SAP overtakes Novo Nordisk as the most valuable company in Europe

The SAP share $SAP (+0,9 %) shares are currently showing an impressive upward trend. In an exciting race, the technology group from Walldorf has overtaken Novo Nordisk $NOVO B (-1,36 %) and thus secured the title of the most valuable company in Europe. With a market capitalization of 314 billion euros, SAP has overtaken the Danish company, whose value has fallen to around 310 billion euros. This remarkable change is the result of a successful recovery in SAP shares, which have benefited greatly from the company's innovative cloud strategy. This strategy marks a turning point: instead of just selling software licenses, SAP now offers a form of rental via the cloud that is more flexible and appealing to customers. In addition, the boom in the field of artificial intelligence has significantly supported the positive development. In contrast, Novo Nordisk shares have suffered a dramatic fall of almost 50% since their record high last June, due to increasing competition in the lucrative field of weight loss drugs.

Trump threatens new tariffs on oil from Russia

President Trump is causing a stir in the US by announcing a series of tariffs that could have a fundamental impact on trade. On Wednesday, he unveiled the introduction of 25% tariffs on all foreign vehicles, to come into force from April 2. Trump referred to this day as "Liberation Day" and hinted that other trade agreements could also be on the brink. Particularly alarming is his threat to impose 25% tariffs on oil and gas from Venezuela, which could not only strain US trade relations with several countries but also destabilize global energy markets. The EU has already responded with countermeasures to the previously introduced tariffs on steel and aluminum. Trump emphasizes that the tariffs should be fair and pleasant for other countries, but at the same time he hints that higher tariffs are on the cards if other countries try to harm the US economically.

Sources:

https://www.n-tv.de/wirtschaft/SAP-ist-jetzt-Europas-wertvollstes-Unternehmen-article25651782.html

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-threatens-oil-tariffs-on-russia-scholz-says-eu-prepared-to-respond-to-steel-aluminum-levies-191201517.html

- 14 positive surprises

- Three negative surprises

- Dividend increases

- Dividend decreases

- Overview of all DAX stocks

Link:

https://shorturl.at/Tdnfw

$ALV (+0,98 %)
$MUV2 (+0,6 %)
$RHM (+2,05 %)
$MBG (-0,74 %)
$SAP (+0,9 %)
$BMW (-0,35 %)
$AIR (+2,69 %)
$VOW (+0,16 %)
$DBK (+1,1 %)
$CBK (+6,65 %)
$SIE (+1,04 %)
$P911 (-0,98 %)
$DTE (+0,32 %)
$IFX (+0,02 %)

$SAP (+0,9 %)

In Europe, Tesla $TSLA (+4 %) is currently struggling with a significant decline in its sales figures. According to a report by the European Automobile Manufacturers Association Acea, new registrations of the electric car manufacturer fell by an impressive 49 percent in the first two months of 2025 compared to the previous year. This means that Tesla now only has a market share of around 1.1 percent in the European Union. Fewer than 20,000 vehicles have been sold since the beginning of the year - a development known as the "Elon effect", which impressively shows how much pressure the brand has come under in Europe. The reasons for this decline are manifold: from intense competition and regulatory challenges to changing consumer behavior. It remains to be seen how Tesla will respond to these challenges and whether a turnaround is in sight.

In the meantime, SAP has $SAP (+0,9 %) has recently undergone an astonishing development and established itself as Europe's most valuable company, overtaking Novo Nordisk $NOVO B (-1,36 %) overtaking Novo Nordisk. The rise in SAP shares is the result of a successful recovery, aided by the continued weakness of Novo Nordisk. SAP is benefiting in particular from its cloud strategy, which aims to comprehensively transform its business model towards cloud-based rental. Rising demand for AI software has also contributed to the positive performance of the shares. This combination of strategic changes and adaptation to market needs has catapulted SAP to the top of the market capitalization in Europe. It is impressive to see how the company is consolidating its position with innovative approaches and a clear focus on future technologies.

Sources:

https://www.spiegel.de/wirtschaft/unternehmen/acea-tesla-verkaeufe-in-europa-seit-jahresbeginn-um-fast-die-haelfte-geschrumpft-a-a80c4c28-673e-4e8e-a23b-73c625a062f6

https://www.spiegel.de/wirtschaft/sap-ist-jetzt-europas-wertvollster-konzern-ueberholt-novo-nordisk-a-0d46788b-6169-4327-8b95-5289ef82521e

+42% for $SAP (+0,9 %)

Trade is now hedged with an SL shortly after entry, so losing money would no longer be possible (unless we open on a day with a large downward gap)

Almost three-quarters of all DAX and MDAX companies pay out dividends in May.

Dividend calendar with payday and expected yield:

This year's dividend champion is likely to be $RTLL (+0,07 %) - RTL Group. Shareholders can expect a yield of around 8%. However, this is only half as high as three years ago.

