FinLab AG — Earnings Release 2007

Aug 27, 2007

News Details

Corporate | 27 August 2007 08:19

Altira AG increases sales by 28% to EUR 12.5 million in first six months of 2007

Altira AG / Half Year Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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++ Altira increases sales by 28% to EUR 12.5 million in first six months
of 2007

++ EBIT reaches EUR 5.1 million in first half of the year

++ Assets under management grow to more than EUR 1 billion

In the first half of 2007, Altira AG increased its sales by 28% to EUR 12.5
million, as compared with EUR 9.8 million in the same period the year
before. At EUR 5.1 million, the EBIT calculated in accordance with IFRS
matched the value of the previous year. The results of EUR 3.9 million for
the period were EUR 0.7 million below those of the comparable period in
2006 (EUR 4.6m). This decrease is due to a higher level of taxation caused
by a different breakdown of income.

The company had cash of EUR 25.5 million as at the reporting date (2006:
EUR 4.6m). Cash flow in the first half of 2007 was EUR 17.4 million. Assets
under management rose to more than EUR 1 billion, representing an increase
of 59% (2006: EUR 0.6bn).

Altira CEO Peter Brumm expressed his extreme satisfaction with the
semi-annual results: 'Thanks to the progress made in our expansion,
particularly with regard to sales resources, and the good performance
achieved by our products, assuming that capital markets normalise we are
confident that we can also achieve the earnings that analysts, capital
markets and especially our shareholders expect for 2007.'

++ About ALTIRA

Altira is a diversified asset management group with a number of
independently operating subsidiaries active in the private markets, public
markets and real estate investment classes.

Based on the concept of 'teaming up with the best', Altira either develops
internal specialist teams or works together with specialised outside asset
managers. Altira sees itself as a growth platform that provides these
different asset management models with access to its network,
infrastructure, management expertise and capital resources, while allowing
each to retain its own individual identity. In return, Altira is able to
achieve broad diversification over a variety of asset classes and customer
groups, along with the highly stable corporate earnings that this brings.

Products launched by Altira are characterized by a focus on inefficient
and/or strongly changing markets, active management (high alpha), and a
high level of entrepreneurial investment of funds by management.

Contact:
Altira Aktiengesellschaft

Juan Rodriguez
Leiter Investor Relations

Tel: +49 69 719 159 66 405
e-Mail: juan.rodriguez@altira-ag.de

27.08.2007 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 713 7588 - 12
Fax: +49 (0)69 713 7588 - 11
E-mail: info@altira-ag.de
Internet: www.altira-ag.de
ISIN: DE0001218063
WKN: 121806
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service

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