EANS-News: SAF AG
For the first quarter, SAF expects an increase in revenues
of about 60 percent compared with the same time period of last year
Tägerwilen (euro adhoc) -
SAF provides preliminary Q1/09 revenue estimates - Revenues of approximately EUR 4.5 million (Q1/08: EUR 2.8 million) expected for first quarter 2009 - SAF wins new direct sales customer - OEM partner sells four licenses - SAF expects additional short-term success in its direct business
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
companies/revenues Q1/09
Tägerwilen/Switzerland, April 29, 2009. SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), expects first quarter 2009 revenues of approx. EUR 4.5 million (Q1/08: EUR 2.8 million), an increase in revenues of about 60 percent versus the same period of last year. During the past quarter, the contract conclusion with a leading US grocer in direct sales business as well as the four licenses sold through the OEM partner - two more than during the first quarter of 2008 - contributed to the significant revenue increase. Thus, license revenues increased by approximately 170 percent compared to the previous year period.
In addition, SAF profits from its steadily growing maintenance business that has developed into an important and stable revenue guarantor. For the first quarter of 2009, maintenance revenues are expected to total about EUR 1.7 million (Q1/08: EUR 1.5 million), and service revenues are expected to reach about EUR 0.2 million (Q1/08: EUR 0.4 million).
"Increased revenues from the maintenance business as well as license sales achieved through our direct sales business as well as from our OEM partner have given us a solid start into the 2009 fiscal year," comments Dr. Andreas von Beringe, SAF AG CEO in reviewing expected first quarter 2009 revenues. "Short- term, we expect to conclude an additional contract in our direct business, so we can be satisfied with our initial performance in the 2009 fiscal year," adds von Beringe. Even though the contract signings will have a time-delayed impact due to the overall economic environment, SAF confirms that it is able to further develop its business, even during periods of difficult economic conditions.
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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 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 2008. 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