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Software AG GB 2012, englisch

VORSTANDSBRIEF Dear Ladies and Gentlemen, Dear Shareholders, 2012 was a successful fiscal year for Software AG. We met our targets—both for revenue, which again surpassed one billion euros, as well as for our EBIT margin. But, above all, 2012 was a year of transformation. We set the strategic course for a new dimension of our Company’s continued growth. Our business performance in the past year demonstrates that we are pursuing the right strategy. Our main growth engine, the innovation-driven Business Process Excellence (BPE) business line, developed excellently, clearly outperforming the market with 13.9 percent product revenue growth. License revenue, which is critical for success in that it is linked to new business, increased 15.5 percent. Enterprise Transaction Systems (ETS)—our traditional database business—also outdid expectations, again proving to be a solid and profitable foundation. The magnitude of our success is reflected by our revenue distribution: We generated 54 percent of total product revenue with our BPE portfolio alone, Software AG’s business of the future. The percentage of product revenue as compared to service revenue also improved. Product revenue plays in important role in our long-term success and contributed almost 70 percent of total Group revenue last year. 9 LETTER FROM THE MANAGEMENT BOARD