FinLab AG — Earnings Release 2009

Nov 26, 2009

News Details

Corporate | 26 November 2009 11:13

Altira Group reports figures for third quarter 2009 ++ Clearsight has raised more than EUR 66 million

Altira AG / Quarter Results

26.11.2009

Dissemination 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 AG (the 'Altira Group'), an asset management company focusing on
alternative investment strategies, released figures for the third quarter
2009 today.

Revenues were EUR 3.9 million in the third quarter of 2009 (Q3 2008:
EUR 4.8 million), 19 per cent below the figure for the same quarter of
2008, due to a reduction in asset base. EBITDA was EUR 0.04 million
Q3 2008: EUR 1.4 million). Depreciation, amortisation and write-downs were
EUR -0.5 million for the period, of which EUR -0.4 million resulted from
fair value measurement of exchange-listed investments. EBIT was
consequently EUR -0.5 million for the third quarter of the current
financial year, with profit after interest income and taxes coming in at
EUR -0.6 million for the period.

Revenues were EUR 11.2 million in the first nine months of the financial
year (9M 2008: EUR 14.6 million), with an EBITDA of EUR 0.8 million
(9M 2008: EUR 6.3 million). EBIT amounted to EUR -0.7 million (9M 2008: EUR
1.6 million). The equity ratio was 77 per cent as at 30 September 2009, and
there continues to be no significant level of long-term debt. The Altira
Group had liquid assets of close to EUR 19 million as at 30 September 2009.

Assets under management were EUR 703 million as at the reporting date
(Q3 2008: EUR 754 million), 7 per cent lower than the same quarter in the
previous year.

Michael Rieder, CEO of the Altira Group, commented: 'The quarter just ended
shows that our business model also delivers solid results in difficult
capital market periods. Our base costs are covered by a stable and regular
flow of management fees, and we have the potential to achieve future
profits through an increase in assets under management and performance
fees. We see market sentiment as being once again on the rise, both for
mutual funds and private equity, with particular interest being shown in
our restructuring area. Consequently, our Clearsight Turnaround Fund I,
L.P., in this difficult environment has been able to raise more than EUR 66
million in capital to date. Our other two areas of focus, renewable
energies and Africa, are also receiving increased attention from our
customers, and this will have a significant positive effect on our profit
situation over the medium term.'

++ About Altira Group

The Altira Group is an owner-managed, listed asset management company that
focuses on alternative investment strategies for institutional and private
investors. The Altira Group focuses on both established and newly
developing future-oriented growth markets. The specialised knowledge, many
years of experience and entrepreneurial thinking and action of the Altira
Group's investment teams allows them to apply an active investment approach
('high alpha strategies') to achieve sustainable above-average returns in
these markets.

Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier@altira-group.de

26.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 12 80 - 00
Fax: +49 (0)69 719 12 80 - 011
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

---