SAP, Europe's most valuable publicly traded group, has warned that trade tensions are affecting customer decisions in the US, with delays in transactions, especially in the public and industrial sectors. Chief Financial Officer Dominik Asam said the US-Japan agreement on tariffs brings a ray of hope, but political uncertainty persists. The company reported revenue of €9.03 billion up but below market expectations, and currency fluctuations hurt results. SAP shares fell 3.5%.
Sources
Latest News
15:33
Donald Trump's war against Iran has caused a financial crisis in the American navy.
15:32
A Romanian dealer was kidnapped and tortured by drug traffickers in Spain, after losing 500 kg of cocaine.
15:27
The Ministry of Foreign Affairs informs Romanian citizens about the orange fire risk code in the Valencian Autonomous Community
15:27
Mohsen Rezaei, the new head of Iran's National Security Council, threatened that he would send Benjamin Netanyahu, the Prime Minister of Israel, to hell
15:25
The Belgian Foreign Minister summoned the US ambassador, Bill White, after a controversial Instagram post that mocked the Minister of Health.
See more news