DGAP-News: Altira AG: Further increase in Altira Group assets under management in first half year ++ Sales revenue relatively unchanged ++ EBITDA EUR -0.4 million ++ Strong equity ratio of 86%
(firmenpresse) - DGAP-News: Altira AG / Key word(s): Half Year Results
Altira AG: Further increase in Altira Group assets under management in
first half year ++ Sales revenue relatively unchanged ++ EBITDA EUR
-0.4 million ++ Strong equity ratio of 86%
02.09.2011 / 20:15
---------------------------------------------------------------------
Asset management company Altira AG ('Altira Group'), which focuses on
alternative investment strategies, announced provisional figures today for
the first half-year of 2011.
Assets under management increased in the first six months to EUR 801
million, representing a 28 percent increase over 30 June 2010 (H1 2010: EUR
625 million).
Sales revenue for the first six months also rose slightly, standing at EUR
6.8 million (H1 2010: EUR 6.7 million). EBITDA for the period under review
stood at EUR -0.4 million, a decrease from the previous year (H1 2010 EUR
0.5 million). As a result of write-downs on financial investments and
securities of about EUR 9 million, the after-tax result for the period
amounted to EUR -9.6 million (H1 2010: EUR 0.2 million). Around two thirds
of the write-downs recorded in the financial statements for the first
half-year have no impact on liquidity or equity. Around one third of the
write-downs comprise market-related value adjustments of listed securities
which similarly have no impact on liquidity.
Altira Group's equity ratio stood at 86 percent at 30 June 2011, bringing
the equity value per share to around EUR 10 per share. There are no
long-term external liabilities. The Group has liquid resources of around
EUR 5.9 million on the balance-sheet date. Due to the write-downs, the
half-year recorded a loss per share of EUR -2.11 (H1 2010: profit per share
of EUR 0.03).
David Zimmer, Altira Group CEO: 'In the first six months of 2011, our
business as a whole has developed relatively unchanged. Based on current
trends in the equity markets, we decided to write down some holdings this
year. However, we continue to have a strong equity basis and the course is
set for future growth. The major success achieved in sales of the
'Stabilität 2010' ('Stability 2010') solar fund, for example, and our
private equity fund-of-funds as well as the launch of new products in the
Commodities and Africa segment reaffirm our strategy of focusing on
alternative investments in the three segments of Renewable Energies&Natural Resources, Africa and German 'Mittelstand'&Restructurings.'
The half-year figures have not been audited. The complete HY report of
Altira Group will be published in September 2011.
++ The 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
__ Renewable Energies&Natural Resources
__ Africa
__ German 'Mittelstand'&Restructurings.
Contact:
Altira Aktiengesellschaft
Alexandra zu Knyphausen
Tel: +49 69 719 12 80 0
E-Mail: investor-relations(at)altira-group.de
End of Corporate News
---------------------------------------------------------------------
02.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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
Germany
Phone: +49 (0)69 719 12 80 - 0
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 News DGAP News-Service
---------------------------------------------------------------------
138137 02.09.2011
Themen in dieser Pressemitteilung:
altira-ag-further-increase-in-altira-group-assets-under-management-in-first-half-year-sales-revenue-relatively-unchanged-ebitda-eur
0-4-million-strong-equity-ratio-of-86
Unternehmensinformation / Kurzprofil:
Datum: 02.09.2011 - 20:15 Uhr
Sprache: Deutsch
News-ID 62073
Anzahl Zeichen: 5534
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 281 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Altira AG: Further increase in Altira Group assets under management in first half year ++ Sales revenue relatively unchanged ++ EBITDA EUR -0.4 million ++ Strong equity ratio of 86%"
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).
