FinLab AG — Earnings Release 2006

May 15, 2007

News Details

Corporate | 15 May 2007 08:30

Altira AG with considerable sales and profit growth in fiscal 2006: Group sales up 218% to EUR 24.8 million; EBIT moves up to EUR 10.5 million; Net income improves to EUR 8.8 million

Altira AG / Final Results/Final Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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In the 2006 fiscal year, Altira AG strongly expanded consolidated sales and
significantly increased its consolidated result. Consolidated sales rose to
EUR 24.8 million – a year-on-year improvement of approximately 218% (2005:
EUR 7.8 million). EBIT moved from EUR 0.2 million in 2005 to EUR 10.5
million in 2006. Net income for the year was significantly higher, moving
up from EUR 0.2 million in the previous year to EUR 8.8 million in 2006. To
the year-end, the company more than doubled assets under management to EUR
811 million. The previous-year figures are pro rata consolidated figures,
so as to provide comparability.

In 2006, a key element in Altira AG operations was a significant expansion
of the business basis. Thus the Real Estate division was established and
developed into one of the most important earnings pillars within 12 months.
In the last year, particularly strong growth was generated by the Private
Equity division. Here assets under management climbed by 353% from EUR 30
million at the end of 2005 to EUR 136 million to the end of 2006. Numerous
successes were posted in the Public Equity division. The fund volume at VCH
Investment Group AG improved from EUR 115 million at the beginning of the
year to EUR 282 million to the year-end – an upturn of 145%. The flagship
fund is VCH Expert Natural Resources, one of the best commodity funds in
Europe. The participation C-Quadrat Investment AG celebrated its successful
listing on the Entry Standard in March 2006 and the move into the Prime
Standard in November 2006. The C-Quadrat listing success was accompanied by
steadily increasing assets and profits.

All the Altira companies started well into the current financial year. The
Real Estate division is developing into the most important value driver.
Thus MAGNAT Real Estate GmbH & Co. KGaA, in whose management company
(managing partner) Altira AG has a 20% stake, successfully increased its
equity basis by EUR 45 million with a capital increase from EUR 41 million
to approximately EUR 86 million. As a result, the earnings contributions of
the Real Estate division increased considerably. Climate Solutions
Management (CSM), founded at the beginning of 2007, will also generate an
important earnings contribution over the next few years. CSM focuses on
managing funds in the area of new technologies / climate change.

For this reason, the management is confident of continuing the growth trend
at EBIT and net income level in 2007. With a time horizon of 3-5 years,
Altira should develop to one of the largest independent German asset
management companies with EBIT clearly into double figures. In 2007, it is
planned to change to reporting in line with IFRS and towards the end of the
year to move to the Prime Standard.

+++ About ALTIRA
Altira is a diversified asset management group that operates in the
investment classes of private equity, public equity and real estate and
alternatives with several independent subsidiaries. Altira sees itself as a
growth platform whose network, infrastructure, management expertise and
capital resources can be used by the various asset management models
without them having to give up their own identity. Altira thus allows broad
diversified across various investment classes and customer groups and can
thereby achieve highly stable corporate revenues.

Altira AG
Juan Rodriguez
Head of Investor Relations

Grüneburgweg 18
60322 Frankfurt am Main

Tel.: +49 (0)69 - 719 159 66-405
Fax: +49 (0)69 - 719 159 66-303
E-mail: juan.rodriguez@altira-ag.de

DGAP 15.05.2007

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
www: www.altira-ag.de
ISIN: DE0001218063
WKN: 121806
Indices:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt

End of News DGAP News-Service

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