Deutsche Telekom is now increasingly seen as a dividend pearl. $DTE (+0,32 %) - Deutsche Telekom is increasingly seen as a dividend pearl. This year's dividend is EUR 0.90, i.e. an increase of 17% on the previous year, with a yield of around 2.7%.

Other reliable payers are $SIE (+1,04 %) - Siemens and $SAP (+0,9 %) - SAP.

One of the most reliable payers of all is $MUV2 (+0,6 %) - Munich Re. There has never been a dividend shortfall since 1960 and the amount paid per share has increased sixteen-fold since the beginning of the millennium.

There are also some attractive dividend payers in Europe, such as $ENI (+1,48 %) - ENI and $ISP (+1,3 %) - Intensa and $BNP (+1,5 %) - BNP.

Source (excerpt) / graphics: WELT

Long on $SAP (+0,9 %)

CRV of 2

Would be around €5 in the bill

In January I decided to set up a dividend portfolio for myself. I immediately used the setback in February to end my one-year "test phase" as a stock market novice and start my long-term plan. In addition to two dividend-paying ETFs for retirement provision $XDWL (+0,65 %) & $XSX7 (+0,52 %) I want to build up a strong portfolio through stable dividend stocks, regular purchases and reinvestment of dividends.

I would like to take you with me on my journey and now share regular updates on the development of my portfolio.

You can find my goals and how I want to achieve them in my first post → My path to financial freedom: I'm building a dividend portfolio - goals & strategy 📈💰

(https://getqu.in/T7yDJe/)

📊 My current dividend portfolio (sorted by market capitalization):

1️⃣ $SAP (+0,9 %) - Europe's largest software group with a stable dividend policy

2️⃣ $BAC (-0,27 %) - One of the largest US banks with a solid payout

3️⃣ $AXP (+0,53 %) - Strong brand with long-term potential

4️⃣ $ALV (+0,98 %) - High dividend yield & strong financials

5️⃣ $DB1 (+0,99 %) - Benefits from rising trading volumes

6️⃣ $BATS (+0,28 %) - High dividend yield & stable cash flow

7️⃣ $MO (-1,7 %) - Continuous dividend increases, but regulatory risks

8️⃣ $O (-1,38 %) - The famous "Monthly Dividend Company" REIT

9️⃣ $INGA (+0,34 %) - European bank with attractive dividend yield

I start my journey with these 9 stocks. All of them convince me and are stable stocks. I'm not doing anything here for no reason. That's why there's a good reason for every stock I buy.

If you would like to know why I chose one of the stocks, let's discuss it in the comments. I look forward to the exchange! 😊

I wish you a good start to the weekend!

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#FinanzielleFreiheit
#Investieren
#Börse
#Dividenden
#PassivesEinkommen
#Aktien

Run on defense stocks also drives up SFC Energy + Fed presents economic forecast this week + SAP has introduced a controversial new performance evaluation system

The US Federal Reserve will present new economic forecasts this week that will show how central bankers view the impact of Trump's policies on the economy. Leading
economists have lowered their growth expectations for this year, estimate a higher risk of recession and expect higher inflation as a result of the Trump administration's new import tariffs.

Run on defense stocks also drives SFC Energy $F3C (+3,33 %)high

• SFC Energy shares, which are included in the SDax, have recently joined the ranks of the defense stocks favored on the stock market.
• Its fuel cells are also used for military purposes.
• Among other things, the company advertises that its "tactical applications" are "militarily hardened for field use".
• After gaining 11.6 percent on Friday, the share price rose sharply by a further 13 percent to 24 euros on Monday.
• The shares reached a high since May last year.
• Analyst Nicole Winter from Berenberg Bank pointed out last week that SFC Energy generates around 7.5 percent of its sales in the defense business.
• In addition, the company had established a foothold in the USA last year in order to drive forward the defense business there as well.
• Analyst Karsten von Blumenthal from investment firm First Berlin sees SFC Energy as a beneficiary of a fundamentally new geopolitical situation:
• "The changed security situation of the European NATO states should result in significantly higher defense spending in Europe."
• Last year, the defense and public safety segment was already the growth driver for SFC Energy with an increase of 60 percent.
• This also applies to the USA, where SFC Energy has a "traditionally strong position" in the oil and gas, mining and defense and security markets.
• Meanwhile, any import duties could accelerate the company's efforts to build up production in the USA.
• The expert sees upside potential for the shares of up to 31 euros, which would be almost 30 percent of the current price.

