-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VzKOwb4IH3Wqf/93SgAYjMynxcXGZGoHRHpLCm5NBQ970BLKKisF+T7xhV+D0jtG G641Gr1nW6cnOwvukwt8XQ== 0000893220-99-000008.txt : 19990111 0000893220-99-000008.hdr.sgml : 19990111 ACCESSION NUMBER: 0000893220-99-000008 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAP AKTIENGESELLSCHAFT SYSTEMS APPLICATIONS PRODUCTS IN DATA CENTRAL INDEX KEY: 0001000184 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: I8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 001-14251 FILM NUMBER: 99503294 BUSINESS ADDRESS: STREET 1: NEUROTTSTRABE 16 STREET 2: WALLDORF, FEDERAL REPUBLIC OF GERMAN CITY: NEW YORK STATE: NY ZIP: 69190 BUSINESS PHONE: 0114962277 MAIL ADDRESS: STREET 1: NEUROTTSTRASSE 16 CITY: WALLDORF D 69190 STATE: I8 6-K 1 FORM 6-K FOR SAP AG 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended December 31, 1998 SAP AKTIENGESELLSCHAFT SYSTEME, ANWENDUNGEN, PRODUKTE IN DER DATENVERARBEITUNG (Exact name of registrant as specified in its charter) SAP CORPORATION SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (Translation of registrant's name into English) Neurottstrasse 16 69190 Walldorf Federal Republic of Germany (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ] Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______. 2 SAP AKTIENGESELLSCHAFT SYSTEME, ANWENDUNGEN, PRODUKTE IN DER DATENVERARBEITUNG FORM 6-K SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der Datenverarbeitung, a stock corporation organized under the laws of the Federal Republic of Germany (the "Company"), issued a press release dated January 5, 1999 (the "Press Release") announcing certain preliminary results for the year ended December 31, 1998. The Press Release is attached as Exhibit 99.1 hereto and is incorporated by reference herein. Any statements contained in the Press Release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect" and "project," as they relate to the Company, are intended to identify such forward-looking statements. The Company undertakes no obligation publicly to update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the Company's future financial results are discussed more fully in the Company's most recently filed Form 20-F and Form F-1, as filed with the Securities and Exchange Commission on June 22, 1998. 1 3 Exhibits Exhibit No. Exhibit - ----------- ------- 99.1 Press Release, dated January 5, 1999 2 4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SAP AKTIENGESELLSCHAFT SYSTEME, ANWENDUNGEN, PRODUKTE IN DER DATENVERARBEITUNG (Registrant) By: /s/ Prof. Dr. Henning Kagermann -------------------------------------- Name: Prof. Dr. Henning Kagermann Title: Co-Chairman and CEO By: /s/ Michael Junge -------------------------------------- Name: Michael Junge Title: Head of Legal Department Date: January 8, 1999 3 5 Exhibit Index Exhibit No. Exhibit - ----------- ------- 99.1 Press Release, dated January 5, 1999 EX-99.1 2 PRESS RELEASE DATED JANUARY 5, 1999 1 EXHIBIT 99.1 Press Information FOR IMMEDIATE RELEASE Contact: Kevin S. McKay SAP America 610-355-4060 -or- Michael Pfister SAP AG 011-49-6227-74-1758 -or- James P. Prout Taylor Rafferty Associates 212-889-4350 SAP PRE-ANNOUNCES REVENUE AND PRE-TAX PROFIT FIGURES FOR 1998 WALLDORF, Germany -- January 5, 1999 -- SAG AG (NYSE: SAP), the world's leading provider of client/server business applications, today pre-announced a strong increase in 1998 revenues. Preliminary figures indicate that revenues for the year grew close to 40% to DM 8.4 billion, after reflecting a 4% negative currency effect. The Group's extraordinarily strong growth was led by key markets in America, where revenue rose 50%, and Europe where revenue rose 40%. Pre-tax results for the year were, however, below expectations rising 15% (excluding the effects of the employee-incentive program, STAR), due mainly to a continued decline in the Group's Japanese activities, that unexpectedly accelerated in the fourth quarter of 1998. Fourth quarter pre-tax profits were negatively affected by a software revenue shortfall of approximately DM 200 million in Japan. As a result of the decreased activity levels and more protracted market stagnation, SAP has begun the reorganization of its Japanese business. In addition, pre-tax results were also adversely affected by roughly DM 40 million, as the Company adopted the conservative cash basis method of accounting for Russia because of the economic situation in that country. In SAP's other markets, business interest and activity continued to develop very positively. New product initiatives commenced in 1997 were bolstered by substantially increased research and development spending in 1998. This industry-focused product development and field expansion of 1 2 both the direct as well as the Value Added Reseller program provides a strong foundation for continued business growth. The Group also made considerable longer-term investment in its overall workforce, hiring around 6,500 new employees world-wide in 1998. This increase will enable the Group to reach its goal of doubling its revenue over the next three year period. SAP's Board, after considering possible currency fluctuations and the global economy overall, expects 1999 revenues to increase roughly between 20 and 25%, with a pre-tax profit margin improving slightly over 1998. SAP complete year-end figures will be issued on January 26. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "expect" and "project" as they relate to the company are intended to identify such forward-looking statements. The company undertakes no obligation publicly to update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future financial results are discussed more fully in the company's most recently filed Form 20-F and Form F-1 as filed with the Securities and Exchange Commission on June 24, 1998. SAP AG preference and common shares are listed on the Frankfurt Stock Exchange as well as a number of other exchanges. In the US, SAP's American Depositary Receipts (ADRs), each worth one-twelfth of a preference share, trade on the New York Stock Exchange under the symbol "SAP". SAP is a component of the DAX, the index of 30 German blue chip companies. Information on the SAP AG preference shares is available on Bloomberg under the symbol SAP3 GR, on Reuters under SAPG_p.F or DE and on Quotron under SAGVD.EU. Information on the SAP common shares is available on Bloomberg under the symbol SAP GR, on Reuters under SAPG.F and on Quotron under SAGR.EU. Additional information is available on SAP AG's home page: http://www.sap.com. # # # 2 -----END PRIVACY-ENHANCED MESSAGE-----