EANS-News: SAF AG / SAF records revenue growth of 15.3 percent for the first nine months 2009

Weak license business in Q3/09 and additional costs due to the
takeover affect earnings

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quarterly report

Subtitle: Weak license business in Q3/09 and additional costs due to
the takeover affect earnings

Tägerwilen (euro adhoc) - - Revenues of EUR 3.1 million in Q3/09
(Q3/08: EUR 4.9 Mio.) - License revenues decreased by 77.5 percent
in Q3/09 - Maintenance business increased again by 26.6 percent
within the quarter - Additional costs in the course of the takeover
affect earnings - SAP is major shareholder with approx. 70 percent

Tägerwilen/Switzerland, November 10, 2009. Since September 2009 the
longstanding OEM partner SAP holds approximately 70 percent of SAF´s
share capital, making it the new major shareholder of SAF, which is
listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738). The additional costs in the course of the takeover
affect earnings in the third quarter 2009 but in the first nine
months of the year SAF disclosed a revenue increase of 15.3 percent.

From an earnings standpoint, the licensing business experienced a
disappointing third quarter this year. Licensing revenues were down
by roughly 78 percent as compared to the third quarter 2008, the best
quarter ever. SAF generated a total of EUR 3.1 million in revenues.
Having generated EUR 2.0 million in revenues, the maintenance
business contributed the most to that figure. This segment has
developed into a reliable source of revenues, growing with every new
licensing agreement signed. The fact that SAF is able to cope with
even a weaker quarter becomes evident in light of its performance in
the first nine months of this year. SAF enjoyed good momentum during
that period, and lifted its revenues by 15.3 percent to EUR 12.1
million.

The takeover has also had its effect on earnings for the third
quarter, in which we recorded a sizeable consolidated net loss of EUR
2.1 million. This result was due to non-recurring expenses, primarily
for the recognition of one- off accruals for personnel-related
expenses. In addition to these, there were expenses incurred to
execute the stock option plan, and other expenses in relation to the
takeover. The third-quarter revenues did not compensate for these
non-recurring expenses, which amounted to approximately EUR 2.3
million.

Given the projected revenues from the maintenance and services
business, the Company is confident that in the 2009 fiscal year it
will outstrip the EUR 13.4 million in revenues it generated in 2008,
and continues to grow. "How large the expected jump in revenues will
be, depends mainly on how the licensing business will develop in the
fourth quarter", comments Dr. Andreas von Beringe, CEO at SAF, the
outlook for the fiscal year. It is currently expected that this
additional takeover costs will not be compensated during the running
year and will be reflected in the net profit. Von Beringe adds, "Our
Company is excellently positioned for further growth under SAP´s
aegis. SAP has announced its intention to preserve SAF as an
independent entity. This applies to our products and locations, as
well as our direct sales force, which we have expanded considerably
in recent years."

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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
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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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade