Key Investment Indicators

  1. Footprint: Established global player in enterprise software
    • Blue-Chip customer base built for over 50 years
    • Risk-balanced revenue by industry and geography
    • Experienced management team and loyal expert staff

  2. USP: Technology leadership and vendor neutrality
    • Leadership in relevant product categories according to industry analysts
    • Innovator: first Digital Business Platform
    • Neutral vendor to integrate systems from large brands

  3. Financials: Solid profit base and high cash generation
    • Two thirds of license revenue from growing market segments
    • Half of revenue recurring (subscription, maintenance & SaaS)
    • High operating margin (EBITA non-IFRS 2019: 29.2%)
    • Continuous return to shareholders (dividend 2019: €0.76, 2018: €0.71)