SAF Tehnika A/S Interim Report for 12 months of financial year 2009/10 (1st July 2009 - 30th June 2010)

Correction: changes in the Latvian version of the text

SAF Tehnika's non-audited net sales kept an upward trend. Sales for the fourth
quarter of financial year 2009/10 were 3.74 million LVL (5.32 million EUR),
representing an 89% increase compared with the fourth quarter of the previous
financial year. This was the best quarterly sales result not only in financial
year 2009/10, but the best in the last three financial years. 
The Company's non-audited net sales for the 12 months of financial year 2009/10
were 10.23 million LVL (14.55 million EUR) representing a 16% increase compared
with the 12 months of financial year 2008/09. The best sales results were
reached in the Asia Pacific, Africa and Middle East region where 88% y-o-y
growth was reached, amounting to LVL 5.9 million (EUR 8.48 million) in the 12
months of FY 2009/10 and a 33% increase was recorded in America. Sales in
Europe and the CIS region were substantially (by 43%) lower than in the
previous financial year. This was mostly impacted by very low sales in the CIS.
The recent customer survey lists product price, quality and customer support as
the key features for choosing SAF Tehnika as the partner. 
The net profit of the Company for the fourth quarter of financial year 2009/10
was 1.23 million LVL (1.76 million EUR). The net profit of the Company for the
12 month period of the financial year 2009/10 was 1.47 million LVL (2.1 million
EUR) which is by 2.71 million LVL (3.86 million EUR) better than the result for
the 12 months of the financial year 2008/09. This is a great result and proves
that the Company's strategy towards development of a new CFIP product line,
expansion of direct sales, investments into product marketing, cost savings on
production and operations was right and has provided SAF Tehnika a more stable
position with positive perspectives. The invaluable work and loyalty of the
Company's employees also has to be mentioned as a key to success. 
The main targets for the company in the coming years are to achieve steady
growth, maintaining high production quality and customer satisfaction levels.
As uncertainty in the global telecommunication market continues the Board of
the Company cannot provide certain prognosis towards sales figures despite
outstanding results of the reporting financial year. 

Aira Loite
CFO
+371 67 046 833
Aira.Loite@saftehnika.com