SAP tilts

It was a good tradition that the SAP CEO delivered a speech on the first day of the DSAG annual congress. In the first year of his tenure, ex-CEO Jim Hagemann Snabe still spoke in English - it was the time of the SAP dual leadership together with the American Bill McDermott. At the end of his talk, Snabe announced to enthusiastic applause that he wanted to learn German and would then give his keynote next year in the native language of the delegates and visitors. That's how it was. There is no such respect for DSAG members anymore.

It is not known why Christian Klein, as SAP CEO, is shying away from Leipzig. Malicious rumors claim that he will not be SAP CEO for much longer and that he has already stepped down. The fact is that SAP is on the brink of collapse, as Jürgen Röder, financial editor at Handelsblatt since 2001, writes. Besides analytical financial reports, his second favorite topic is wine, which he regularly reports on in his Handelsblatt column "Jürgens Weinlese" (Jürgen's Wine Harvest).

Jürgen Röder published the following about SAP this week: "The long-term price picture for the Dax heavyweight is very explosive. The SAP share is currently focused on the important support zone around 95 euros, which was not undercut even during the Corona crash in mid-March. Today, Wednesday, the share is trading at 85.35 euros, down 0.2 percent. If the stock does not soon recover above 95 euros, SAP's entire upward trend of the past twenty years threatens to topple."

It is not a pretty picture for Professor Hasso Plattner when, in the fiftieth year of existence, the realization must mature that the past twenty years have been a misguided development. This means that not only Bill McDermott's reign, but also Hana, S/4 and Christian Klein have to be written off. Because SAP CFO Luka Mucic was not allowed to lead and save the ERP group, there will also be a new CFO from the beginning of the new year: Dominik Asam comes from Airbus, where he was also CFO. He has had a very interesting and successful career and will join SAP with a lot of experience. It would hardly be surprising if Professor Hasso Plattner were to appoint him as the new CEO in a fly-by-night move, because Christian Klein has other career plans - similar to Luka Mucic.

What will then happen to the share price is uncertain: optimists will see the price rise well above 100 euros, pessimists will see the price plummet to well below 85 euros. SAP tilts - either positively or negatively.