Company News • 19.08.2011

With a solid project pipeline, SAF well positioned for second half of 2011 fiscal year

Maintenance and service business continues strong growth

  • Service business records 50.9 percent growth to EUR 0.7 million in Q2/11
  • Total revenue in second quarter EUR 3.7 million.
  • At EUR 0.7 million, licensing revenue below expectations

The Prime Standard-listed SAF AG (ISIN CH0024848738) posted total revenues of EUR 3.7 million in the second quarter of 2011 (Q2/10: EUR 4.4 million). With revenues at EUR 0.7 million, the licensing business was down by 57.5 percent compared with the second quarter of 2010 (Q2/11: EUR 1.7 million). The maintenance and service business continued its encouraging growth trend throughout the second quarter. The maintenance business grew quarter-on-quarter by 3.0 percent to EUR 2.3 million. The service business developed excellently, growing by 50.9 percent to EUR 0.7 million (Q2/10: EUR 0.5 million). In addition to the solid service business with the OEM partner SAP, SAF's direct consulting, analysis and implementation projects also contributed to this excellent performance.

The decline in revenues only was partially offset by a 3.9 percent year-on-year reduction in operating expenses to EUR 3.5 million in the second quarter. Consolidated net profit thus fell to EUR 0.4 million (Q2/10: EUR 1.0 million). SAF recorded a 15.8 percent decline in revenue to EUR 6.8 million for the first half of 2011, breaking even with a consolidated net profit of EUR 0.0 million.

SAF entered into a strategic partnership with the Barcelona-based solutions provider Supply Nexus during the second quarter, enabling it to expand its distribution and partnership network and to position itself for success on the Iberian Peninsula. Projects involving Coop and the Dutch supermarket chain Jan Linders are progressing as planned.

"SAF's solutions provide retailers with significant verifiable cost reductions and decisive competitive advantages along the entire value chain," said Udo Meyzis, CEO of SAF AG. "Thanks to future investments in enhanced software solutions for automated replenishment and the synergies achieved through the close partnership with SAP, SAF is in an optimal position to assist its customers in mastering the challenges of their ordering process. SAF's solid project pipeline lays the foundation for growth in licensing revenue in the coming quarters."

 

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: Toshiba bolsters point-of-sale performance with latest Intel technology...
21.01.2020   #pos marketing #self-checkout systems

Toshiba bolsters point-of-sale performance with latest Intel technology

9th generation Intel® Core™ processor enhances retailer operations and customer experience

Toshiba Global Commerce Solutions continues to empower retailers and enhance the customer experience by integrating Intel’s latest processor technology within its global point-of-sale (POS) systems. The 9th Generation Intel® Core™ ...

Thumbnail-Photo: Compact for security
17.01.2020   #security #shopfitting

Compact for security

A new security antenna system specifically designed for convenience stores

Retail security systems to prevent theft are a big concern for retailers. Large supermarkets and clothing stores install EAS antennas at the entrance and/or exit areas. Installing this type of feature proves more challenging for stores with a ...

Thumbnail-Photo: Light up the future with Posiflex at EuroShop 2020...
11.02.2020   #kiosk terminals #Trade fair special EuroShop 2020

Light up the future with Posiflex at EuroShop 2020

Serviced IoT solutions: personalized, flexible and connected

The Posiflex Group, a synergy of world-leading POS, kiosk, and industrial computing technologies — will bring its Serviced IoT solutions to EuroShop 2020, the leading Europe trade fair for the retail industry, from February 16th – 20th ...

Thumbnail-Photo: Electronic shelf labels: photo store introduces new technology...
09.05.2020   #electronic shelf labels (ESL) #electric displays

Electronic shelf labels: photo store introduces new technology

Cooperation between Photografica and Delfi Technologies

Photografica is a professional photography store in the heart of Copenhagen. Here, personal counseling and service play a crucial role. To the benefit of both employees and customers, the store has installed electronic price tags.With a central ...

Thumbnail-Photo: Toshiba demonstrates the future of shopping at EuroShop 2020...
13.02.2020   #self-checkout systems #Trade fair special EuroShop 2020

Toshiba demonstrates the future of shopping at EuroShop 2020

Toshiba spotlights innovations enabling retailers to create “moments that inspire”

Toshiba Global Commerce Solutions offers EuroShop 2020 attendees a look into the future via its ‘Frictionless Store’, Feb. 16-20, hall 6 booth C41 in Düsseldorf, Germany. Toshiba’s innovative solutions enable retailers to ...

Thumbnail-Photo: Wireless with SVN-Flex from SALTO
20.01.2020   #security #security management

Wireless with SVN-Flex from SALTO

SALTO has launched SVN-Flex, a new technology that enables virtual networked access control solutions

In the solutions wireless electronic escutcheons and cylinders act as wire-free updaters. This leads to greater efficiency, security and convenience.The innovation of the SVN-Flex is that users no longer necessarily need hard-wired wall readers to ...

Thumbnail-Photo: Consumer survey: social distancing is changing shopping habits...
10.04.2020   #brick and mortar retail #payment systems

Consumer survey: social distancing is changing shopping habits

Touchless or self-checkout options preferred for instore shopping during COVID-19 pandemic

Nearly two-thirds of consumers are changing their grocery shopping habits in response to the worldwide COVID-19 pandemic, according to a recent consumer survey from Shekel, pioneers in advanced weighing technologies. And 87 percent of shoppers say ...

Thumbnail-Photo: Digital tool helps MENY in the fight against food waste...
13.02.2020   #sustainability #app

Digital tool helps MENY in the fight against food waste

Printing discount labels directly from the app

After a convincing test, Dagrofa rolls out the food waste app ‘Whywaste’ in all the Danish MENY stores. At MENY in Solrød, the store has already managed to achieve a significant reduction in food waste. In addition to the app, the ...

Thumbnail-Photo: Solid Lines 2020, a product range …
01.02.2020   #refrigeration cabinets #Trade fair special EuroShop 2020

Solid Lines 2020, a product range …

… designed with the idea of generating unforgettable shopping experiences

New architectural and design concepts are appearing in the conceptualization of current supermarkets, especially aimed at improving the customers' shopping experience by incorporating solutions that generate value, allowing to optimize energy ...

Thumbnail-Photo: The cash register capable of everything
18.02.2020   #customer satisfaction #epos systems

The cash register capable of everything

Flexible use from manned checkout to self-checkout point

Customers walking through the store with their own cash register on hand? This versatility of shop technology and shop fittings corresponds to the change in brick and mortar retail. MAGO wants to help retailers to meet this challenge with ...

Supplier

Saint Gobain Sovis
Avenue de la Republique
2407 Chateau Thierry Cedex
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen
VR Payment GmbH
VR Payment GmbH
Saonestraße 3a
60528 Frankfurt am Main
Checkpoint Systems GmbH
Checkpoint Systems GmbH
Ersheimer Str. 69
69434 Hirschhorn a. Neckar
MAGO S.A.
RUSIEC ALEJA KATOWICKA 119/121
05-830 Nadarzyn
APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
Diebold Nixdorf
Diebold Nixdorf
Heinz-Nixdorf-Ring 1
33106 Paderborn
SALTO Systems GmbH
SALTO Systems GmbH
Schwelmer Str. 245
42389 Wuppertal
Nagarro Allgeier ES GmbH
Nagarro Allgeier ES GmbH
Westerbachstr. 32
61476 Kronberg im Taunus
GLORY Global Solutions (Germany) GmbH
GLORY Global Solutions (Germany) GmbH
Thomas-Edison-Platz 1
63263 Neu-Isenburg