Credit Suisse: Industry feedback - SAP leads in retail

After an expert interview with retailsolutions, the Swiss bank Credit Suisse left the rating for SAP at "Outperform" with a stock price target of €119.

Michael Niestroy, Managing Partner at retailsolutions UK, believes that the retail industry is a continuing growth market for SAP.

In an interview with Credit Suisse analyst Charles Brennan, he is convinced that lasting customer relationships and the advantages of integrated solutions will support SAP's revenue growth in the medium term.

„Against this backdrop, we found incremental comfort from our industry checks with Retailsolutions. For us it was a reminder that in some sectors like retail, SAP has a dominant market position. While there was no immediate business case for customer to move ECC6 to S/4, this doesn’t mean that customers are doing nothing; in the past year ecommerce and supply chain projects have been prioritized.“, said Charles Brennan.

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