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Business results in line with expectations
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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companies/Preliminary 2007 Results
Tägerwilen (euro adhoc) - - Expected sales revenues of EUR 13.2
million (Q4/07: EUR 3.9 million) - Expected consolidated net profit
of EUR 3.0 million (Q4/07: EUR 1.2 million) - Three international
contracts concluded via direct sales provide a solid basis for
further growth
Tägerwilen/Switzerland, March 6, 2008. SAF AG, which is listed in the
Prime Standard of the Frankfurt Stock Exchange(ISIN CH0024848738)
expects - following a preliminary review of its fourth quarter 2007
results - that the total year results will be within the released
guidance range (total annual sales revenues: EUR 13.6 million to EUR
15.0 million; consolidated net profit: EUR 2.7 million to EUR 3.9
million).
Based on the above, the Company currently assumes total sales
revenues for the fiscal year 2007 of ca. EUR 13.2 million (Q4/07: EUR
3.9 million) and consolidated net profit of ca. EUR 3.0 Mio. (Q4/07:
EUR 1.2 million). Following last year´s explosion in sales revenues
of 84 percent, this would correspond to a decline in sales revenues
of 2.6 percent and a reduction in consolidated net profit of 35.3
percent versus last year. Considering these figures, the Company
expects the business results to lie within the range of the adjusted
guidance. During Q4/07, sales of software licenses via the OEM
partner were in-line with the latest expectations.
"Our 2007 business results were significantly below our expectations.
However, nothing has fundamentally changed in the pre-requisites for
continuation of the SAF success story," emphasized SAF AG CEO, Dr.
Andreas von Beringe. "We have set the stage for further business
growth. This applies especially to the expansion of our direct sales
business: At the turn of the year, we concluded two new contracts in
Poland and a contract in the USA with one of the Top Ten retailers
which form an outstanding starting point for the expansion of our
direct sales business," added von Beringe.
SAF will publish detailed figures for the total 2007 fiscal year on
March 12.
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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. 90 people. Consolidated sales revenues for
fiscal year 2006, were approx. 13.6 million EUR with consolidated
profit of 4.6 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 2006. SAF does not plan to update the
forward looking statements, nor does it assume the obligation to do
so.
end of announcement euro adhoc
--------------------------------------------------------------------------------
ots Originaltext: SAF AG
Im Internet recherchierbar: http://www.presseportal.de
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
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