FinLab AG — Earnings Release 2009

Jun 22, 2009

News Details

Corporate | 22 June 2009 17:53

Altira Group presents its figures for the first quarter of 2009

Altira AG / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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++ Altira Group presents its figures for the first quarter of 2009
++ Balanced result in a difficult market environment
++ New partnerships confirm positioning

Altira AG ('Altira Group'), the asset management company that focuses on
alternative investment strategies, released its figures for the first
quarter of 2009 today. With this gesture, made for reasons of transparency
and not required by regulations, figures for the first three months of the
financial year have been published for the first time. This means, however,
that there are no comparative figures for Q1 from the previous year.

Sales revenue was at EUR 3.4 million. EBITDA was at EUR -0.1 million. Due
to the fair value valuation of the listed financial investments, EUR -0.5
million of financial investments were written off. This put EBIT for the
reporting period at EUR -0.6 million. The net profit or loss for the period
after interest income and taxes was thus EUR -0.6 million.

The equity ratio as at 31 March 2009 was 78 percent. There are still no
important long-term liabilities to third parties. The Altira Group was
holding almost EUR 20 million in liquid assets as at 31 March 2009.

The assets under management amounted to EUR 618 million as at the reporting
date (as at 31 December 2008: EUR 680 million) and have therefore decreased
by 9 percent since 31 December 2008.

Michael Rieder, CEO of the Altira Group: 'With newly acquired partners such
as the World Bank subsidiary 'MIGA' for ADC and well-known product partners
such as Berenberg Bank for Patriarch and Signal Iduna i.e. Hansa Invest for
the theme New Energy we were able to continue to successfully expand our
market position in the first quarter of the year and see this as a
confirmation of our strategy. In addition, our product Clearsight, which
focuses on European restructuring teams and their funds, developed
excellently. Nevertheless, the turbulence on the capital markets is
reflected in the quarterly results of the first three months. Equity
interests in our own products resulted in write-offs of financial assets,
although at EUR -0.5 million this figure ended up being less than we had
expected internally. These write-offs may lead to write-ups again in the
quarters to come; based on the current improvement on the capital markets
we are assuming that this will be the case. The improved sentiments here
will also have positive effects on the assets under management at the
Altira Group. We are excellently positioned with our product range and our
still high cash position of almost EUR 20 million. The latter makes us a
very defensive investment and we also want to use it in part for
acquisitions. The positive trend of share prices over the past months after
hitting bottom in March shows that the capital market is beginning to see
our growth potential again.'

++ 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

22.06.2009 Financial News transmitted by DGAP

Language: English
Issuer: 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

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