WALLDORF, Germany, Dec. 15, 2017 /PRNewswire/ -- SAP SE (NYSE: SAP)
today updated its effective tax rate outlook for the full year
2017.
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 (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 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.
© 2017 SAP SE. All rights reserved.
No part of this publication may be reproduced or transmitted in
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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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SOURCE SAP SE