EANS-News: SAF AG
For the second quarter, SAF expects an increase in revenues
of about 60 percent compared with the same time period of last year
Tägerwilen (euro adhoc) -
SAF provides preliminary Q2/09 revenue estimates
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companies/preliminary interim revenues
- Revenues of approximately EUR 4.5 million (Q2/08: EUR 2.8 million) expected for second quarter 2009 - OEM partner sells three licenses - SAF wins two new direct sales customers
Tägerwilen/Switzerland, August 3, 2009. SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), expects - as already achieved in the first quarter 2009 - also for the second quarter 2009 revenues of approx. EUR 4.5 million (Q2/08: EUR 2.8 million), an increase in revenues of approximately 60 percent versus the same period of last year. During the past quarter, three licenses have been sold through the OEM partner, two more than during the second quarter of 2008. Thus, license revenues increased by approximately 150 percent compared to the previous year period.
In addition, maintenance business continues to develop into an important and stable revenue guarantor. For the second quarter 2009, maintenance revenues are expected to total about EUR 2.3 million (Q2/08: EUR 1.5 million) inclusive a one-time effect, and service revenues are expected to reach about EUR 0.4 million (Q2/08: EUR 0.5 million).
"Also in the second quarter we were able to further expand our solid start into the 2009 fiscal year," comments Dr. Andreas von Beringe, CEO at SAF in reviewing expected second quarter 2009 revenues. "In addition to successes in our direct sales business with Douglas and a further customer in the US, more licenses have been sold in the OEM business compared to the previous year period," adds von Beringe. The Company is able to show an increase in revenues also in comparison with the half year revenues 2008, which generates satisfaction with regard to its initial performance in the 2009 fiscal year.
Entire Q2/09 results will be announced at the beginning of calendar week 35.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++ About SAF AG SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction.
SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). Today, the company employs approx. 100 people. Consolidated sales revenues for fiscal year 2008, were approx. 13.4 million EUR with consolidated profit of 2.1 million EUR according to IFRS statements. SAF's products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore-Development.
Forward Looking Statements and Estimates This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and un-certainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2008. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.
end of announcement euro adhoc
Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
astrid.stroemer@saf-ag.com
Branche: Software
ISIN: CH0024848738
WKN: A0JD78
Index: Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade