SAF Announces Q2/2008 Results

SAF expects growth in revenues for the entire fiscal year 2008

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companies/half Year Financial report 2008

Tägerwilen (euro adhoc) - - Quarterly revenues of EUR 2.8 million (2Q/07: EUR 3.3 million) - Quarterly net profit of EUR -0.3 million (2Q/07: EUR 0.6 million) - Growth in revenues expected for the entire fiscal year 2008

Tägerwilen/Switzerland, August 27, 2008. SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738) reports for the second quarter of 2008 revenues of EUR 2.8 million (2Q/07: EUR 3.3 million) and a net profit of EUR -0.3 million (2Q/07: EUR -0.3 million). The Company expects growth in revenues for the current fiscal year.

Development of the license business was restrained and contributed EUR 0.7 million to revenues in the second quarter of 2008. Compared to prior-year quarter`s EUR 1.9 million, this corresponds to a decrease of 61.1 percent. SAF generated revenues of EUR 1.7 million from the sale of software licenses during the first half of 2008 (H1/07: EUR 3.4 million) - a drop of 50.8 percent. These revenues resulted from agreements with two new customers in the second quarter. The OEM partner`s unsatisfactory sales performance, which did not meet the jointly stipulated planning, was decisive for the decrease. In addition, the increase in revenues from the direct business as well as the encouraging growth in both maintenance with EUR 1.5 Mio. (Q2/07: EUR 1.2 Mio.) and services with EUR 0.5 Mio. (Q2/07: EUR 0.3 Mio.) were not yet able to compensate for the decrease at the time.

SAF posted a consolidated net loss of EUR 0.3 million in the second quarter of 2008, compared to a net profit of EUR 0.6 million in the prior-year period.  SAF posted a net profit of minus EUR 0.3 million in the first six months in the fiscal year, compared to EUR 1.1 million in net profit in the prior-year period. A decrease in license sales caused the decline in earnings. In addition, there was a slight increase in operating costs due to investments in additional growth.

Looking at the entire 2008 fiscal year, SAF expects a revenue increase. "This forecast is based on several factors", explains Dr. Andreas von Beringe, CEO at SAF AG. "Our OEM partner has given us an appropriate outlook regarding the annual revenue expected from the SAP F&R system that is decisive for us. In addition, the sales campaigns we launched will incrementally increase revenues from SAF`s own license sales." Besides von Beringe adds, "Furthermore, we have built up significant, continually growing maintenance revenues in the previous years. SAF`s services are rising, following increased customer demand for analysis and implementation services." So based on the contractually-ensured, long-term close cooperation with its OEM partner, and its step-by-step strengthening of the direct business, SAF sees prospects for further improving its position in the growing market for forecasting and replenishment software.

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 2007, were approx. 13.2 million EUR with consolidated profit of 3.0 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.

Notice The entire Interim Report as of August 30, 2008 as well as financial key figures will be available from August 27 onwards at SAF´S webpage at "Investors-> Reports & Presentations": 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 Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: SAF AG

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