FinLab AG — Earnings Release 2010

Jul 27, 2010

News Details

Corporate | 27 July 2010 08:56

Altira Group publishes figures for Q1 2010 ++ Sales stable compared to prior year quarter ++ EBIT significantly higher than for Q1 2009

Altira AG / Quarter Results

27.07.2010 08:56

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.

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Altira AG ('Altira Group'), an asset management company focusing on
alternative investment strategies, today reported its figures for the first
quarter of the 2010 financial year. The figures are unaudited.

As of the end of the quarter, sales revenues amounted to EUR 3.4 million,
thus holding steady compared to the quarter a year ago (Q1 2009: EUR 3.4
million).

EBITDA came in at EUR 0.1 million (Q1 2009: EUR -0.1 million). Earnings
after depreciation, amortisation and write-downs (EBIT) equalled EUR 0.1
million (Q1 2009: -0.1 million). Earnings after interest income and taxes
was up significantly, amounting to EUR 0.2 million at the end of the first
quarter (Q1 2009: EUR -0.6 million).

As of 31 March 2010, the equity ratio was 84 percent. Moreover, there are
no long-term liabilities. Liquid assets amounted to EUR 16.9 million as of
the balance sheet date.

Assets under management were EUR 651 million at the end of the first
quarter (prior year: EUR 618 million), thus rising 5 percent.

Altira Group CEO Michael Rieder noted: 'Despite continuing uncertainties in
the capital markets, we were able to make a significant improvement over
the previous year in our earnings after interest income and taxes. We are
benefiting from institutional investor interest in alternative investment
opportunities, which has increased as interest rates have remained low.
Especially in our business areas of German 'Mittelstand' & Restructuring
and Renewable Energies & Natural Resources, we have been able to develop
customised products for our institutional clients. This will enable us to
continue the positive trend over the coming quarters.'

++ About Altira Group

The Altira Group is an owner-managed, listed asset management company
focussing on alternative investment strategies for institutional and
private investors. It concentrates on both established as well as newly
developing, future-oriented growth markets within its core areas:

__ German 'Mittelstand' & Restructuring
__ Renewable Energies & Natural Resources
__ Africa

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

27.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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

End of News DGAP News-Service

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