Form 6-K

0001193125-14-008711.txt : 20140113 0001193125-14-008711.hdr.sgml : 20140113 20140113061616 ACCESSION NUMBER: 0001193125-14-008711 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130113 FILED AS OF DATE: 20140113 DATE AS OF CHANGE: 20140113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAP AG CENTRAL INDEX KEY: 0001000184 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: 2M FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14251 FILM NUMBER: 14523139 BUSINESS ADDRESS: STREET 1: DIETMAR-HOPP-ALLEE 16 CITY: WALLDORF STATE: 2M ZIP: 69190 BUSINESS PHONE: 0114962277 MAIL ADDRESS: STREET 1: DIETMAR-HOPP-ALLEE 16 CITY: WALLDORF STATE: 2M ZIP: 69190 FORMER COMPANY: FORMER CONFORMED NAME: SAP AKTIENGESELLSCHAFT SYSTEMS APPLICATIONS PRODUCTS IN DATA DATE OF NAME CHANGE: 19960807 6-K 1 d657065d6k.htm FORM 6-K Form 6-K

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

January 13, 2014

Commission file number:

1-14251

SAP AG

(Exact name of registrant as specified in its charter)

SAP CORPORATION

(Translation of registrant’s name into English)

Dietmar-Hopp-Allee 16

69190 Walldorf

Federal Republic of Germany

(Address of principal executive offices)

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 þ 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 þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

TABLE OF CONTENTS


EXHIBITS			3
SIGNATURES			4
EXHIBIT INDEX			5
Exhibit 99.1

SAP AG

FORM 6-K

On January 10, 2014, SAP AG, a stock corporation organized under the laws of the Federal Republic of Germany (“SAP”), issued a press release (the “Press Release”) announcing SAP’s preliminary financial results for the fourth quarter and full year ended December 31, 2013. The Press Release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

This Press Release discloses certain non-IFRS measures. These measures are not prepared in accordance with IFRS and are therefore considered non-IFRS financial measures. The non-IFRS financial measures that we report should be considered in addition to, and not as substitutes for or superior to, revenue, operating income, cash flows, or other measures of financial performance prepared in accordance with IFRS.

Please refer to Explanations of Non-IFRS Measures online (www.sap.com/investor) for further information regarding the non-IFRS measures.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly 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 SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including SAP’s most recent Annual Report on Form 20-F for 2012 filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

EXHIBITS


Exhibit No.		Exhibit

99.1		Press Release dated January 10, 2014

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 AG
(Registrant)

By:		/s/ Christoph Huetten
		Name: Dr. Christoph Huetten
		Title: Chief Accounting Officer

By:		/s/ Sonja Simon
		Name: Sonja Simon
		Title: Head of Group Accounting and
		Reporting

Date: January 13, 2014

EXHIBIT INDEX


Exhibit No.		Exhibit

99.1		(i) Press Release dated January 10, 2014

EX-99.1 2 d657065dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

LOGO

For Immediate Release

January 10, 2014

Preliminary Fourth Quarter and Full Year Results 2013

SAP Announces Strong Fourth Quarter and Full Year 2013 – Fast Growing Cloud Business and Solid Core Drive Double-Digit Growth in Full Year Non-IFRS Software and Software-Related Service Revenue

•

SSRS Revenue Guidance Achieved, 4th Consecutive Year of Double-Digit Growth: Full Year 2013 Non-IFRS Software and Software-Related Service Revenue Increased 11% at Constant Currencies (6% at Actual Currencies to €14.03 Billion)

•

Cloud Subscription & Support Revenue Guidance Exceeded: Full Year 2013 Non-IFRS Cloud Subscription & Support Revenue Increased 130% at Constant Currencies (121% at Actual Currencies to €758 Million)

•

Strong HANA Performance: Full Year 2013 HANA Software Revenue Increased 69% at Constant Currencies to €664 Million (61% at Actual Currencies to €633 Million compared to Guidance Range of €650 – €700 Million)

•

Operating Profit Guidance Achieved: Full Year 2013 Non-IFRS Operating Profit Increased 13% at Constant Currencies to Approximately €5.9 Billion (Compared to Guidance Range of €5.85 – 5.95 Billion), Resulting in Non-IFRS Operating Margin Expansion of 140 Basis Points at Constant Currencies to 33.4%

WALLDORF, Germany — January 10, 2014 — After an initial review of its fourth quarter 2013 performance, SAP AG (NYSE: SAP) today announced its preliminary financial results for the fourth quarter October 1 – December 31 and full year ended December 31, 2013. All 2013 figures in this release are approximate due to the preliminary nature of the announcement.

SAP delivered strong revenue growth in 2013. Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to €5.3 billion). Non-IFRS software and software-related service revenue grew 11% at constant currencies (6% at actual currencies to €14.0 billion). Non-IFRS total revenue grew 8% at constant currencies (4% at actual currencies to €16.9 billion).

“Four years of double-digit growth clearly shows that our customer-focused innovation strategy is winning. We are one of the few global tech companies that has successfully managed the transition to the cloud while growing our core business and improving our profitability at the same time,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs of SAP. “With the strong momentum of our industry leading HANA platform and SAP Cloud we bring simplicity to our customers and help them innovate faster.”

“SAP invested significantly in innovation and successfully scaled its cloud business while maintaining operational discipline and reaching our 2013 operating profit outlook,” said Werner Brandt, CFO of SAP. “SAP expanded its non-IFRS operating margin by 140 basis points at constant currencies driven by operational excellence despite the margin impact from acquisitions and our momentum in the cloud.”


