SAF Quarterly Financial Report March 31, 2007

– Significant growth of revenues by 35.5 percent to EUR 2.8 mio. – Net Profit increased by 163.0 percent – SAF accelerates organizational growth and internationalization – SAF announces financial guidance for fiscal year 2007

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companies/finances/shares/Quaterly Financial Result

Tägerwilen (euro adhoc) - Taegerwilen/Switzerland, May 25, 2007. SAF AG, which is listed on the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738) publishes the figures for the first quarter 2007 and announces guidance for fiscal year 2007.

Profit rises by 163 percent even in the first quarter

Even in the first quarter, which is traditionally a weak period throughout the industry, SAF recorded encouraging growth in net revenues and profit. Revenues increased by 35.5 percent to EUR 2.8 million and consolidated net profit by 163.0 percent to EUR 0.5 million.

Income from license revenues contributed 54.1 percent of total revenues in the first quarter of this year. The main factor driving this 28.7 percent increase to EUR 1.5 million was the sale of licenses to five new customers. As contractually agreed with one of the new customers, only part of its license fees was recognized in net revenues in the first quarter.

Maintenance revenues jumped by 96.7 percent to EUR 1.1 million, in response to successful license business in previous quarters. Income from the maintenance business accounted for 37.7 percent of total revenues. Since the license business tends to be seasonally slow in the software sector in the first quarter, a relatively high proportion of revenues is attributable to income from maintenance in this period.

While license revenues grew further, SAF focused on expanding its organization in the first quarter of 2007. Even so, the Company´s EBIT rose by 59.3 percent, from EUR 0.27 million to EUR 0.43 million. The EBIT margin rose by 2.3 percentage points to 15.4 percent. At the same time, the net profit margin increased by an encouraging 8.6 percentage points to 17.7 percent.

SAF expects revenues to grow by between 36 and 47 percent for the fiscal year 2007

At this very early stage of the year in the software sector, SAF expects the following results for fiscal year 2007: "On the basis of current knowledge, the Company expects revenues to rise to between EUR 18.5 million and EUR 20 million and consolidated net profit to increase to between EUR 5 million and EUR 6 million, giving a net profit margin of 27 to 30 percent," mentioned Dr. Andreas von Beringe, CEO of SAF. "Furthermore we feel well prepared for the future - our strengthened sales force as well as new technological innovations prepare the ground for further growth," adds von Beringe.

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ots Originaltext: SAF AG
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Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48

Branche: Software
ISIN:      CH0024848738
WKN:        A0JD78
Index:    Technologie All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Börse DĂĽsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: SAF AG

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