DGAP-News: Altira Group publishes final financial results 2009

Altira AG / Final Results

05.07.2010 18:25 

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++ Altira Group publishes final financial results 2009
++ Revenues increased by 8 percent
++ EBITDA increased by 38 percent compared to previous year, back in domain
   of profitability

Altira AG ('Altira Group'), an asset management company focused on
alternative investments, announced final financial results for the 2009
financial year today.

The Group's revenues were EUR 19.4 million at the end of the financial year
and could therewith be increased by 8 percent to 2008 (EUR 18.0 million),
despite the difficult market environment in 2009. Once again, performance
fees of EUR 4.3 million contributed to this result, whereas in 2008 no
performance fees were generated.

EBITDA amounts to EUR 7.6 million (previous year: EUR 5.5 million) and
therewith increased by 38 percent. EBIT came in at EUR 0.7 million (2008:
-2.3 million). Earnings after interest and taxes increased significantly
and resulted in EUR 1.4 million at the end of the financial year (2008: EUR
-2.3 million).

The equity ratio is 80 percent. Moreover, there are no long-term debt
liabilities to account for. At the balance sheet reporting date, the Group
held liquid Assets of EUR 15.3 million.

At the end of the financial year, assets under management amounted to EUR
698 million (previous year: EUR 680 million), and are stable. In the
Private Markets unit, assets under management total to EUR 388 million (in
2008: EUR 433 million), in the public markets unit, these are EUR 310
million (in 2008: EUR 246 million).

The full consolidated statement will be 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 growth
markets. The specialized knowledge and many years of experience 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




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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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