DGAP-News: Altira Group presents figures for second quarter and first half-year of 2010 ++ Return to EBIT break-even; successful new product launches and strengthening of sales
(firmenpresse) - Altira AG / Key word(s): Half Year Results
17.09.2010 07:58
---------------------------------------------------------------------------
Asset management company Altira AG ('Altira Group'), which focuses on
alternative investment strategies, has announced new figures for the second
quarter and first half-year of 2010.
Sales revenue for the second quarter stood at EUR 3.3 million (Q2 2009: EUR
3.9 million), EBITDA at EUR 0.3 million (Q2 2009: EUR 0.8 million). EBIT
for the period under review stood at EUR 0.1 million (Q2 2009: EUR 0.5
million). The result for the period after income from interest and taxes
amounted to EUR -36,000 (Q2 2009: EUR 0.2 million).
In the first half-year of 2010 turnover amounted to EUR 6.7 million and was
thus 8 percent lower than in the comparable period in the previous year (H1
2009: EUR 7.4 million). EBITDA amounted to EUR 0.5 million (H1: 2009: EUR
0.7 million) and the EBIT amounted to EUR 0.2 million (H1 2009: EUR -0.2
million). The result for the period in the first half-year amounted to EUR
0.2 million (H1 2009: EUR -0.4 million) and a profit per share of EUR 0.03
was generated (H1 2009: loss per share at EUR 0.09).
The equity ratio stood at 84 percent as at 30 June 2010. No significant
long-term external liabilities exist. The Altira Group had liquid resources
of almost EUR 50 million on the balance-sheet date.
Assets under management amounted to EUR 625 million as at 30 June 2010 and
have thus decreased slightly compared with the first quarter of the year
(Q1 2010: EUR 651 million). The decline in assets under management
essentially resulted from slight book value adjustments in the private
equity products, which are regularly implemented in the first half-year of
the fiscal year, and less from fund outflows.
Michael Rieder, Altira Group CEO: 'The result is in keeping with our
expectations for the first half year. We are happy to have achieved
break-even, just because we were able to use the time and set the course
for the future. Multifaceted discussions with investors show that our focus
on alternative investments in the three segments of German 'Mittelstand'&Restructuring, Renewable Energies&Natural Resources and Africa is an
interesting addition to the existing capital investments. The sales success
of the Clearsight Fund at EUR 95 million in January 2010 confirms this as
does the interest in our newly established natural resource team, as well
as the current solar sector fund designed for institutional investors. The
Sales Department, strengthened by top-class new appointments, is also a
help to us here.
There is a time delay in the impact on the Altira Group's result, as is
usual in asset management, and, apart from increased management fees, it
will in future be felt mainly through performance fee revenues.
You can find the Altira Group's full semi-annual report at:
http://www.altira-group.de/47-1-FINANCIAL-REPORTS.htm
++ About 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 'Mittelstand&Restructuring
__ Renewable Energies&Natural Resources
__ Africa.
Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier(at)altira-group.de
17.09.2010 07:58 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.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: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Datum: 17.09.2010 - 07:58 Uhr
Sprache: Deutsch
News-ID 32205
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Altira Group presents figures for second quarter and first half-year of 2010 ++ Return to EBIT break-even; successful new product launches and strengthening of sales"
steht unter der journalistisch-redaktionellen Verantwortung von
Altira AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
