SAP SE ADS (SAP) Q4 2025 Earnings Call

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WEBVTT 00:00:01.094 -- 00:00:06.365 Good morning and thank you very much for joining us today for our Q4 and full year 00:00:06.365 -- 00:00:10.814 results press conference. A warm welcome to everyone here in the room and, of course, 00:00:10.814 -- 00:00:14.341 a warm welcome to everyone joining us virtually. 00:00:14.341 -- 00:00:19.692 As always, Christian, our CEO, and Dominic, our CFO, will share some brief 00:00:19.692 -- 00:00:22.778 remarks and we will then move into the Q&A session. 00:00:22.778 -- 00:00:27.686 Everyone joining online, please feel free to submit questions at any time. 00:00:27.686 -- 00:00:32.434 Maybe one disclaimer as always, unless stated otherwise, all numbers on these calls are 00:00:32.434 -- 00:00:38.204 non-IFRS and growth rates and percentage points changes are non-IFRS 00:00:38.204 -- 00:00:42.431 year on year at constant currencies. And with this, let's not waste any time. 00:00:42.431 -- 00:00:43.822 Over to you, Christian. 00:00:43.822 -- 00:00:48.848 Yeah, thank you, Monika, and welcome everyone here at our headquarter in Waldorf, and 00:00:48.848 -- 00:00:53.974 of course also to those who are joining us virtually from all over the world. 00:00:53.974 -- 00:00:59.341 I have actually, from my remarks, I have two rather big points. 00:00:59.341 -- 00:01:04.086 First, 2025, you have seen the numbers. Let me share also some more background on these 00:01:04.086 -- 00:01:08.572 numbers, and then, of course, also the outlook for 2026 and the years to come. 00:01:08.572 -- 00:01:12.676 And, of course, there I will also double down on the topic of AI. 00:01:12.676 -- 00:01:18.261 Now, Talking about 2025, I mean, first, when you look at the set of numbers, 00:01:18.261 -- 00:01:23.428 I would say I'm very happy with how SAP again once ...