1、|The software works the way I do|Annual Report 1998!GB 98 lagebericht e 220399 23.03.1999 15:34 Uhr Seite 1Selected Financial Highlights|2|Selected Financial Highlights|(in millions of DM,unless otherwise inidicated)(in millions of EUR)199419951996199719981998Sales revenues1,831.12,696.43,722.26,017
2、.58,465.34,328.2thereof product revenues as a%71.271.970.768.162.1average per employee(in thousands of DM/EUR)414419455521489250Employee at year-end5,2296,8579,20212,85619,308Personnel expenses675.2956.71,338.52,074.93,043.61,556.1as a%of sales revenues36.935.536.034.536.0Research and development ex
3、penses369.6438.2505.5701.81,121.7573.5as a%of sales revenues20.216.313.611.713.3Net income281.2404.8567.5925.41,052.3538.1as a%of sales revenues15.415.015.215.412.4Income according to DVFA/SG3)280.3403.3566.2923.01,049.3536.5Cash flow according to DVFA/SG3)386.5559.0782.71,230.11,337.7683.9as a%of s
4、ales revenues21.120.721.020.415.8Shareholders equity1,236.21,529.52,211.33,062.43,756.41,920.6(in DM)(in EUR)Earnings per share acc.to DVFA/SG3)2.773.985.478.8510.045.13Dividends per ordinary share0.851.301.802.801.57Dividends per preference share0.901.351.852.851.601)1996 includes a 25th anniversar
5、y bonus of DM 0.50 per ordinary and preference share2)1998 proposed dividend3)German Association For Financial Analysts and Investment Consultants|1)1)2)2)!GB 98 lagebericht e 220399 23.03.1999 15:34 Uhr Seite 2Profile|3SAP has more than 25 years experience in developingforward-looking information m
6、anagement software so-lutions in continuous dialog with its customers,who arecompanies and organizations of all sizes and in all sec-tors.Starting from raw data and facts,SAPs productsand services create information that supports strategicaction for business success.The Company orients itsefforts st