Company News • 15.11.2010

SAF increases revenues and profit in the third quarter: Strong performance in the maintenance and services business

Maintenance business records growth of 15.5 percent in Q3/10

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.

Supplier
Logo: SAF Simulation, Analysis and Forecasting AG

SAF Simulation, Analysis and Forecasting AG

Bahnstrasse 1
8274 Tägerwilen
Switzerland

related articles:

popular articles:

Thumbnail-Photo: retail trends: focus Retail Technology
12.02.2019   #mobile shopping #digital marketing

retail trends: focus "Retail Technology"

Omnichannel commerce, mobile shopping, seamless checkout – technology trends 2019

Would you like to find out about the latest retail technologies and hold something tangible in your hands at the same time?We'll be happy to send you a copy of our print edition retail trends: with the focus on "Retail Technology" ...

Thumbnail-Photo: Using digital data to drive brick-and-mortar retail success...
31.01.2019   #brick and mortar retail #data analysis

Using digital data to drive brick-and-mortar retail success

Advanced Outlet Analytics

When it comes to using and analyzing relevant data, brick-and-mortar retail lags behind its online competition. While e-commerce retailers use detailed data from web analytics, CRM, and Google searches to analyze user behavior and generate ...

Thumbnail-Photo: 3D shop and customer analysis with artificial intelligence...
04.02.2019   #customer analysis #Trade fair special EuroCIS 2019

3D shop and customer analysis with artificial intelligence

Product innovation at EuroCIS: Intenta S1000 people counter

Intenta presents the new Intenta S1000 people counter at this year’s EuroCIS – a new 3D vision sensor for fully automatic intelligent scene interpretations. This retail specialist tracks precise data for customer statistics thus giving ...

Thumbnail-Photo: Worry-free legal compliance: tips for newcomers to online retail...
18.02.2019   #online trading #e-commerce

Worry-free legal compliance: tips for newcomers to online retail

Interview with Johannes Drijkoningen, Händlerbund e.V. (German online trade association)

It is imperative for all online retailers to be legally compliant. We talked to Johannes Drijkoningen, Association Advisor at the Händlerbund e.V. about support, relevant information and unfounded fear of digitization. ...

Thumbnail-Photo: LANCOM Systems expands its solution portfolio with a range of powerful...
19.03.2019   #security #software developement

LANCOM Systems expands its solution portfolio with a range of powerful firewalls

Machine learning protects against viruses and malware

German network infrastructure supplier LANCOM is expanding its range of solutions with a full lineup of firewalls for small and medium-sized enterprises. The LANCOM R&S®Unified Firewalls are powerful solutions for effective cybersecurity: ...

Thumbnail-Photo: Posiflex: interactive self-service kiosk systems for the POS...
21.02.2019   #kiosk terminals #self service terminals

Posiflex: interactive self-service kiosk systems for the POS

Going through changes and coming out stronger - Posiflex aquisitions

Thumbnail-Photo: Robots in retail: producer and salesperson all-in-one at the fully...
15.03.2019   #artificial intelligence #personalization

Robots in retail: producer and salesperson all-in-one at the fully automated kiosk

Interview with Matthias Krinke, Managing Director of pi4_robotics GmbH

At Berlin’s shopping mall Bikini Berlin, we meet the robot “Gisela”. The robot’s designer Matthias Krinke sat down with us and explained what she can do and revealed what the retail industry can expect from her and her ...

Thumbnail-Photo: First-hand packaging technology
01.02.2019   #event #packaging

First-hand packaging technology

LogiMAT 2019 in Stuttgart

In response to new regulations, packaging industry exhibitors at the 17th LogiMAT are showcasing new developments and innovations in machine technology, methods for reducing the use of traditional materials, and brand-new materials.As people become ...

Thumbnail-Photo: ISE 2019 to showcase the finest in international AV...
29.11.2018   #event

ISE 2019 to showcase the finest in international AV

All the connections you need at the world’s largest systems integration exhibition

The 2019 edition of Integrated Systems Europe is set to be the largest in the show’s history, with more exhibitors, more floor space, more visitors and more events than ever before. ISE 2019 takes place at the RAI Amsterdam from Tuesday 5 ...

Thumbnail-Photo: Toshiba spotlights new innovations for empowering retail...
21.01.2019   #mobile payment #payment systems

Toshiba spotlights new innovations for empowering retail

Showcasing its latest solutions, services and innovative concepts at hall 9 booth B42

Visitors to EuroCIS 2019 will learn at Toshiba's booth how every retailer can design his checkout to suit his and the customers' needs. Under the motto "Empowering the Art of Retail", Toshiba will present its end-to-end IT ...

Supplier

POSIFLEX GmbH
POSIFLEX GmbH
Flinger Broich 203
40235 Düsseldorf
EUROEXPO Messe- und Kongress-GmbH
EUROEXPO Messe- und Kongress-GmbH
Joseph-Dollinger-Bogen 9
80807 München
CCV Deutschland GmbH
CCV Deutschland GmbH
Gewerbering 1
84072 Au i.d.Hallertau
Intenta GmbH
Intenta GmbH
Ahornstraße 55
09112 Chemnitz
iXtenso - Magazin für den Einzelhandel
iXtenso - Magazin für den Einzelhandel
Celsiusstraße 43
53125 Bonn
SES-imagotag Deutschland GmbH
SES-imagotag Deutschland GmbH
Bundesstraße 16
77955 Ettenheim
Allgeier Enterprise Services
Allgeier Enterprise Services
Westerbachstr. 32
61476 Kronberg im Taunus
Elo Touch Solutions NV
Elo Touch Solutions NV
Kolonel Begaultlaan 1C11
3012 Leuven
MobiMedia AG
MobiMedia AG
Rottpark 24
84347 Pfarrkirchen
APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven