SAF announces audited Consolidated Financial Statement 2008

Board of Directors will recommend a dividend of EUR 0.20 as well as a special dividend of EUR 0.60

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Tägerwilen (euro adhoc) - Tägerwilen/Switzerland, March 20, 2009. SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), announces the audited consolidated financial statement 2008. The Board of Directors will recommend to the Annual General Meeting that a special dividend will be distributed.

Since the initial public offering in April 2006 SAF has further strengthened its position in the market for automated replenishment planning - and this despite an increasingly difficult economic environment. Even if the 2008 fiscal year did not deliver the expected jump in revenues (revenues: FY/08: EUR 13.4 Mio.), the Company is operationally equipped for additional growth. As of the end of the fiscal year, cash and cash equivalents (FY/08: EUR 29.4 Mio.) has been further expanded. This resulted, on the one hand, from the proceeds from the initial public offering and, on the other hand, from the operating income generated during past fiscal years.

In light of the uncertain economic conditions, it is currently not possible to make any sound forecasts for fiscal year 2009. From management's point of view, the Company is still firmly positioned, both financially and operationally, with good prospects for growth. This is also to be reflected in the dividend policy. In order to maintain dividend continuity, the Board of Directors will therefore recommend to the Annual General Meeting on June 8, 2009 in Tägerwilen that a dividend of EUR 0.20 (approx: CHF 0.298) per share will be distributed from the profit of SAF Simulation, Analysis and Forecasting AG for fiscal year 2008. Additionally, the Board of Directors will recommend to distribute a special dividend of EUR 0.60 (approx: CHF 0.8934) per share.

"SAF's cash position allows it to distribute a special dividend to shareholders to enable them to participate, in an adequate way, in the success of SAF during the last years", comments Dr. Andreas von Beringe, CEO and President of the Board of Directors at SAF.

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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 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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