DGAP-News: Altira Group presents its preliminary results for financial year 2010 ++ Consolidated profit after taxes totals EUR 1.2 million ++ Stake in Heliad to increase to 13.6 percent
ID: 408626
Altira Group presents its preliminary results for financial year 2010
++ Consolidated profit after taxes totals EUR 1.2 million ++ Stake in
Heliad to increase to 13.6 percent
18.05.2011 / 18:32
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Altira AG ('Altira Group'), the asset management company focusing on
alternative investment strategies, today announced its preliminary results
for the financial year 2010.
Sales revenues amounted to EUR 17.2 million and therefore declined by 11.3
percent versus previous year (2009: EUR 19.4 million). This figure includes
performance fees from the managed mutual funds in an amount of EUR 2.6
million (2009: performance fees of EUR 4.3 million). At EUR 0.8 million,
EBIT for the financial year 2010 was at the same level as the previous
year's result. Profit after taxes amounted to EUR 1.2 million (2009: EUR
1.4 million).
As of 31 December 2010, the equity ratio was 84.7 percent. The Group does
not have any long-term debt liabilities. As of the balance sheet reporting
date, Altira Group held cash amounting to more than EUR 11.6 million.
Assets under management totalled EUR 776 million as of the balance sheet
reporting date, equivalent to an increase of 11 percent compared with the
previous year (2009: EUR 698 million).
The preliminary figures have not been audited. Altira Group will be
publishing its finalised consolidated financial statements for the
financial year 2010 at the end of May 2011.
Furthermore, Altira Group is increasing its stake in Heliad Equity Partners
by 650,000 shares to a total of 1,652,253 shares. This will bring its stake
in the investment company that it manages up to 13.6 percent.
David Zimmer, Member of the Board of Management of Altira, explains the
reasons behind this decision: 'We do not believe that the current share
price of Heliad reflects its true value. Net asset value, for example,
amounted to EUR 6.03 per share as of 31 March 2011, which equates to an
increase of 7.3 percent over the first quarter. Altira adopts the
philosophy of investing in relevant stakes in the products it initiates and
manages to ensure that its interests are aligned with those of the other
investors. We are underlining this commitment by once again considerably
increasing our stake in Heliad, which we view as a long-term investment.'
++ Altira Group
The Altira Group is an owner-managed, exchange-listed asset management
company focusing on alternative investment strategies for institutional as
well as private investors. In that area, it concentrates on both
established as well as newly-developing, forward-looking growth markets in
connection with its core areas of focus.
__ German Small&Mid-Sized Companies&Restructurings
__ Renewable energies&Natural Resources
__ Africa.
Contact:
Altira Aktiengesellschaft
Phone: +49 69 719 12 80 0
E-Mail: investor-relations@altira-group.de
End of Corporate News
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18.05.2011 Dissemination 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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Financial/Corporate Newsand Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.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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125323 18.05.2011Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
- Kommentar von Jürgen Polzin" alt="WAZ: Erdgasauto, die verpasste ChanceDatum: 18.05.2011 - 18:32 Uhr
Sprache: Deutsch
News-ID 408626
Anzahl Zeichen: 5060
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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