Value|German SAP became the most valuable company in Europe as the previous value King Novo Nordisk is painful with its pharmaceutical products.
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German software company SAP became Europe’s most valuable company with a market value of EUR 313 billion.
SAP passed the previous one, Novo Nordisk, a Danish pharmaceutical company, which fell by 2.7 per cent.
Novo Nordisk’s new Cagrisema medicine has not proven to be more effective than its predecessors, which has influenced the company’s share price.
German Software company SAP became the most valuable company in Europe.
Its market value was approximately EUR 313 billion on Monday. Thus, it passed the previous one, Novo Nordisk, a Danish -known Danish.
The market value is generated by multiplying the price of the share by the number of shares.
SAP’s main products are ERP systems, that is, software that brings together corporate accounting, distribution, warehouse management and so on. SAP has made money in a growing cloud business, reported economic media Financial Times.
SAP:n the share was On the Frankfurt Stock Exchange on Monday noon over a percent increase, while Copenhagen listed Novo Nordisk rushed down in a 2.7 % slope.
Known for the pharmaceutical company known for Wegovy and Ozempic, the stock has been roller coaster from the summit of the summer of 2024. The value of the share wings From time to time the research results to be published the effectiveness of drugs.
The most recent downhill is that the new Cagrisema drug has not proven to be more effective than its predecessors. It should enter the market early next year.
However, Novo Nordisk set up expectations too high, which is why investors only expect the company to complete the button, previously reported Reuters news agency.
Novo Nordisk’s Wegovy medicine photographed at the London pharmacy last year.
Euro market From time to time, companies named Asml and LVMH are also seeking number one.
The Dutch ASML manufactures devices that make the semi -management industry microchip. It is Europe’s second largest technology company in the wake of SAP.
The French LVMH, for its part, trades luxury products such as Louis Vuitton’s clothing and bags.
However, the euro companies do not reach the pace of American digital giants: Apple, Microsoft and Nvidia Values are calculated in EUR 2,000-3,000 billion.