SAP $SAP (+0,9 %)has introduced a controversial new performance evaluation system

• According to information from Handelsblatt, since the beginning of March, managers at the Group have been asked to classify their team members into three performance categories.
• In addition to the content of their work, in future they will also have to take into account "professional standards", such as how they interact with colleagues.
• The software manufacturer confirmed to Handelsblatt on Monday that "performance management" had recently been introduced in the parent company SE and the international subsidiaries following a pilot project with managers last year.
• "The final steps are still being taken in the national company in Germany."(FAZ)

Tuesday: Stock market dates, economic data, quarterly figures

• Quarterly figures / company dates USA / Asia
• 14:30 The Mosaic Analyst Day
• 16:30 Qualcomm AGM
• 22:00 Adobe Summit 2025 Investor Meeting

• Quarterly figures / Company dates Europe
• 07:00 Fraport | Springer Nature annual results
• 07:45 Eni preliminary annual results
• 09:00 Audi AG annual results
• 10:30 Fraport BI-PK
• 14:00 Fraport Analyst Conference
• 15:00 A.P. Moller-Maersk AGM
• No time specified: Continental Annual Report

• Economic data

08:00 DE: Building permits January

10:00 DE: Bundestag, special session on the second and third reading of the financial packages and on the amendment of the Basic Law

11:00 DE: ZEW Economic Sentiment Index March FORECAST: 45.0 points previously: 26.0 points Economic situation FORECAST: -82.0 points previously: -88.5 points

11:00 EU: Trade Balance January

13:30 US: Housing Starts/Permits February Housing Starts FORECAST: +1.0% yoy previous: -9.8% yoy Building Permits FORECAST: -2.2% yoy previous: +0.1% yoy

13:30 US: Import and Export Prices February Import Prices PROGNOSE: -0.3% yoy previous: +0.3% yoy

14:15 US: Industrial Production and Capacity Utilization February Industrial Production PROGNOSE: +0.3% yoy previous: +0.5% yoy Capacity utilization PROGNOSE: 77.9 previous: 77.8%

No time given: DE: Federal Chancellor Scholz, meeting with French President Macron

At 53 billion euros, the 40 DAX companies are likely to pay out almost one billion euros more this year than a year ago - more than ever before.

The reason for the strong development is high consolidated profits and unexpectedly rising dividends at a good dozen companies, including $ALV (+0,98 %) Allianz, $MUV2 (+0,6 %) Munich Re and $RHM (+2,05 %) Rheinmetall.

At 109 billion euros net profit, the DAX companies are likely to have earned as much in 2024 as in the previous year, according to Handelsblatt calculations. Slump in earnings for the three car manufacturers $BMW (-0,35 %) BMW, $MBG (-0,74 %) Mercedes and $VOW (+0,16 %) VW will be offset by companies in other sectors, in particular the major insurers Allianz, Munich Re and $HNR1 (+0,83 %) Hannover Re, but also $DTE (+0,32 %) Deutsche Telekom, $HEN (-0,37 %) Henkel and $EOAN (+0,9 %) Eon.

More than a dozen DAX companies have announced higher dividends than the market had previously expected. For example $ALV (+0,98 %) 15.40 euros per share after 13.80 euros in the previous year. Analysts had forecast just under 15 euros. The insurer is thus distributing just under six billion euros. This is a record in the German corporate landscape.

The biggest jump is at $MUV2 (+0,6 %) Munich Re: The reinsurer is increasing its dividend by five euros per share to 20 euros.

The two healthcare specialists $FRE (+0,2 %) Fresenius and $FME (-0,33 %) Fresenius Medical Care, the brand manufacturer $HEN (-0,37 %) Henkel, the automotive supplier $BTR Continental, the $CBK (+6,65 %) Commerzbank, $RHM (+2,05 %) Rheinmetall and $HNR1 (+0,83 %) Hannover Re have raised their dividends, in some cases significantly more than expected. This is also due to rising profits, which justify a higher profit share for shareholders.

The largest dividend payers in the DAX are

• $ALV (+0,98 %)
• 
  $DTE (+0,32 %)
• 
  $MBG (-0,74 %)
• 
  $SIE (+1,04 %)
• 
  $VOW (+0,16 %)

Like the car manufacturers, a number of companies in the DAX remain below the usual international payout ratios, including the family-run groups $BEI (-0,71 %) Beiersdorf and $MRK (-1,07 %) Merck. They pass on less than 30 percent of their profits. This leaves enough of a buffer so that dividends do not have to be reduced immediately in more difficult times.

Germany's most valuable group, $SAP (+0,9 %) SAP, with a payout ratio of 85%, is pushing the limit: net profit of 3.1 billion euros in the past year compares with a total dividend payout of 2.7 billion euros. However, the profit was burdened by a one-off effect.

So far, a total of 20 companies have increased their dividends, with only $BAS (+1,14 %) BASF and the three car manufacturers. Four companies have yet to do so: $RWE (+2,1 %) RWE, $SY1 (+0,4 %) Symrise and $VNA (+1,3 %) Vonovia are likely to increase their dividends, while analysts expect $PAH3 (-0,78 %) analysts expect a reduction at Porsche Holding.

Source (excerpt) & chart: Handelsblatt, 15.03.25