FinLab AG — Earnings Release 2007

May 30, 2008

News Details

Corporate | 30 May 2008 19:50

Altira Group confirms the strong preliminary business results for 2007

Altira AG / Final Results

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++ Altira Group confirms the strong preliminary business results for 2007
++ EBITDA of EUR 12.7 million / EBIT of EUR 11.5 million / EBT of
EUR 12.3 million
++ After-tax consolidated earnings of EUR 9.6 million

With the business results attained for the financial year 2007, the listed
asset management company Altira Group has now confirmed the preliminary
results which had been announced on 29 April.

Altira Group’s sales grew by 12% to EUR 27.7 million (FY 06: EUR 24.9
million), the highest level in the history of the company. EBITDA is
EUR 12.7 million (FY 06: EUR 13.1 million), and the EBIT is EUR 11.5
million (FY 06: EUR 12.3 million). Pre-tax profits (EBT) of EUR 12.3
million (FY 06: EUR 12.4 million) were maintained at the previous year’s
level. After tax consolidated earnings of EUR 9.6 million were below the
previous year’s figure (EUR 10.7 million) due to a changed revenues mix and
an associated higher tax rate (2007: 22%, 2006: 13%).

Total assets rose from EUR 36.6 million to EUR 79.5 million at the end of
the reporting period. The equity ratio is 73%, which represents an increase
of 13 percentage points over the previous year’s figure. At year-end 2007,
assets under management had reached a record level of EUR 1.1 billion.

The complete consolidated financial report will be published at the end of
June along with the annual financial report.

Due to the very strong inflows into the products launched by the Altira
boutique subsidiaries during the first half-year 2008, the company’s
management board – despite the difficult capital market environment – is
optimistic that market expectations will be met or exceeded in 2008.

++ About Altira

The Altira Group is an owner-managed company that is simultaneously an
exchange-listed asset management company. It manages money for
institutional investors in the areas of private markets, public markets and
real estate.

The investment approaches focus on inefficient markets. Inefficient markets
are newly forming markets and regions of the future with above-average
growth opportunities as well as established markets undergoing major
structural changes. Due to their specialised knowledge and years-long
experience, the Altira teams are able to generate a sustainable
above-average risk/yield profile ('high alpha strategies') in these markets
by using an active investment approach.

The implementation into defined investment products is then handled by the
focused, independent Altira subsidiaries. Whereas the investment decisions
are independently taken in the investment teams, all of the boutique
companies have centralised access to a common, institutional
infrastructure.

The Altira Group is in general a founding majority shareholder of these
boutique subsidiaries, or it acquires shares in existing asset management
companies who want to tap into the Altira Group platform.

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Head of Investor Relations
Tel: +49 69 719 12 80 145
E-Mail: juan.rodriguez@altira-group.de

30.05.2008 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 159 66 - 0
Fax: +49 (0)69 719 159 66 - 11
E-mail: info@altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service

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