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

SAF publishes detailed results for Q3/08 and expects increase of
revenues for fiscal year 2008

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companies/Interim report

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.

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