 2025 | 07:44 WIB

Christian Kartawijaya, Direktur Utama INTP : Memilih Instrumen Berisiko Rendah

Menurut dia, investasi itu layaknya menabung untuk menyediakan dana di masa depan dengan cara menunda pengeluaran hari ini.

Inflasi Juli 2025 Tertinggi Dalam Setahun
| Sabtu, 02 Agustus 2025 | 07:41 WIB

Inflasi Juli 2025 Tertinggi Dalam Setahun

Badan Pusat Statistik (BPS) mencatat, inflasi tahunan Juli sebesar 2,37%, tertinggi sejak Juli 2024 lalu.

INDEKS BERITA

Terpopuler