Champagne and Injects Loss Out: This is the largest worthwhile company in Europe

Technology and computers are not the first association when you think of the German economy. But SAP, a software giant who employs about 114,000 people around the world, rose from the beginning of the year by 40% and on Monday reached a market value of 314 billion euros. On the same day, at the end of trading in Copenhagen, Novo Nordisk’s share fell by about 1%, and the company’s value was $ 313 billion. In this way, we have elaborated on the top of the table, which have also occurred in the past: Novo Nordisk at its time bypassed the French LVMH LVMH Corporation holding the “housing” fashion house, in alcohol brands and fashion that are a hit among the richest Chinese audience and in Asia.

Led the German market

In fact, the rise in German society is consistent and done over time. Last year, the rise in value was responsible for 40% of the increase in the DAX index, which included the 40 largest German companies. The rise of the index surprised the analysts, due to Germany’s dismal financial situation and the energy crisis she experienced. Despite these, the index soon climbed to 19% last year and in 14% from the beginning of the current year. “The prosperous Dax is a great example of the fact that the country’s stock market and economic performance are not the same,” JP Morgan analysts wrote earlier this year.

One of the main reasons for this gap about Germany is that most of the major companies included in Dax are multinational, and a large part of their sales and income is registered outside Germany, and sometimes outside Europe. In fact, less than a quarter of the 40 companies in the index are registered in Germany itself. The same goes for SAP, as is the largest German car companies that for years were the largest in the index and will export huge quantities of vehicles to Asia. Today, the value of German technological societyAlign is larger than the value of all car companies traded in Frankfurt.

However, according to analysts who cover the stock trading, which consistently pushed the company’s value up is a change in SAP’s business model, towards managing the information services it offers to the cloud companies through appointments, and not by selling software packages. The fact that the software giant is one of the only European people even indirectly related to the field of artificial intelligence has also contributed to an increase in value, reported. The Dutch chip company ASML has also temporarily enjoyed the boom in this area, and it has starred for a moment at the top of the largest European technological companies, but since its stock value has been eroded.

In addition, in recent weeks, SAP has enjoyed a back wind due to the fact that Germany has decided to suspend its debt brake mechanism and establish a half trillion for infrastructure – including digital and technologies – and another half trillion for military arms. The company is also involved in security projects. The top home of the parliament has confirmed the move last weekend, and Germany’s predicted government, which is now being conducted on its establishment, is expected to “open the wallet” unusually. SAP is therefore expected to rake many government budgets in the local market as well. Analysts contract that this year the company will increase its revenue by 12%, the sharp growth rate in the last decade. Its profit this year is expected to be more than € 6 billion, according to expert estimates.

You enjoyed the collapse of competitors

SAP was founded in the 1970s in the Waldorf town of the Baden -Virtmberg District State, by several German technology, IBM’s immigrants, led by Dietmar Hope. Many of its founders have set up technological investment funds that help to foster the German high -tech scene, the smallest is still relative to those of other countries, even in Europe. Hope’s fortune is valued at more than € 8th. The company operates a development center in Israel. It specializes in financial systems, customer management, manufacturing management and computing solutions include medium and above companies.

In the coronation race as the largest company in terms of Europe, SAP mainly enjoys the collapse of its competitors. Danish Nordo Nordisk has lost close to 40% of its past year, and half of the beginning of 2025 only. The Danish company faces a growing competition for the drugs in this sector, and unsuccessful experiments with other drugs that are developed. LVMH, the French Arno family’s luxury products, lost more than a quarter of its past year. Already last year in the Goldman Sachs investment weapon, SAP chose one of the Granolas companies – the European answer to the American “seven -year -old”.

The economic newspapers and media newspapers have celebrated the fact that “Europe’s largest company is German” in the last day. However, the “child” mentioned that it was actually an exception in the market dominated by American companies, both in the field of technology and in other areas. “Only three German companies are in the 100 largest companies in the world,” noted the newspaper (SAP, Siemens and Deutsche Telecom), “in 62 of which are in the US.”

Much of the credit was given to Chrustian CEO Klein, which led a move of streamlining and dismissal about 4,000 employees, along with a focus on cloud services and AI integration in the past year. Klein received a 19 million euro bonus last year, after the stock has risen by 140% since it is appointed.