SAF Tehnika Financial Statement Release 08.08.2012

SAF Tehnika JSC Consolidated Interim Report for Q4 and 12 months of financial
year 2011/12 (1st July 2011 – 30th June 2012)

Riga, Latvia, 2012-08-08 08:32 CEST (GLOBE NEWSWIRE) -- SAF Tehnika's
non-audited net sales for the forth quarter of financial year 2011/12 were 2.16
million LVL (3.08 million EUR), showing an 8% increase comparing to the
respective reporting quarter of the previous financial year. Although the
telecommunications market continues to experiences fierce price competition,
the positive result can be attributed to the Company’s ability to acquire new
middle scale projects along with the steady regular business in markets SAF is
present.
Similar to previous reporting quarter of the current financial year Europe, CIS
region continued to post the best results accounting for 51% of the sales
volumes. Besides the company showed that it has established a sound position in
the Americas region where sales remained at the same level as in the previous
reporting quarter of FY 2011/12. The production of CFIP Lumina products in
Brazil has reached planned optimal levels and it is now assured that the
strategic decision of establishing the manufacturing arrangement in the
perspective and protected market proves to be successful as the acquired local
producer status and recognition already begins to generate increased interest
in SAF products in Brazilian market.
The Company’s 2011/12 financial year’s 12 month unaudited net turnover was 9.64
million LVL (13.71 million EUR), which represents a 12% year-to-year decrease.
The Company ended fourth quarter of 2011/12 financial year with a net profit of
149 800 LVL (213 147 EUR), which represents an improvement by 237 048 thousand
LVL (337 290 thousand EUR) when compared to respective quarter of previous
financial year where company posted loss. Meanwhile the Company’s’ unaudited
consolidated net profit for the 12 months of 2011/12 financial year was 719 927
LVL (1 024 364 EUR).
The general strategy of SAF Tehnika is not changing, the Company is constantly
progressing with ongoing research and development projects, concentrating both
on designing next generation wireless data transmission devices, as well as
customizing existing solutions to better suit specific niche microwave radio
customer requirements.
Although the market outlook is mostly neutral, due to continuous uncertainty in
the global financial situation and telecommunication market the Board of the
Company would like to avoid being specific in predictions of sales and
financial result projections.




Additional_information:
Aira Loite
Member of the board, COO
Phone: +371 67046833
Mailto: Aira.Loite@saftehnika.com


1. 12M FY11_12_SAF_results ENG_V1.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=400072)