euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
quarterly or semiannual financial statement
ALTA FIDES AG continues its course towards expansion . ALTA FIDES AG publishes report on 1st quarter 2008

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quaterly report


During the first quarter of 2008 ALTA FIDES AG Group (ISIN:   DE000A0B7EZ7) has considerably increased its total turnover and operating revenue by 77 % to EUR 18.3 million (Q1/2007: EUR 10.3 million.) and generated an operating result of EUR 5.9 million (Q1/2007: EUR 4.08 million). During the period under review the profit for the financial year increased to EUR 3.2 million (Q1/2007: EUR 2.95 million). These parameters have to be evaluated against the backdrop of the cyclical course of the business of ALTA FIDES AG. Because of the course of the projects the sales and revenues generated by the company are traditionally much higher during the second half of the year.

In particular the business division "CAMPUS Real Estate" has an extremely high potential for growth within ALTA FIDES AG Group. During the first quarter of 2008, three further properties have already been acquired, while, at the same time, negotiations regarding the development of renowned university towns are in an advanced stage. The first projects comprising approx. 1,850 apartments are already in the implementation stage or in development phase. For the year 2008 CAMPUS Real Estate AG expects a considerable increase of the residential units through further acquisitions.

The Management Board

ALTA FIDES AG Altenbergstraße 3 70180 Stuttgart

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ots Originaltext: ALTAFIDES Aktiengesellschaft für Grundvermögen
Im Internet recherchierbar:

Further inquiry note:
Norbert Ketterer
Tel.: +49 (0)341 3552060

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

Weitere Meldungen: YOUNIQ AG

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