Chancellor Olaf Schultz (SPD) described software group SAP as the most successful German software company and “the symbol of the German digital economy” at a 50-year celebration in Mannheim. The German economy is currently undergoing its largest restructuring since the start of industrialization. “The ecological and digital dual transformation,” Schultz said. According to Schulz, the shift towards a digital and climate-neutral economy is both a challenge and a solution to current problems.
No one-sided dependencies – not even with technology
Regarding energy dependence on Russia, Schultz said it is important for companies and countries to always remember in the future that there will be no unilateral dependencies. This also applies to customers, supply chains, and technology efficiencies.
The reason for the visit is the celebrations around the fiftieth anniversary of the founding of the DAX Group. In 1972, five former IBM employees laid the foundation for the current global company, including former SAP CEOs Dietmar Hopp and Hasso Plattner. In 2021, SAP generated sales of approximately €28 billion and profit after tax of approximately €5.4 billion.
At the end of last year, SAP employed more than 107,000 people worldwide. The company recently reported a decline in profits despite sales growth in the second quarter: the shift from software licenses to the cloud business area and the withdrawal from Ukraine and Russia have affected the group recently.
(i)
“Certified tv guru. Reader. Professional writer. Avid introvert. Extreme pop culture buff.”
More Stories
H145 with five-blade rotor put into service / Christoph 100 to start with new technology in future
5G technology only from 2026 – Allgemeine Zeitung
Climate Policy: Technology Alone Won't Save Us