SAP sees FY25 non-IFRS operating profit EUR 10.3B-EUR 10.6B

Sees FY25 free cash flows EUR 8B. Sees FY25 effective tax rate 32%. The company expects current cloud backlog growth to slightly decelerate in 2025. Dominik Asam, CFO said: “We are pleased with the strong close to 2024, where we exceeded our cloud and software revenue, non-IFRS operating profit, and free cash flow outlook. With current cloud backlog growth of 29%, we’ve demonstrated the strength of our strategy and our ability to deliver on our commitments. This progress solidly aligns with the Ambition 2025 we set four years ago and positions us well for continued growth this year and beyond.”