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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: JULY 13, 1998
SAP AKTIENGESELLSCHAFT
SYSTEME, ANWENDUNGEN, PRODUKTE IN DER
DATENVERARBEITUNG
(Exact name of registrant as specified in its charter)
SAP CORPORATION
SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING
(Translation of registrant's name into English)
NeurottstraBe 16
69190 Walldorf
Federal Republic of Germany
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_______.
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SAP AKTIENGESELLSCHAFT
Systeme, Anwendungen, Produkte in der Datenverarbeitung
FORM 6-K
SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der
Datenverarbeitung, a stock corporation organized under the laws of the Federal
Republic of Germany (the "Company"), issued a press release dated July 10, 1998
(the "Press Release") announcing certain preliminary financial information for
the first half of 1998. The Press Release is attached as Exhibit 99.1 hereto
and is incorporated by reference herein.
The Press Release includes information which constitutes forward-looking
information within the meaning of the Private Securities Litigation Reform Act
of 1995, and is subject to the safe harbor created by that Act. Actual results
may differ materially from the information discussed in these forward-looking
statements. Certain of the factors that could cause actual results, performance
or achievement to differ materially from those described or implied in the
forward-looking statements are described under the heading "Risk Factors" in the
Company's Registration Statement on Form F-1 (Registration No. 333-57383) filed
with the United States Securities and Exchange Commission.
Exhibits
Exhibit No. Exhibit
- ----------- -------
99.1 Press Release, dated
July 10, 1998
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Exhibit Index
Exhibit No. Exhibit
- ----------- -------
99.1 Press Release, dated
July 10, 1998
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EXHIBIT 99.1
[SAP Letterhead]
FOR IMMEDIATE RELEASE
Contact: Kevin S. McKay
SAP America
610-355-4060
-or-
Michael Pfister
SAP AG
011-49-6227-74-1758
-or-
James P. Prout
Taylor Rafferty Associates
212-889-4350
STRONG FIRST HALF GROWTH FOR SAP
Walldorf, Germany, July 10, 1998 -- SAP AG, the world's leading provider of
client/server business applications, today announced continued strong growth in
the first half of 1998. Preliminary figures indicate that revenues for the half
were higher than expected, growing by roughly 60%. The Group's commitment to
strengthening its market leadership and growth prospects by adding new employees
led to about a 66% increase in costs, with pre-tax profits rising about 40%.
Excluding the first time effect of provisions for the Group's recently announced
employee incentive plan ("STAR"), pre-tax profits would have risen about 46%.
For the full year, the Group is maintaining its expectation that pre-tax profits
will rise between 30-35%, excluding the effect of the STAR program.
The slowdown in Asia had a stronger than expected effect on performance in the
second quarter. Revenues for the Asia Pacific region in the second quarter were
below last year's level due mainly to exchange rate movements, and to downsizing
in investments and software implementation projects in the region, including
Japan.
SAP will release its full results for the first half of 1998 on July 20, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SAP AKTIENGESELLSCHAFT SYSTEME,
ANWENDUNGEN, PRODUKTE IN DER
DATENVERARBEITUNG
(Registrant)
By: /s/ PROF. DR. HENNING KAGERMANN
-----------------------------------
Name: Prof. Dr. Henning Kagermann
Title: Co-Speaker of the Executive
Board
By: /s/ MICHAEL JUNGE
-----------------------------------
Name: Michael Junge
Title: Head of Legal Department
Date: July 13, 1998
