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Walldorf (dpa) - Europe's largest software manufacturer SAP today presents its balance sheet for 2020 - the most important figures have long been known.

The most valuable German DAX group in terms of market value had ended a weak year with a decline in sales, also due to poor business in the corona pandemic.

The stock exchange price of the Walldorf-based company collapsed massively in autumn after cashing in on financial and profitability targets and is now far from old highs.

CEO Christian Klein, who is under pressure, wants to answer journalists' questions at a virtual press conference.

The group surprisingly announced the most important annual figures in mid-January in a preliminary publication.

Sales fell year-on-year by 1 percent to 27.34 billion euros.

The fact that net profit still rose by a whopping 57 percent to 5.28 billion euros was mainly due to the crashed stock market price, which required significantly lower expenses for share-based payments than in 2019.

© dpa-infocom, dpa: 210128-99-211714 / 2