euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial
Figures/Balance Sheet
In 2007, Alta Fides AG increased revenue by 94% from EUR
26.25m (2006) to EUR 50.82(2007). Parallel, corporate profit increased by 94% -
EUR 6.04m (2006) ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
30.04.2008
In 2007, Alta Fides AG (ISIN DE000A0B7EZ7) increased revenue by 94% from EUR 26.25m (2006) to EUR 50.82(2007). Parallel, corporate profit increased by 94% - EUR 6.04m (2006) to EUR 11.73m (2007). EBIT increased by 61% from EUR 10.71m (2006) to EUR 17.33m (2007). Profit per Share improved (undiluted) by 90% from EUR 0.84/share to EUR 1.60/share.
In 2007, Alta Fides AG was able to increase profits by 278% in one of its divisions. Revenues in Division 2 - Portfolio Holding & Trading - climbed by 278% from EUR 6.31m (2006) to EUR 23.90m (2007).
In 2008, the company's focus is Division 4 - Campus Real Estate. Alta Fides will intensify its commitment to this business field of student housing to further establish its 'first mover' advantage in this new class of real estate assets. Over the next year, Alta Fides will further expand its nationwide development of student housing. A portion of the finished properties will be held by Alta Fides, while the balance will be sold to institutional investors.
Please find more detailed information in the 2007 Annual Company Report.
The Board of Directors
ALTA FIDES AG Altenbergstraße 3 70180 Stuttgart
end of announcement euro adhoc
Further inquiry note:
Norbert Ketterer
Vorsitzender des Vorstands
Tel.: +49 (0)341 3552060
E-Mail: ir@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