DGAP-News: Aragon makes successful start in FY 2008 - Total revenues of EUR 27m - EBITDA EUR 1.5m

ARAGON AG / Quarter 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.
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++ Aragon makes successful start in financial year 2008
++ Total revenues of EUR 27m – a 24.7% increase on the same quarter in the
   previous year (EUR 21.6m)
++ EBITDA up by 45.8% to EUR 1.5m

The financial services company Aragon AG bucked the general market trend
with a successful start to 2008.

Revenues rose by 24.7% to EUR 27.0m (Q1 2007: EUR 21.6m). Earnings before
interest and tax (EBIT) increased by 35.8% to EUR 1.0m compared with the
same quarter in the previous year (EUR 0.76m). At EUR 1.5m, EBITDA climbed
45.8% (Q1 2007: EUR 1m). This figure would have amounted to as much as 
EUR 1.8m, or an increase of 75.8%, excluding the losses of Inpunkto Finanz
GmbH which is in the process of being wound up.

Gross earnings at Aragon AG totalled EUR 8.5m in the first quarter of 2008,
representing a rise of 37% on the figure of EUR 6.2m achieved in the first
quarter of 2007. The gross margin of 31.7% represents an improvement of 10%
on the same quarter in 2007.

++ Developments in the various segments

Despite difficult market conditions, the Retail Sales segment outperformed
the market considerably with 11% growth to achieve revenues of EUR 17.8m.
With EBITDA of kEUR 655, earnings remained below the previous year’s level
(Q1 2007: kEUR 862), since sales of high-margin products (investments and
certificates), in particular, were restrained in the first quarter of the
year. We expect a significant recovery in this segment no later than from
the third quarter of 2008 onwards.

Conversely, the Banking & Banking Services and Institutional Sales segments
closed the first quarter of 2008 with results that were significantly
higher than the respective figures for the previous year.

Revenues in the Banking & Banking Services segment increased from EUR 5.4m
to EUR 9.2m, which represents a 70% rise. Up by 188%, EBITDA climbed to 
EUR 1.0m.

Revenues in the Institutional Sales segment increased by more than 100% to
EUR 0.4m. This segment achieved EBITDA amounting to EUR 0.2m with an EBITDA
margin of 48%, after reporting zero earnings in the previous year.

Dr. Sebastian Grabmaier, CEO of Aragon AG, explained: 'On the whole, our
performance in the first quarter of this year highlights the importance of
the broad diversification, which the Group has consistently implemented for
more than four years, for the overall success of Aragon. Our positive
figures reflect that we have the critical mass required to counter the
trend and grow successfully even in difficult market conditions and to gain
additional market share.'

CFO Ralph Konrad added: 'This is all the more true given that
traditionally, the first quarter of the year is the weakest in financial
sales. For 2008 as a whole, we are therefore confident that we will meet
market expectations. Aragon will pursue organic growth as well as growth by
acquisition along the value added chain to continually expand its position
among the major financial sales companies in Germany.'

The quarterly report is now available for download on the company’s website
at www.aragon-ag.de

++ About Aragon AG

Aragon is a broadly diversified financial services company, with the
divisions: Retail Sales, Institutional Sales and Banking & Banking
Services. Aragon is active on the marketplace with multiple independent
subsidiaries. The company’s aim is to integrate various distribution models
under one roof, without disturbing the individual identity of each sales
company. The result is a wide diversification across various asset classes
and distribution types, which generates a high stability in corporate
earnings. Further information about the company and its subsidiaries can be
viewed on the website: www.aragon-ag.de.

Contact:
Aragon Aktiengesellschaft
Achim Pfeffer
Head of Investor Relations
Tel.: +49(0)611 890 575-574
Fax:  +49(0)611 890 575-99
E-Mail: achim.pfeffer@aragon-ag.de


DGAP 30.05.2008 
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