SAF announces strongest quarter in terms of revenue in corporate history
Tägerwilen (euro adhoc) -
SAF publishes indicative results for third quarter 2008
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companies/Indicative Q3/08 results
- Quarterly revenues of EUR 4.9 million (Q3/08: EUR 3.2 million) - Net profit for the quarter of approx. EUR 1.7 million expected (Q3/07: EUR 0.6 million) - Sale of licenses via OEM partner accelerates
SAF AG, listed in the Prime Standard (ISIN CH0024848738), shows a turnover in the third quarter of 2008 of EUR 4.9 million (Q3/07: EUR 3.2 million) and achieves the best quarterly revenues of its corporate history.
Third quarter revenues from license sales showed EUR 2.8 million (Q3/07: EUR 1.6 million) mainly originating from seven contracts concluded by the OEM partner. The revenue from maintenance contracts subsequent to the sales of licenses that added up to a volume of EUR 1.6 million (Q3/07: EUR 1.2 million) by the third quarter of 2008 is a stable source of turnover. An amount of EUR 0.5 million (Q3/07: EUR 0.3 million) was recorded as revenue from services.
Based on a first analysis of the preliminary results for the third quarter of 2008, the company expects net profit to be substantially positive at approx. EUR 1.7 million (Q3/07: EUR 0.6 million).
The company is still expecting revenues to grow in 2008. "The achieved sales and profit for the first three quarters of 2008 and a renewed check of the factors influencing the sales makes me optimistic", explains Dr. Andreas von Beringe, CEO of SAF AG, the prospects. "Not only has our OEM partner confirmed the outlook for the second half of 2008 with the current number of licenses sold, but the expected increase in the revenue from licenses from the direct, the maintenance and the service business also backs our estimations." However, von Beringe also points out: "Even if the SAF technology enables retailers to substantially reduce costs and increase turnover it still remains open to what extent the economic crisis expected by many and the associated plunge in capital expenditure may affect the further development of SAF's business." Nevertheless, the company does not see any such signs at the moment.
SAF will publish its detailed figures for the third quarter of 2008 on November 25, 2008.
********************************************************************* ********** 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 uncertainties 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 2007. 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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade