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SAP Updates its Full-Year 2017 Effective Tax Rate Outlook to Reflect One-Time Tax Benefit

WALLDORF, Germany, Dec. 15, 2017 /PRNewswire/ -- SAP SE (SAP) today updated its effective tax rate outlook for the full year 2017.

SAP Logo. (PRNewsFoto/SAP AG)

In SAP's third quarter 2017 earnings announcement, the Company disclosed that it expects in the fourth quarter a benefit from a one-time tax effect relating to an intra-group transfer of intellectual property rights to SAP SE. SAP committed to update its effective tax rate outlook once the effect is quantifiable. SAP has now quantified its estimate of the benefit and updates its effective tax rate outlook as follows to reflect this one-time benefit.

Considering the estimated one-time benefit and updated expectations for the full year, SAP now expects a full-year 2017 effective tax rate (IFRS) of 23.0% to 24.0% (previous outlook: below 26.0% to 27.0%) and a full-year 2017 effective tax rate (non-IFRS) of 25.0% to 26.0% (previous outlook: below 27.0% to 28.0%).

This outlook does not consider any impact from a potential U.S. tax reform.

About SAP

As market leader in enterprise application software, SAP (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 365,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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.

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For more information, financial community only:

Stefan Gruber

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



For more information, press only:

Rajiv Sekhri

+49 (6227) 7-74871 rajiv.sekhri@sap.com, CET

 

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