EANS-News: SAF AG / SAF increases revenues and profit in the third quarter

Strong performance in the maintenance and services business creates
confidence

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quarterly report/9-month report

Subtitle: Strong performance in the maintenance and services business
creates confidence

Tägerwilen (euro adhoc) - - Licensing revenues of EUR 0.7 million
slightly above previous year´s quarter - Maintenance business
records growth of 15.5 percent in Q3/10 - Net profit of EUR 0.1
million in Q3/10

Tägerwilen/Switzerland, November 12, 2010 SAF AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738), increased revenues by 12.5 percent from EUR 3.1
million in the third quarter of the previous year to EUR 3.5 million
in the third quarter of 2010. This increase was due primarily to the
strong performance of the maintenance and services business, which
contributed a total of EUR 2.8 million. In the first nine months of
the 2010 fiscal year, SAF generated total revenue of EUR 11.5
million, thus nearly reaching the previous year´s revenue of EUR 12.1
million.

At EUR 0.7 million, licensing revenues remained at the previous
year´s level in the third quarter of 2010 (Q3/09: EUR 0.6 million).
However, this figure was well below the figures recorded in the
strong first and second quarters of the current fiscal year. Delays
in negotiating and concluding contracts in the direct sales business
could only partly be offset by the OEM business with SAP. The
increase in revenue was due primarily to the strong performance of
the maintenance and service business. SAF generated EUR 2.3 million
through its maintenance business, an increase of 15.5 percent
(Q3/09: EUR 2.0 million). The service business also showed a similar
positive development year-on-year, generating EUR 0.5 million in
revenue in the third quarter of 2010, representing an increase of
14.7 percent (Q3/09: EUR 0.4 million).

OEM partner SAP made a substantial contribution to SAF´s revenues
with three license sales. The first fruits of our intensive
collaboration with majority shareholder SAP can already be seen. SAF
is increasingly providing support to SAP customers in implementing
the SAP F&R solution, in which SAF technology plays a key role. "Our
main goal is to exploit the synergies and opportunities arising from
our intensified partnership in order to be able to offer our
customers additional competitive advantages from our expanded scope
of services", assesses Udo Meyzis, CEO of SAF AG, the development of
the closer partnership. "Already today, it is clear that both
companies can benefit from the strengths of the other".

Whereas the results of the third quarter of 2009 were greatly
impacted by the one-off expenses amounting to EUR 2.3 million
resulting from the friendly takeover by SAP, no special items were
recorded for the third quarter of 2010. Accordingly, net profit rose
from EUR -2.1 million in 2009 to EUR 0.1 million in the third quarter
of 2010. Based on the solid business performance, SAF is expecting an
overall increase in profit for 2010.

Two members of the Board of Directors, Verlin P. Youd and Volker
Merk, submitted their resignations from the Board of Directors of SAF
at the end of the third quarter of 2010. In response to the
departures from the Board of Directors of SAF of Verlin P. Youd (on
October 1, 2010) and Volker Merk (on October 31, 2010), SAF´s
majority shareholder SAP AG advised SAF to convene an extraordinary
Shareholders´ Meeting to hold new elections. This meeting will take
place on December 7, 2010 in Frankfurt. Details are available at
www.saf- ag.com under the Shareholders' Meeting link in the Investors
section.

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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 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., Irving 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:

Mareike Poit

Tel.: +41 (0) 71666 7955

e-mail: mareike.poit@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