*SAP Reports Preliminary Fourth Quarter and Full Year 2013 Results*

SAP’s fast-growing cloud business demonstrates the Company’s leadership in the Cloud. SAP’s annual cloud revenue run rate now exceeds €1.06 billion¹. The Company also exceeded its full year 2013 guidance of €750 million (2012: €343 million) in non-IFRS cloud subscription and support revenue at constant currencies.

SAP HANA, the platform for real-time business applications, was a major growth engine in 2013. Full year 2013 HANA software revenue increased 69% at constant currencies to €664 million (61% at actual currencies to €633 million compared to guidance range of €650 – €700 million). Customers are showing strong interest in SAP Business Suite powered by SAP HANA as well as SAP HANA Enterprise Cloud.

The Company will report its preliminary fourth quarter and full year 2013 results on January 21, including the outlook for 2014.

KEY METRICS — Fourth Quarter 2013


	Fourth Quarter 2013¹⁾
	IFRS							Non-IFRS²⁾
€ billion, unless otherwise stated	Q4 2013		Q4 2012		% change			Q4 2013		Q4 2012		% change			% change const. curr.
Software		1.90		1.94		-2	%		1.90		1.94		-2	%		3.5	%
Cloud subscriptions and support (€ million)		209		126		66	%		210		159		32	%		39	%
Software and cloud subscriptions		2.10		2.06		2	%		2.11		2.10		1	%		6	%
Software and software-related service revenue		4.37		4.23		3	%		4.38		4.27		3	%		8	%
Total revenue		5.10		5.02		2	%		5.11		5.06		1	%		6	%
Operating profit		1.80		1.59		13	%		2.09		1.97		6	%		14	%
Operating margin (%)		35.2		31.7		3.5pp			40.9		38.9		2.0pp			2.6pp

1)	All figures are preliminary and unaudited.

2)	For a detailed description of SAP’s non-IFRS measures see Explanation of Non-IFRS Measures online.

¹	The annual revenue run rate is the fourth quarter 2013 cloud division revenue of €266 million multiplied by 4.


*SAP Reports Preliminary Fourth Quarter and Full Year 2013 Results*

KEY METRICS — Full Year 2013


	Full Year 2013¹⁾
	IFRS							Non-IFRS²⁾
€ billion, unless otherwise stated	FY 2013		FY 2012		% change			FY 2013		FY 2012		% change			% change const. curr.
Software		4.51		4.66		-3	%		4.51		4.66		-3%			2%
Cloud subscriptions and support (€ million)		697		270		158	%		758		343		121%			130%
Software and cloud subscriptions		5.21		4.93		6	%		5.27		5.00		5	%		10	%
Software and software-related service revenue		13.94		13.17		6	%		14.03		13.25		6	%		11	%
Total revenue		16.81		16.22		4	%		16.89		16.30		4	%		8	%
Operating profit		4.47		4.07		10	%		5.5		5.21		6	%		13	%
Operating margin (%)		26.6		25.1		1.5pp			32.6		32.0		0.6pp			1.4pp

1)	All figures are preliminary and unaudited.

2)	For a detailed description of SAP’s non-IFRS measures see Explanation of Non-IFRS Measures online.

PERFORMANCE COMPARISON — Full Year 2013 versus SAP Outlook Full Year 2013


	Results FY 2013	Outlook FY 2013
Cloud subscriptions and support (Non-IFRS at constant currencies)	€787 million	Around €750 million
Software and software-related service revenue growth (Non-IFRS at constant currencies)	11%	At least 10%
Operating profit (Non-IFRS at constant currencies)	Approximately €5.9 billion	€5.85 - €5.95 billion

The business outlook was provided on January 23th, 2013, at the time of SAP’s fourth quarter 2012 results announcement. Announcing SAP’s second quarter 2013 results, SAP refined the outlook for non-IFRS software and software-related service revenue at constant currencies. SAP reiterated the outlook on October 21^st, 2013, at the time of SAP’s third quarter 2013 results.

Additional Information

2013 revenue and profit figures include the revenue and profits from Ariba, SuccessFactors and, from August 1 onwards, hybris. The comparative numbers for 2012 do not include SuccessFactors until February 21, 2012, Ariba until October 1, 2012. The hybris acquisition closed on August 1, 2013.

For a more detailed description of all of SAP’s non-IFRS measures and their limitations as well as our constant currency and free cash flow figures see Explanation of Non-IFRS Measures online.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 253,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

# # #


*SAP Reports Preliminary Fourth Quarter and Full Year 2013 Results*

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly 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 SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice.

Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. National product specifications may vary.

These materials are provided by SAP AG and its affiliated companies (“SAP Group”) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG (or an SAP affiliate company) in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, financial community only:

Stefan Gruber +49 (6227) 7-44872 investor@sap.com, CET

For more information, press only:

Christoph Liedtke +49 (6227) 7-50383 christoph.liedtke@sap.com, CET

Daniel Reinhardt +49 (6227) 7-40201 daniel.reinhardt@sap.com, CET

Jim Dever +1 (610) 661-2161 james.dever@sap.com, ET

Claudia Cortes +65 6664-4450 claudia.cortes@sap.com, SGT (GMT +8)

Follow SAP Investor Relations on Twitter at @sapinvestor.

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