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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

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
22.05.2007
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:  Norbert.Ketterer@AltaFides.de
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.
end of announcement                               euro adhoc 22.05.2007 07:09:39

Further inquiry note:

Norbert Ketterer
Vorstand
Tel.: +49 (0)341 35520690
E-Mail: ir@altafides.de

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

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