SAP SE (BUE:SAP)

ARS 44550 3525 (8.59%) Market Cap: 279.70 Til Enterprise Value: 278.46 Til PE Ratio: 98.21 PB Ratio: 6.37 GF Score: 63/100

SAP SE Annual Shareholders Meeting Transcript

May 20, 2020 / 08:00AM GMT

Release Date Price: ARS4562.5

Transcript

Friederike Rotsch

SAP SE - Independent Member of Supervisory Board

Good morning, ladies and gentlemen. I'm pleased to declare this year's Annual General Meeting of Shareholders of SAP as open. Welcome.

The Annual General Meeting of Shareholders is taking place under unusual conditions this year because the COVID-19 pandemic has made it impossible for us to hold the meeting in our customary manner. For this reason, we decided to make use of the legislation enacted by the German government in response to the coronavirus crisis and to the wide-ranging restrictions on gatherings of all kinds, and to hold today's Annual General Meeting of Shareholders virtually.

In contrast to previous years and to what we had planned for this year, we therefore welcome you not to the SAP Arena in Mannheim, Germany, but to a purely virtual meeting taking place at SAP Group headquarters in Walldorf, Germany without the physical presence of our shareholders.

This was not a decision we took lightly because we know that you, our shareholders, greatly appreciate the dialogue you have with us, the

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