euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial Figures/Balance Sheet
ALTA FIDES AG with successful first quarter in 2007 ALTA FIDES AG publishes report regarding 1st quarter 2007: Consolidated sales of EUR 8.92 million (+299 p

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3-month report


Stuttgart, 22 May 2007. During the first quarter of 2007, ALTA  FIDES AG  Group (ISIN: DE000A0B7EZ7) achieved operating  results  (EBIT) to the  amount  of EUR  4.08 million (Q1/2006: EUR 2.42 million) with a total turnover and operating  revenue of EUR 10.34 million (Q1/2006: EUR 4.65 million). During  the  reporting  period the profit increased to EUR 2.95  million(Q1/2006: EUR 1.35 million) which corresponds to net earnings of  EUR  0.42  per  share.  With regard to turnover and revenue the first quarter of  2007 was the best first quarter ever in the history of the company.

This result has to be considered in view of the cyclical course of the  business operated by ALTA FIDES AG. On account of the course of the  projects  the  sales and revenue generated by the company are traditionally much  higher  during the second half of the  year.  For this  reason,  ALTA  FIDES  AG  expects  further increases with regard to the total turnover and operating  revenue  as well as with regard to profits for the coming quarters and confirms its budgeting for the year.

These expectations are backed by a high demand in the  new  segment   of "micro-apartments".  These  are  largely  small  apartments   created  for students or professional commuters. The first two projects of this kind have been commenced in Erlangen and Leipzig - further ones are to follow in other university towns in Germany. The new business segment of non-performing loans (NPL)operated by the subsidiary PROFECTO AG also shows a positive development.

For further information please contact:

Norbert Ketterer Management Board

Phone: +49 341 - 355 20 60 E-mail:

Alta Fides AG is quoted under ISIN DE000A0B7EZ7 in the floor trading systems in Frankfurt/Main, Stuttgart, Berlin-Bremen and Düsseldorf as well as in the electronic trading system of XETRA.

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ots Originaltext: ALTAFIDES Aktiengesellschaft für Grundvermögen
Im Internet recherchierbar:

Further inquiry note:
Norbert Ketterer
Tel.: +49 (0)341 35520690

Branche: Real Estate
ISIN:      DE000A0B7EZ7
WKN:        A0B7EZ
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade

Weitere Meldungen: YOUNIQ AG

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