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SAF AG

EANS-News: SAF AG
SAF increases revenues by 61.5 percent and achieves net profit margin of 26 percent for Q1/09

Tägerwilen (euro adhoc) -

Due to strong license sales SAF returns to its accustomed 
profitability
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
- Revenues of EUR 4.5 million (Q1/08: EUR
2.8 million) in Q1/09  - License sales increased by 171 percent  - 
SAF wins Winn-Dixie as direct sales customer  - OEM partner sells 
four licenses  - Operational strength in earnings retrieved
Tägerwilen/Switzerland, May 26, 2009. SAF AG, which is listed in the 
Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), 
reports for the first quarter 2009 revenues of EUR 4.5 million 
(Q1/08: EUR 2.8 million), an increase in revenues of 61.5 percent 
versus the same period of last year. This results mainly from the 
increase in license revenues by 170.8 percent. Both the contract 
conclusion with Winn- Dixie, one of the leading US grocery chains, in
direct sales business and the four licenses sold through the OEM 
partner contributed to this revenue increase.
"SAF got off to a strong start to fiscal year 2009", illustrates Dr. 
Andreas von Beringe CEO of SAF AG the dynamic start into the new 
fiscal year. Not only EBIT increased from EUR -0.3 million to EUR 1.3
million but also consolidated net profit lifted from EUR -0.1 million
to EUR 1.2 million. Thus, the net profit margin resulted in a radical
reversal from -3.1 percent to 26.0 percent. A glance at these 
encouraging financial figures reveals that SAF has returned to its 
accustomed profitability.
SAF has significantly expanded its direct sales activities in recent 
years and, thanks to its practical solutions, the Company holds a 
leading position in forecast-based replenishment planning. SAF 
provides companies the opportunity to use the latest technology to 
position themselves as leaders in the battle for market shares and 
customers.
"We have a strong pipeline of potential new customers and are 
therefore highly confident that sales in fiscal year 2009 will 
outstrip those of 2008", comments von Beringe expectations for the 
current fiscal year. Aside from license sales, a key driving force is
SAF's maintenance business, which has long since evolved into an ever
greater growth engine each quarter. SAF generated EUR 1.7 million 
(Q1/08: EUR 1.5 million) in the first quarter 2009. Every new license
sold also increases maintenance revenue downstream, which can also be
clearly forecasted. "Despite the difficult times we face, we thus 
have good reason to look to the future with cautious optimism", added
von Beringe.
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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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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