SAF Announces Q1/2008 Results

Revenues at previous year’s level and increased costs – Revenues of EUR 2.8 million (1Q/07: EUR 2.9. million) – Net profit of TEUR -0.1 (1Q/07: TEUR 0.5) – Growth spurt expected from direct sales and OEM partnership for 2008

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companies/Interim report

Tägerwilen (euro adhoc) - Tägerwilen/Switzerland, May 27 2008. SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738) reports for the first quarter of 2008 - which is traditionally weak in the software industry - revenues of EUR 2.8 million (1Q/07: EUR 2.9 million) and a net profit of TEUR -0.1 (1Q/07: TEUR 0.5). The Company expects a growth spurt for the current fiscal year. The decisive factor for the slight decline of revenues of 0.8 percent were somewhat weaker license sales of EUR 0.9 million (1Q/07: EUR 1.5 million) which were offset by a significant increase in the maintenance business to EUR 1.5 million (1Q/07: EUR 1.1 million) and services business to EUR 0.4 million (1Q/07: EUR 0.2 million). The continued expansion of our organization resulted in an increase in costs, which translated into a slightly negative net profit of EUR -0.1 million in the first quarter 2008 as compared to a net profit of EUR 0.5 million in the first quarter 2007. The planned increase in personnel costs, which illustrates our strong commitment to future growth, was a decisive factor. Operating costs increased by 22.7 percent versus the reference period to EUR 3.1 million (1Q/07: EUR 2.5 million). The necessary investments in staff have put SAF in a good position to master future expansion. "With interest in our direct business continually on the rise and the continuation of our OEM partnership until 2013, we see good prospects for a growth spurt, particularly in the second half of the current fiscal year" explains Dr. Andreas von Beringe, SAF´s CEO and President. A strong team, first-class products and ever-increasing demand for SAF´s sophisticated forecasting and ordering systems serve as the backbone of that growth.

+++++ Notice The entire Interim Report as of March 31, 2008 as well as financial key figures will be available from May 27 onwards at SAF´S webpage at "Investors": or by phone: +41 (0)71 666 79 48

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.

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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:    Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse DĂĽsseldorf / free trade
              Börse MĂĽnchen / free trade

Weitere Meldungen: SAF AG

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