FinLab AG — Earnings Release 2009

Sep 1, 2009

News Details

Corporate | 1 September 2009 08:30

Altira Group reports numbers for 2nd quarter and first 6 months of 2009

Altira AG / Half Year Results

01.09.2009

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++ Altira Group reports numbers for 2nd quarter and first 6 months of 2009
++ Assets under Management rise ten percent

Altira AG ('Altira Group'), an asset management company that focuses on
alternative investment strategies, today announced its second-quarter and
six-month figures for fiscal year 2009.

Second quarter sales revenues were EUR 3.9 million, with EBITDA equalling
EUR 0.8 million. EBIT for the reporting period was EUR 0.5 million. After
interest income and taxes, the result for the period was EUR 0.2 million.

Revenues for the first six months of 2009 amounted to EUR 7.4 million, or
25 percent lower than last year. EBITDA was EUR 0.7 million and EBIT came
in at EUR -0.2 million. The six-month result amounted to EUR -0.4 million,
equivalent to a loss per share of EUR 0.09.

As of 30 June 2009, the equity ratio was 80 percent. There is no
significant long-term debt. As of the reporting date, the Altira Group held
cash and cash equivalents amounting to just under EUR 16 million.

Assets under management were equal to EUR 677 million as of 30 June 2009,
showing an increase of ten percent from the first quarter of the year (2009
Q1: EUR 618 million).

Michael Rieder, CEO of the Altira Group, commented: 'In view of a capital
market environment which continues to be difficult, we are satisfied with
our numbers for the first half of 2009. But what is even more important is
that, in all four business areas, we were able to send important positive
signals that should provide clear support to the re-awakening customer
interest in Alternative Investments and to future fundraising. In the
business area 'German Mittelstand & Restructurings', EUR 42 million in
funds have already been raised for the Private Equity fund-of-funds of
Clearsight Investments AG that is focused on restructurings. We are
anticipating that the fund-of-funds can be successfully closed at year's
end, at around EUR 80 to 100 million. In the 'Renewable Energies & Natural
Resources' business area, we were able to gain a strategic partner in the
Signal Iduna subsidiary HansaInvest, along with additional institutional
investors, and in the 'Africa' business area, the first successful exit was
made from a portfolio holding. Moreover, in the area of 'Other Alternative
Investments', we were able to enter into new strategic partnerships with
Berenberg Bank and PrismaLife that represent an important milestone for
further growth.'

Altira Group's complete six-month report can be found at:
http://www.altira-group.de/47-1-Financial-reports

++ 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

01.09.2009 Financial News transmitted by DGAP

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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

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