euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial
Figures/Balance Sheet
Alta Fides AG confirms planned profit of EUR 1.84 per
share for 2007
During the first nine months of 2007, Alta Fides AG achieved consolidated
sales ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
12.11.2007
Stuttgart - Until the third quarter 2007, ALTA FIDES AG Group (ISIN: DE000A0B7EZ7) has generated an operating result of EUR 11.73 million with a total turnover and operating revenue of EUR 32.42 million (semi-finished goods: EUR 0.8 million) which corresponds to a plus of 46 percent compared with the same period during the previous year (EUR 8.03 million). During the period under review, the net profit increased to EUR 7.57 million, which corresponds to a result of EUR 0.99 per share. This positive development of business is supported, in particular, by considerably higher sales in the field of trading and own portfolio - the sale of apartments and the rental revenue. Provided the conditions on the respective market are attractive, ALTA FIDES AG continuously expands its portfolio of real estate properties. For example, the company acquired 14 reconstructed multifamily buildings with a total floor area of 10,677 m² in the region around Leipzig at a purchase price of approx. EUR 675 per sqm. as recently as on 08 November 2007. The rental yield of the portfolio amounts to considerably more than 8 percent. Campus Real Estate AG, a subsidiary of ALTA FIDES AG, develops already four projects and a total of 1300 students housing units, other concrete locations are in the pipeline. On the basis of projects which have already been secured and of settlements of invoicing for the fourth quarter, the forecasts referred to in the headline are confirmed.
end of announcement euro adhoc 12.11.2007 14:43:46
Further inquiry note:
Norbert Ketterer
Member of the Management Board
Tel.: +49 341 355 20 60
E-Mail: Norbert.Ketterer@altafides.de
Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade