FinLab AG — Earnings Release 2008

May 25, 2009

News Details

Corporate | 25 May 2009 12:35

Altira Group presents approved annual figures for fiscal year 2008

Altira AG / Final 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 approved annual figures for fiscal year 2008
++ Annual report 2008 published on homepage

Approved figures for financial year 2008 were released today by Altira AG
('Altira Group'), an asset management company focusing on alternative
investment strategies.

In spite of the difficult market environment, revenues in the form of
management fees remained stable at EUR 18.0 million in 2008 as compared to
the previous year (EUR 18.4 million). No performance fees were earned in
2008 (previous year: EUR 9.3 million), causing total revenues to decrease
by 35 per cent from EUR 27.7 million in financial year 2007 to EUR 18.0
million in financial year 2008.

EBITDA was EUR 5.5 million (previous year: EUR 12.7 million). Due to fair
value measurement of listed financial assets, write-downs of EUR -7.5
million were performed. As a result, EBIT for financial year 2008 was
EUR -2.3 million (previous year: EUR 11.5 million), and the net loss for
the year after interest income and taxes was EUR -2.3 million (previous
year: EUR 9.6 million).

The Group had an equity ratio of 80 per cent as at 31 December 2008, and
has no non-current external liabilities. The Altira Group had EUR 22
million in cash as at the balance sheet date.

Assets under management were EUR 680 million as at the balance sheet date
(previous year: EUR 876 million). When adjusted for the sale of the
interest held in the Austrian fund-of-funds company C-QUADRAT Investment AG
in the first quarter of 2008, assets under management decreased by a total
of 22 per cent. Assets under management in the Public Markets division
declined by EUR 338 million or 58 per cent during the course of 2008, i.e.
from EUR 584 million to EUR 246 million. However, only EUR 30 million of
the decrease was due to actual outflows of funds. In contrast, assets under
management in the Private Markets division rose from EUR 191 million to EUR
320 million in financial year 2008, that is, by a total of EUR 129 million
or 68 per cent. The Real Estate division ended the period with
EUR 113 million in assets under management.

The full consolidated statement is available for download at
www.altira-group.de under 'Investor Relations', 'Financial & Analyst
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

25.05.2009 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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