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FinLab AG — Earnings Release 2007
Apr 29, 2008
5396_rns_2008-04-29_5931a947-69e1-407e-80c6-a4756aa6e798.html
Earnings Release
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Corporate | 29 April 2008 10:27
Altira AG – preliminary financial results for 2007
Altira AG / Preliminary 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.
++ Altira Group – preliminary financial results for 2007
++ EBIT EUR 11.6 million / EBT EUR 12.4 million
++ Net income after taxes EUR 9.4 million
++ Dividend planned
The preliminary figures for 2007 show that Altira AG generated earnings
before taxes (EBT) of EUR 12.4 million in the past financial year while
EBITDA is at EUR 12.5 million and EBIT at EUR 11.6 million. Net income
after taxes came to EUR 9.4 million. At year-end 2007, assets under
management reached the record level of EUR 1.1 billion.
In view of the excellent business trend, the Management Board plants to
propose to the General Meeting that a dividend of EUR 0.50 per share be
paid.
CEO Michael Rieder also expresses optimism for the current financial year:
'Despite the international financial crisis, we expect the best year in the
history of the Altira Group. Especially in times like these, investors are
open to new solutions that generate yields independent of the standard
asset classes. While the expansion of the range of products in particular
was at the forefront in 2007, the focus in 2008 will be on a definite
increase of assets under management while simultaneously maintaining the
above-average performance of our products.'
Altira is expected to release the final figures of its consolidated
financial statements for 2007 in the annual report to be published on 30
May 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: [email protected]
29.04.2008 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: [email protected]
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