Altira AG / Final Results 30.05.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ++ Altira Group confirms the strong preliminary business results for 2007 ++ EBITDA of EUR 12.7 million / EBIT of EUR 11.5 million / EBT of EUR 12.3 million ++ After-tax consolidated earnings of EUR 9.6 million With the business results attained for the financial year 2007, the listed asset management company Altira Group has now confirmed the preliminary results which had been announced on 29 April. Altira Groups sales grew by 12% to EUR 27.7 million (FY 06: EUR 24.9 million), the highest level in the history of the company. EBITDA is EUR 12.7 million (FY 06: EUR 13.1 million), and the EBIT is EUR 11.5 million (FY 06: EUR 12.3 million). Pre-tax profits (EBT) of EUR 12.3 million (FY 06: EUR 12.4 million) were maintained at the previous years level. After tax consolidated earnings of EUR 9.6 million were below the previous years figure (EUR 10.7 million) due to a changed revenues mix and an associated higher tax rate (2007: 22%, 2006: 13%). Total assets rose from EUR 36.6 million to EUR 79.5 million at the end of the reporting period. The equity ratio is 73%, which represents an increase of 13 percentage points over the previous years figure. At year-end 2007, assets under management had reached a record level of EUR 1.1 billion. The complete consolidated financial report will be published at the end of June along with the annual financial report. Due to the very strong inflows into the products launched by the Altira boutique subsidiaries during the first half-year 2008, the companys management board despite the difficult capital market environment is optimistic that market expectations will be met or exceeded in 2008. ++ About Altira The Altira Group is an owner-managed company that is simultaneously an exchange-listed asset management company. It manages money for institutional investors in the areas of private markets, public markets and real estate. The investment approaches focus on inefficient markets. Inefficient markets are newly forming markets and regions of the future with above-average growth opportunities as well as established markets undergoing major structural changes. Due to their specialised knowledge and years-long experience, the Altira teams are able to generate a sustainable above-average risk/yield profile ('high alpha strategies') in these markets by using an active investment approach. The implementation into defined investment products is then handled by the focused, independent Altira subsidiaries. Whereas the investment decisions are independently taken in the investment teams, all of the boutique companies have centralised access to a common, institutional infrastructure. The Altira Group is in general a founding majority shareholder of these boutique subsidiaries, or it acquires shares in existing asset management companies who want to tap into the Altira Group platform. Contact: Altira Aktiengesellschaft Juan Rodriguez Head of Investor Relations Tel: +49 69 719 12 80 145 E-Mail: juan.rodriguez@altira-group.de DGAP 30.05.2008 --------------------------------------------------------------------------- Language: English Issuer: Altira AG Grüneburgweg 18 60322 Frankfurt / Main Deutschland Phone: +49 (0)69 719 159 66 - 0 Fax: +49 (0)69 719 159 66 - 11 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 ---------------------------------------------------------------------------
DGAP-News: Altira Group confirms the strong preliminary business results for 2007
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