In view of these effects, the Sartorius Group now expects that sales revenue in constant currencies
will increase by approx.
Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies
(5% at actual currencies to EUR5.
Sartorius expects sales to grow between 6% and 8% in constant currencies
for both divisions and thus for the entire Group in the current year.
Price increases together with tight cost control contributed to an increase of EBITDA in constant currencies
of eight percent to 218 million [euro], with an EBITDA margin of 14.
Q4 GAAP total revenue up 10% and non-GAAP up 12%, both in constant currencies
For the full year, non-IFRS cloud and software revenue grew by 20% or 12% at constant currencies
and exceeded the outlook of 8% 10% growth at constant currencies
In addition, the company provided outlook for the second half of 2011 of organic growth at the top end of the 5% to 6% range, combined with a margin increase in constant currencies
GAAP software revenue up 19% in constant currencies
; non-GAAP software revenue up 17% in constant currencies
Year-to-date non-IFRS software and software-related service revenue is up 8% at constant currencies
at the high end of our full-year outlook range.
With non-IFRS cloud subscriptions and support revenue increasing 39% at constant currencies
(32% at actual currencies) SAP is the fastest growing enterprise cloud company at scale.
Fast Cloud Growth Ahead of Annual Outlook Growth Range: Non-IFRS Cloud Subscriptions and Support Revenue Increased 38% at Constant Currencies
(32% at Actual Currencies)
As a result of positive developments during the second half year, the company expects 2004 underlying(1) cash earnings per share (CEPS) growth at the top end of the 7-9% range in constant currencies
, even including the negative impact of both the Directories group divestiture (approximately EUR 8 million) and the partial relocation of the Haarlem headquarters to New York (approximately EUR 8 million), which were not part of the August guidance.