Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Software AG GB 2013. englisch

GroupManagementReport Forecast Economic conditions in the next two fiscal years Future overall economic situation The global economic outlook got brighter in late 2013/early 2014. Economists at the Institute for the World Economy (IfW) expect the global economy to grow by 3.7 percent in 2014, which is significantly higher than in 2013 (+2.9 per- cent). They predict that growth in 2015 will rise to 4 percent. The eurozone was predicted to grow comparatively slow, but restructuring measures are beginning to take hold. The measures are still putting a squeeze on domestic demand, especially in crisis-ridden countries. And in other countries as well, confidence among companies and private individ- uals is low. Market analysts assume that the economy is improving gradually—even in weak countries. According to the IfW, overall economic growth in the eurozone is expect- ed to be 0.9 percent in 2014 and 1.6 percent in 2015. The institute expects slower economic growth in emerg- ing economies. Economists forecast that the GDP in coun- tries such as China will continue to drop slightly in 2014 and 2015. Our forecast depends on a number of factors, including U.S. monetary policy. If the gradual departure from the excess of liquidity is not successful, financial markets will experi- ence turmoil. The dispute between institutions and politi- cians on the debt ceiling—and the potential insolvency of the U.S. government—is apparently settled for the time being. In mid-February 2014 the U.S. Senate imposed a credit limit on itself until March 2015. The high level of debt of individual countries in the eurozone could also be cause for alarm. The banking sector is still dealing with its own troubles. In the event of increased uncertainty, investing, and therefore also economic growth, would be negatively affected. Future sector situation The IT market is likely to experience faster growth in 2014. Market analyst firm Gartner anticipates that global IT spend- ing will rise 3.1 percent to total approximately $3.8 trillion in 2013. According to their projection, the market segments in which Software AG operates should perform above aver- age. The enterprise software market segment is expected to expand 6.8 percent to $320 billion; the IT services seg- ment should see growth of 4.5 percent to $963 billion. According to the German Association of Information, Tele- communications and New Media (BITKOM), in October 2013 EITO calculated that the German ICT market will grow 1.7 percent to total €143.0 billion in 2014. Of that amount, €19 billion will be for software (+5.1 percent) and €36.8 bil- lion for IT services (+3.2 percent). BITKOM’s economic index rose in early 2014 from 55 to 67 points; software and IT service companies in particular assume that growth will continue. The Group’s focus Planned changes in business policy Software AG will maintain its strategy of becoming the glob- al market leader in the BPE field. To achieve that, the Com- pany will continue selling innovative products that play a key role in customers leveraging their growth potential. Our core BPE markets of integration, Business Process Manage- ment, IT management and big data management as well as visualization are all high-growth markets that help our customers become Digital Enterprises faster and more effi- ciently. These are good preexisting conditions for dynamic expansion. Software AG therefore expects the BPE business line to out- perform global economic growth and the overall IT sector again in 2014. Thanks to our technology leadership, we are optimistic that we will achieve our targets for 2014 under the assumption that the global economy and the IT sector develop according to current expectations. 121 Corporate Governance Report of the Supervisory Board Consolidated Financial Statements Notes Additional Information Group Management Report Business and General Conditions Economic Report Events after the Balance Sheet Date Risk and Opportunity Report Remuneration Report Forecast Takeover-Related Disclosures Statement on Corporate Governance