CFO of SAP, Europe’s most valuable company, hopes trade war is a ‘wake-up call’ for the continent

Quick Summary:

SAP's finance chief, Dominik Asam, hopes tariffs are a "wake-up call" that can kickstart Europe into building more tech giants.

Speaking at the company’s Q1 earnings call on Tuesday, SAP CEO Christian Klein said there had been growing interest from clients in the company’s supply chain management systems, which identify the most competitive suppliers across several sectors.

Asam says SAP is targeting investors across the pond where there are “deeper pockets of capital” but perhaps less awareness of European tech, after arguing “Europe is pretty much maxed out” for valuation growth.

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Article Details

Author / Journalist: Ryan Hogg

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Regulation Editor's Picks German economy Tariffs SAP Chief financial officer (CFO) Value Germany Fortune 500 Europe

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 14:44:55 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 773 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 194 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28194744

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