DGAP-News: Altira Group presents preliminary figures for 2009 financial year ++ Sales rise 8 percent over previous year ++ EBITDA up 30 percent from previous year, return to profitability
(firmenpresse) - Altira AG / Preliminary Results
22.03.2010 08:35
Dissemination of a Corporate News, transmitted by
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Altira AG ('Altira Group'), an asset management company focused on
alternative investments, today announced preliminary figures for the 2009
financial year.
Sales revenues came in at EUR 19.4 million, thus rising by 8 percent versus
the previous year (EUR 18.0 million) despite the difficult market
environment. This figure includes performance fees in the amount of EUR 4.3
million (2008: no performance fees).
EBITDA was up by 30 percent, totalling EUR 7.2 million (2008: EUR 5.5
million). EBIT for the 2009 financial year showed a clear improvement over
financial year 2008, at EUR 0.6 million as against EUR -2.3 million for
2008. Earnings after taxes were EUR 0.9 million (2008: EUR -2.3 million).
As of 31 December 2009, the equity ratio was 78 percent. Moreover, there
are no long-term debt liabilities. As at the balance sheet reporting date,
the Altira Group held cash and cash equivalents of EUR 15.3 million.
Assets under management amounted to EUR 698 million as at the balance sheet
date (previous year: EUR 680 million). Split into the four business areas,
this amount breaks down as follows: German 'Mittelstand'&Restructurings
EUR 219 million (2008: EUR 262 million), Renewable Energies&Natural
Resources EUR 176 million (2008: EUR 140 million), Africa EUR 19 million
(2008: EUR 21 million) and Other Alternative Investments EUR 283 million
(2008: EUR 256 million). In the Private Markets area, assets under
management went from EUR 433 million in 2008 to EUR 388 million in 2009,
while assets under management in the Public Markets grew from EUR 246
million in 2008 to EUR 310 million in 2009.
Michael Rieder, Altira Group's CEO, commented as follows on the past
financial year and the published figures: 'It is precisely the market's
difficult phases which confirm our business model. With our diversification
into Public and Private Markets, we were well able to equalise the market's
volatility. Furthermore, even in times such as these, our business model
finds acceptance, and in the Private Equity-Restructurings and Renewable
Energies areas we were able to implement new product solutions jointly with
institutional investors. The interest in the topics we focus on and the
opportunity to use an existing institutional infrastructure to implement
new concepts with clients will be increasing in this year, and will thus
accelerate our growth momentum.'
The preliminary figures are unaudited. The Altira Group will publish the
final figures for the 2009 consolidated financial statements at the end of
May 2010, in connection with the publication of its annual report.
The preliminary figures will be presented today at 11 a.m. CET by the
Altira Group's Management Board in a conference call with Web support. The
conference call will be held in the English language. Please use the
following data to dial in:
Dial-in Number: +49 69 58 999 0805
Please give the operator the conference ID '4261925' or refer to 'Altira'.
The presentation can be viewed at:
www.equitystory.com
Password: altira0310
++ 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 specialised 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(at)altira-group.de
22.03.2010 08:35 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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(at)altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehrin Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
End of News DGAP News-Service
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Datum: 22.03.2010 - 03:35 Uhr
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