SAF Quarterly Financial Report March 31, 2007

– Significant growth of revenues by 35.5 percent to EUR 2.8 mio.
– Net Profit increased by 163.0 percent
– SAF accelerates organizational growth and internationalization
– SAF announces financial guidance for fiscal year 2007

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companies/finances/shares/Quaterly Financial Result

Tägerwilen (euro adhoc) - Taegerwilen/Switzerland, May 25, 2007. SAF
AG, which is listed on the Prime Standard of the Frankfurt Stock
Exchange (ISIN CH0024848738) publishes the figures for the first
quarter 2007 and announces guidance for fiscal year 2007.

Profit rises by 163 percent even in the first quarter

Even in the first quarter, which is traditionally a weak period
throughout the industry, SAF recorded encouraging growth in net
revenues and profit. Revenues increased by 35.5 percent to EUR 2.8
million and consolidated net profit by 163.0 percent to EUR 0.5
million.

Income from license revenues contributed 54.1 percent of total
revenues in the first quarter of this year. The main factor driving
this 28.7 percent increase to EUR 1.5 million was the sale of
licenses to five new customers. As contractually agreed with one of
the new customers, only part of its license fees was recognized in
net revenues in the first quarter.

Maintenance revenues jumped by 96.7 percent to EUR 1.1 million, in
response to successful license business in previous quarters. Income
from the maintenance business accounted for 37.7 percent of total
revenues. Since the license business tends to be seasonally slow in
the software sector in the first quarter, a relatively high
proportion of revenues is attributable to income from maintenance in
this period.

While license revenues grew further, SAF focused on expanding its
organization in the first quarter of 2007. Even so, the Company´s
EBIT rose by 59.3 percent, from EUR 0.27 million to EUR 0.43 million.
The EBIT margin rose by 2.3 percentage points to 15.4 percent. At the
same time, the net profit margin increased by an encouraging 8.6
percentage points to 17.7 percent.

SAF expects revenues to grow by between 36 and 47 percent for the
fiscal year 2007

At this very early stage of the year in the software sector, SAF
expects the following results for fiscal year 2007: "On the basis of
current knowledge, the Company expects revenues to rise to between
EUR 18.5 million and EUR 20 million and consolidated net profit to
increase to between EUR 5 million and EUR 6 million, giving a net
profit margin of 27 to 30 percent," mentioned Dr. Andreas von
Beringe, CEO of SAF. "Furthermore we feel well prepared for the
future - our strengthened sales force as well as new technological
innovations prepare the ground for further growth," adds von Beringe.

end of announcement euro adhoc 25.05.2007 07:25:34
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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: Technologie All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade