SAF Announces 2007 Results

Business results in line with expectations

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companies/Consolidated financial results 2007

Tägerwilen (euro adhoc) - - Actual sales revenues of EUR 13.2 million
(4Q 07: EUR 3.9. million) - Actual net profit of EUR 3.0 million (4Q
07: EUR 1.2 million) - Three international contracts concluded via
direct business provide a solid basis for further growth

Tägerwilen/Switzerland, March 12, 2008. SAF AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738) reports the following final results for the total
fiscal year 2007: sales revenues of EUR 13.2 million (4Q 07: EUR 3.9
million) and a net profit of EUR 3.0 million (Q4/07: EUR 1.2
million). SAF´s 2007 business results were in line with the released
guidance (total annual sales revenues: EUR 13.6 million to EUR 15.0
million; net profit: EUR 2.7 million to EUR 3.9 million).

During the reporting period, total sales revenues declined slightly
by 2.6 percent vs. last year with its 84 percent explosion in sales
revenues. This decline in sales revenues was caused by lower than
planned license sales via the OEM partner as well as by a time lag
and shift in realized sales from the direct business into the current
fiscal year. During Q4/07, sales of software licenses via the OEM
partner were in line with the latest expectations and resulted in a
slight increase of 0.9 percent to EUR 3.9 million vs. the same period
last year.

Maintenance revenues increased again remarkably during the reporting
period by 70.8 percent from EUR 2.8 million to EUR 4.8 million
(Q4/07: EUR 1.3 million). Maintenance revenues grew proportionately
with software license revenues and thus track the latter with a time
lag.

Additional employees were hired in order to support the continued
growth of the Company. In doing so, the Company closely monitored the
cost developments. Operating costs, which were primarily driven by
personnel costs, increased by 19.1 percent vs. last year from EUR 9.4
million to EUR 11.1 million (Q4/07: EUR 3.0 million).

This led to a reduction in operating income (EBIT) of 48.4 percent
from EUR 5.0 million in 2006 to EUR 2.6 million in 2007 (4Q 07: EUR
1.2 million). An EBIT margin of 19.4 percent (previous year: 36.6 %;
Q4/07: 30.7%) was reported.

Net profit followed the development of EBIT. Considering the current
favorable corporate taxation situation at the location of the home
office of the Parent Company, an overall effective rate of taxation
of 13.9% was achieved. Net profit for the total fiscal year amounted
to EUR 3.0 million (Q4/07: 1.2 million) vs. a net profit of EUR 4.6
million in the previous year. The net profit margin for the 2007
fiscal year equaled 22.5 percent (Q4/07: 32.0%).

"Our 2007 business results were significantly below our expectations.
The pre-requisites for continued growth have not only been fulfilled
by the contracts concluded at the turn of the year," emphasized SAF
AG CEO, Dr. Andreas von Beringe. "Our starting point for continued
growth is very promising, both in our direct business as well as in
our partner business," 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. 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
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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