SAP expects to stick to dividend policy

SAP expects to stick to dividend policy

German business software group SAP expects to stick to its dividend policy even as the coronavirus crisis weighs on its results, its finance chief said on Wednesday.

SAP logo at SAP headquarters in Walldorf
SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/Files

BERLIN: German business software group SAP expects to stick to its dividend policy even as the coronavirus crisis weighs on its results, its finance chief said on Wednesday.

Speaking at the annual general meeting held virtually, Luka Mucic confirmed he expects demand to decline further in the second quarter and then recover.

SAP last month reported a 1per cent gain in quarterly operating profits and cut its forecast for earnings to show an expected decline this year of between 1per cent and 6per cent.

(Reporting by Emma Thomasson; Editing by Michelle Martin)

Source: Reuters

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