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

Late in March, German software giant SAP caught the world’s attention when it overtook Novo Nordisk and LVMH as the most valuable company in Europe. Ask SAP’s CFO about this novel numerical feat, though, and you’re unlikely to be greeted with much fanfare.

“We might be big in European terms, but frankly, against our most prominent competitors, it’s not the case,” Dominik Asam, CFO of SAP, told Fortune.

Europe’s most valuable company, SAP, barely breaches the top 30 most valuable companies in the world.