Wind is back in SAF's sails - SAF announces net profit of EUR 2.1 Mio. for Q3/08

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Tägerwilen (euro adhoc) - - Quarterly revenues of EUR 4.9 million (Q3/07: EUR
3.2 million)
- Net profit for the quarter of EUR 2.1 million (Q3/07: EUR 0.6 million)
- Sale of licenses via OEM partner accelerates

Tägerwilen/Switzerland, November 25, 2008.
SAF AG, listed in the Prime Standard (ISIN CH0024848738), announces detailed
financial figures and confirms the most successful quarter in the Company's
history to date. At EUR 4.9 million, SAF recorded its highest-ever quarterly
revenues. The strong demand for our ordering and forecasting software lifted
SAF's net profit from EUR 0.6 million in the third quarter of 2007 to EUR 2.1
million in the present quarter, generating a net profit margin of 41.7 percent.
For fiscal year 2008 the Company expects growth in revenues.

While all business segments contributed to this growth, the license business
was the driving force, amounting to EUR 2.8 million (Q3/07: EUR 1.6 million).
The OEM partner played a key role in this development by attracting seven new
customers. Earning revenues of EUR 1.6 million, maintenance business also
generated encouraging growth, rising 26.2 percent over the figure for Q3 2007.
It has been experiencing dynamic growth for years. License sales lead to
additional maintenance revenues down the line. This segment has therefore long
served as a reliable and stable growth driver. Analysis and implementation
services also produced gratifying results. Thanks to the accelerated expansion
of SAF's direct business, these services generated EUR 0.5 million in the third
quarter of the year, representing an 86.1 percent increase over the same period
last year.

Costs increased moderately. SAF hired new development, sales and service
specialists as part of its efforts to increase its direct business. On the
other hand, SAF lowered costs by shifting certain aspects of development to its
Slovakian subsidiary SAF Slovakia s.r.o. (Bratislava), and by establishing
development teams there. SAF is highly disciplined in budgeting its costs and
is capable of reacting to changing market conditions with a great degree of
flexibility.

In particular, there were two key factors influencing the strong demand for
software licenses in the third quarter explains Dr. Andreas von Beringe, CEO of
SAF AG: "The trend towards considerably greater demand in the second half of the
year than in the first dominating the software market for years and the SAP F&R
release upgrade to the new Version 5.0."

By and large, the Company expects to increase its revenues in fiscal year 2008.
"The third quarter has given us further reason for optimism" comments von
Beringe. At present, it is not possible to foresee whether and to what extent
the looming economic crisis will impact the further business development of
SAF. "However, it is a matter of fact" adds von Beringe "that for retailers SAF
technology provides rapid returns, significantly reducing costs while
increasing revenues. Its effect on earnings is positive even in difficult
times."

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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. with the focus on
Nearshore-Development.

Notice
The entire Interim Report as of September 30, 2008 will be available from
November 25 onwards at SAF'S webpage at "Investors-> Reports & Presentations":
www.saf-ag.com or by phone: +41 (0)71 666 79 48

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.

Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
[email protected]

end of announcement euro adhoc
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emitter: SAF AG
High-Tech-Center 2 / Bahnstrasse 1
CH-8274 Tägerwilen
phone: +41 (0)71 666 79 48
FAX: +41 (0)71 666 79 40
mail: [email protected]
WWW: http://www.saf-ag.com
sector: Software
ISIN: CH0024848738
indexes: Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse München
language: English

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