Riga Stock Exchange                                              25.10.2004.



SAF Tehnika group non audited consolidated financial results for 3 months 

period ended on September 30, 2004.



Q1 report for FY 2004/2005

Date submitted: 25.10.2004





	         LVL     EUR

Revenues        2.56 M	3.87M

EBIT	        0.75 M	1.12M

Net Profit	0.62 M	0.92M





Group’s non audited consolidated financial results met management expectations. 

Group developments during reported period also are in line with management plans.



During the reported period Company actively took part in exhibition CommunicAsia 

2004 held in Singapore. Cooperation is maturing very quickly in several markets 

new to SAF, such as Asia and Middle East. 



The strong long term commitment of the Company to enter Latin American markets has 

brought its fruits during the quarter, resulting in several significant contracts 

won in.



During the period the sales organisation in SAF Tehnika Sweden has been reorganised, 

the sales management has been moved to the head office of SAF Tehnika (Latvia) and 

the sales in Sweden is now concentrated to meet the demands on the Swedish market. 



On September 30, 2004 group employed 118 people.

JSC “SAF Tehnika” non-audited, consolidated financial report for 3 months, available 

here: <a href='http://market.rfb.lv/upload/reports/saf/2004_q3_en_uni.pdf' target='_blank'>http://market.rfb.lv/upload/reports/saf/2004_q3_en_uni.pdf</a>





Aleksis Orlovs

Financial director

Ph.: +371 7046825