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YOUNIQ AG

euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial Figures/Balance Sheet
Financial figures third quarter 2008 EBIT and revenues during the third quarter 2008 burdened due to extraordinary effects; considerable increase of ...

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
13.11.2008
During its third quarter 2008 ALTA FIDES AG has achieved operating  
revenues  of EUR 234,000 (Q3/2007: EUR 3.5 million). The annual 
result  after  taxes  in  the third  quarter  was  negative  
amounting  to  EUR  -965,000  (Q3/2007:  EUR  2.8 million). The 
consolidated turnover in the third quarter amounted to  EUR  8.036 
million (Q3/2007: EUR 8.745 million).
A  significant  reason  with  respect  to  the  decrease  in  
turnover  were  in particular declining distribution activities as a 
consequence  of  the  current capital market situation. The operating
result  in  Q3  amounts  to  EUR  1.234 million after adjustments 
with regard to singular expenses (EUR  1  million)  in relation to 
the acquisition of the majority stake by  CORESTATE  Capital  Group. 
Deliberate investments in the growth of the  business  segment  
"Student  Homes" led to a significant increase of the finance  
expenses  and  consequently  to  a negative result  in  the  third  
quarter  2008  after  taxes  amounting  to  EUR -965,000.
ALTA FIDES AG achieved   -  in  particular  through  building  up  
the  business segment "Student Homes" - an increase  of  its  overall
turnover,  consolidated after the first three quarters, to  EUR  71  
million  (corresponding  period  in 2007: EUR 32.4 million) and  thus
significantly  by  119%  as  opposed  to  the previous year. With 
respect to the investment by CORESTATE Group ALTA  FIDES  AG expects 
to successfully continue its growth strategy in the  promising  
business segment "Student Homes". Through the  nationwide  
acquisition  of  premises  and existing real estate assets as well as
through  several  newly  developed  real estate assets a portfolio of
student homes will be established during  the  next years and thus 
added value will be created in this new class of assets.
ALTA FIDES Aktiengesellschaft für Grundvermögen
Management Board
end of announcement                               euro adhoc

Further inquiry note:

Rainer Fuchs
Vorstand
Tel.: +49 (0)341 35520690
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

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