DGAP-News: Altira Group presents strong 9-month results ++ Cash and cash equivalents of over EUR 27 million

Altira AG / Quarter Results

26.11.2008 

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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++ Altira Group presents strong 9-month results
++ Cash and cash equivalents of over EUR 27 million
++ Growth strategy consistently maintained

Asset management company Altira AG ('Altira Group'), which focuses on
alternative investments, today published figures for the first 9 months 
and the third quarter of the current financial year. Given the company’s
listing requirements on the open market (entry standard) there is no
reporting obligation. Nevertheless, the company will release key data to
its shareholders on a quarterly basis for reasons of transparency.

The company posted revenues from fixed management fees of EUR 14.6 
million. Due to the weak capital market environment, no performance fees
were generated. EBITDA for the 9-month period ending 30 September 2008 was
EUR 6.3 million. Valuation at fair value of listed financial assets
resulted in write-downs of approximately EUR 4.5 million during the
reporting period. As a consequence, EBIT for the 9-month period came in 
at EUR 1.6 million.

Third quarter 2008 revenues amounted to EUR 4.8 million and EBITDA was 
EUR 1.4 million, while write-downs for the quarter on listed financial
assets reduced EBIT to a loss of EUR 1.7 million.

The equity ratio as at 30 September 2008 was 70 percent and cash and 
cash equivalents amounted to EUR 24 million. Following the balance sheet 
date cash was once again boosted by a capital increase to more than 
EUR 27 million.

Assets under Management were EUR 754 million on 30 September 2008 and
decreased by 18 percent compared to first half-year 2008 with EUR 922
million. The decrease in Assets under Management resulted from the impacts
of the financial crisis. The reduction of assets in Public Markets
is partly compensated by inflows in Private Markets.

Despite difficult capital markets the outflows in Public Markets for the
9-months period marked to only 11 percent, 89 percent decrease in Assets
under Management result in NAVs in respect of decreased stock quotations.
Because of the increase in the Private Markets Segment in fiscal year 2008
the quality and stability of Assets under Management was improved.

Michael Rieder, Chairman of the Altira Group Management Board, remarked: 
'The figures for the 9-month period and the third quarter of 2008 show 
that Altira Group – even in such difficult market conditions – is stable
compared with other asset managers. Our management fees cover current
costs, and we have a solid basis even if we do not generate Performance
Fees. Furthermore, we expect that institutional investors will increasingly
allocate to alternative investment strategies as a result of the current
financial crisis. With our focus on Private Equity Strategies within our
product range we believe ourselves to be in an ideal position to be a
winner of this current market situation. With our liquidity position on the
balance sheet we are in a situation to take advantage of opportunities in
the market.'

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


DGAP 26.11.2008 
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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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