SAF cooperates with SystemGroup in Russia
Tägerwilen (euro adhoc) -
SAF expands activities in the fast growing markets
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SAF cooperates with SystemGroup in Russia
- SAF expands activities in Eastern Europe to benefit from market growth - New relationship with SystemGroup in Moscow, Russia - Enlargement of range of offerings of customer-centric retail solutions - SystemGroup and SAF will be present at "Retail in Russia", October 7th, 2008, in Moscow
Tägerwilen, September 4, 2008. SAF AG, a specialist provider of automated ordering and replenishment systems to retailers which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), has made another significant step forward in its direct sales force campaign in Eastern Europe. Following up its recent successes in Poland and the Baltic Region, SAF expands its network into Russia through a relationship with SystemGroup in Moscow, Russia. The market-expert will support SAF in sales and implementation activities for Eastern European customers.
SystemGroup is the fastest growing provider of customer-centric retail solutions in the Russian (CIS / Commonwealth of Independent States) markets with offices in the Ukraine and Russia. A wide range of retailers already benefit from SystemGroup's market-leading solutions for POS, Loss Prevention, Enterprise Resource Planning, Supply Chain Management and Warehouse Management.
SystemGroup is an excellent partner for SAF to further develop its growing customer base especially in Eastern Europe. "Retailers will benefit from the completed offer for the entire demand chain and the exceptional knowledge of retailers processes", said Sergey Khriplivy, CEO SystemGroup Russia describing the advantages of the relationship.
"We are able to expand the product range to the entire demand chain due to the same customer-centric approach of both companies. Retailers recognize the advantages of forecasting and computer generated ordering and are looking for a powerful solution", says Dr. Andreas von Beringe, President and CEO at SAF. "Our automated replenishment systems dramatically reduce ordering and logistic costs and can be used together with SystemGroup's solutions". "Retailers can achieve substantial benefits with this combined solution along the entire supply chain", adds Udo Meyzis, Executive Vice President Sales at SAF. The enlarged offering will be presented at "Retail in Russia" in Moscow, October 7th, 2008.
These retail markets are particularly attractive with enormous business potential. Russia and the Ukraine are number two and five, on the Global Retail Development Index (GRDI) with the largest global turnover increase (+11 percent) over the past five years. Russian grocery retailers are enjoying high double digit (30-80 percent) year-on-year growth.
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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 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.
About SystemGroup With ten years of activity SystemGroup has achieved great success and become a strategic partner of the largest retail groups in Russia and the Ukraine. Information Technology continues to play a very important role in helping retailers to achieve profitable growth. SystemGroup solutions integrate cost- efficient software with predictive technologies, consulting services and the best practices of customers and partners to help retailers create, manage and serve consumer demand. SystemGroup has over 600 employees and is located in Russia, Ukraine, Kazakhstan, Bulgaria, Moldovia.
Contact SAF: SAF Simulation, Analysis and Forecasting AG Astrid Strömer, Vice President, Investor Relations & Corporate Communications High-Tech-Center 2, Bahnstrasse 1 CH-8274 Tägerwilen investorrelations@saf-ag.com
Contact SystemGoup: IDP Ltd. Co, SystemGroup Russia Michael Shurygin, Marketing Director 13A Kolomenskiy proezd, Moscow Russia 115446 E-mail: saf@idproject.ru
Notice This Press Release is digital available at our webpage under www.saf-ag.com. Please click on Press & Events / Press Releases.
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.
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
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