EANS-News: SAF AG / CORRECTION - SAF records revenue growth of 24.0 percent for fiscal year 2009

One-time costs due to takeover by SAP affect net profit

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annual report/Financial results 2009

Subtitle: One-time costs due to takeover by SAP affect net profit

Tägerwilen (euro adhoc) - - Total annual revenue 2009 increased from
EUR 13.4 million to EUR 16.6 million - Total license sales 2009
increased by 36.4 percent - Maintenance business grew by 26.6 percent
in fiscal year 2009 - Additional costs due to takeover affect net
profit - SAP is major shareholder with approx. 70 percent

Tägerwilen/Switzerland, March, 16, 2010. SAF AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738), announced revenues for fiscal year 2009 of EUR 16.6
(FY/08: EUR 13.4 million) as well as a net profit of EUR 0.7 million
(FY/08: EUR 2.1 million). Consolidated net profit fell by 65.7
percent from EUR 2.1 million to EUR 0.7 million due to one-off
expenses of EUR 2.8 million incurred as a result of SAP's acquisition
of SAF.

SAF AG can look back on a year that has been both eventful and
successful. Despite a difficult economic environment faced by the
entire industry, SAF lifted its sales by an encouraging 24.0 percent
to EUR 16.6 million. This growth was buoyed by strong demand for
software licenses, sales of which rose by 36.4 percent to reach EUR
7.0 million as a result. Last year, SAF entered into direct business
agreements amongst others with two top companies - the leading US
supermarket chain Winn-Dixie and the perfumery retailer Douglas. In
addition to these two agreements, SAF sold 12 OEM licenses in the
year under revenue, as compared to 10 in fiscal year 2008.

The maintenance business grew by 26.6 percent, generating EUR 8.0
million in revenues. This area is sure to provide a firm foundation
for the Company's growth in the current year since every software
license sold translates into additional maintenance sales.

Sales fell by 18 percent to EUR 1.6 million in our third business
unit, services, since a number of larger service projects had been
completed by the beginning of the reporting period. Consolidated net
profit fell by 65.7 percent from EUR 2.1 million to EUR 0.7 million
due to one-off expenses of EUR 2.8 million incurred as a result of
SAP's acquisition of SAF.

"Fiscal year 2009 was marked not only by the continuation of our
expansion but also by a key mi-lestone in the Company's history",
comments Dr. Andreas von Beringe, CEO and president of the Board of
Directors the past business year and the friendly takeover by the SAP
Group, which has held approximately 70 percent of SAF's share capital
since the autumn of 2009.

In these times of ever more fierce competition, SAF could not be
better positioned than under the wing of the world's market leader
for standard business software. SAP's global sales network offers SAF
the ideal springboard for further expanding sales of our superior
ordering and forecast-ing systems worldwide. SAP is offering SAF
strong momentum, as it plans to market SAF systems as a component of
SAP's F&R (Forecasting & Replenishment) solution even more
intensively.

SAF will remain an independent and powerful company going forward.
This applies to products, locations and the direct sales business,
which is growing ever stronger. This year, SAF intends to concentrate
in particular on winning over new customers in Europe and the US. The
new face of SAF's Executive Management sends a clear signal as to its
continued independence. "My succes-sor as CEO, Udo Meyzis, comes from
within SAF. This will ensure that SAF's successful strategy remains
on track. Going forward, SAF will continue to operate as an SAP OEM
partner as well as under its own flag on the automated ordering
systems market" explains von Beringe SAF's future and adds: "The
future CTO, Uwe Zachmann, and the new CFO, Philipp Zielke, both come
to us from SAP. SAF will therefore benefit from a close cooperation
with its majority shareholder, in the area of product development as
well as in the area of finance."

SAF's superior expertise as the technological leader for automated
replenishment planning, coupled with SAP's strong market presence,
will open doors to new markets. Going forward, SAF could support
retailers as well as businesses in other sectors in optimizing their
supply chains on the basis of reliable forecasting.

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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 2009, according to IFRS statements, were EUR 16.6 million
with consolidated profit of EUR 0.7 million which were affected by
one-time costs of EUR 2.8 million due to the takeover by SAP. SAP
currently holds approx. 70 percent of SAF´s shares. SAF´s products
are distributed in many European coun-tries 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 2009. 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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade