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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
For the year ended December 31, 1999
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)
Neurottstrasse 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 January 7, 2000, (the "Press
Release"), announcing certain preliminary financial information for the year
ended December 31, 1999. The Press Release is attached as Exhibit 99.1 hereto
and incorporated by reference herein.
Any statements contained in the Press Release that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "believe," "estimate," "intend," "may,"
"will," "expect," and "project" and similar expressions as they relate to the
Company are intended to identify such forward-looking statements. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various risks and
uncertainties that could cause actual results to differ materially from
expectations. The factors that could affect the Company's future financial
results are discussed more fully in the Company's filings with the U.S.
Securities and Exchange Commission (the "SEC"), including the Company's Annual
Report on Form 20-F for 1998 filed with the SEC on May 18, 1999. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates.
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EXHIBITS
Exhibit No. Exhibit
- ----------- -------
99.1 Press Release, dated January 7, 2000
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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/ Henning Kagermann
__________________________________
Name: Prof. Dr. Henning Kagermann
Title: Co-Chairman and CEO
By: Dieter Matheis
__________________________________
Name: Dieter Matheis
Title: CFO
Date: January 12, 2000
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EXHIBIT INDEX
Exhibit No. Exhibit
- ----------- -------
99.1 Press Release, dated January 7,
2000
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PRESS INFORMATION [SAP LOGO]
FOR IMMEDIATE RELEASE
Contact: Gundolf Moritz
SAP AG
011-49-6227-74-4872
-or-
James P. Prout
Taylor Rafferty Associates
212-889-4350
STRONGEST FOURTH QUARTER IN SAP HISTORY
WALLDORF, GERMANY - JANUARY 7, 2000 -- SAP AG (NYSE: SAP), the leading provider
of inter-enterprise solutions, today announced that an initial analysis of its
preliminary results show that new software license revenue in the fourth quarter
reached close to Euro 800 million, an increase of approximately 40% compared to
the fourth quarter of 1998, and roughly 150% above the third quarter of 1999.
Total revenues for the fourth quarter of 1999 grew by approximately 25% compared
to the same period in 1998. As a result of strong new software license sales in
the fourth quarter, SAP will achieve its 1999 targeted revenue growth of between
15 and 20%.
The substantial increase in new software license revenues in the fourth quarter,
combined with almost Euro 200 million of income from the sale of a number of
equity investments, resulted in roughly a doubling of fourth quarter pre-tax
profits (excluding the impact of "STARs"), as compared to the same quarter last
year. Fourth quarter pre-tax profits will be significantly higher than the
fourth quarter of 1998, even after considering charges of roughly Euro 120
million in the fourth quarter of 1999 for SAP's "STAR" employee bonus program.
As expected, the fourth quarter was a pivotal one for SAP. As global market
dynamics shifted, the Group aggressively re-deployed its global energies and
resources to achieve a striking turnaround in new software license sales and
record pre-tax profits in the fourth quarter. The successful introduction and
shipping of the mySAP.com products was a major step in the continuing
transformation of SAP into the world's leading inter-enterprise software
solution provider. MySAP.com, SAP's internet-ready solution, with its
"Workplace" and "Marketplace" components enables customers to create a tailored
workplace for users. In addition, the "Marketplace" enables these same customers
as well as non-R/3 customers to create collaborative business communities with
an industry-vertical orientation. By leveraging its pervasive industry expertise
and customer base, mySAP.com makes collaborative e-marketplaces a reality.
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SAP AG will provide more details in its 1999 preliminary results announcement on
January 24, 2000.
Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "believe," "estimate," "intend," "may,"
"will," "expect," and "project" and similar expressions as they relate to the
Company are intended to identify such forward-looking statements. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various risks and
uncertainties that could cause actual results to differ materially from
expectations. The factors that could affect the Company's future financial
results are discussed more fully in the Company's filings with the U.S.
Securities and Exchange Commission (the "SEC"), including the Company's Annual
Report on Form 20-F for 1998 filed with the SEC on May 18, 1999. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates.
SAP AG preference and common shares are listed on the Frankfurt Stock Exchange
as well as a number of other exchanges. In the US, SAP's American Depositary
Receipts (ADRs), each worth one-twelfth of a preference share, trade on the New
York Stock Exchange under the symbol `SAP'. SAP is a component of the DAX, the
index of 30 German blue chip companies.
Information on the SAP AG preference shares is available on Bloomberg under the
symbol SAP3 GR, on Reuters under SAPG_p.F or DE and on Quotron under SAGVD.EU.
Information on the SAP common shares is available on Bloomberg under the symbol
SAP GR, on Reuters under SAPG.F and on Quotron under SAGR.EU. Additional
information is available on SAP AG's home page: http://www.sap.com.
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