C-QUADRAT Investment AG

EANS-News: C-QUADRAT Investment AG
Consolidated Net Profit for the year 2011 of C-QUADRAT Investment AG

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annual result


Vienna / Frankfurt (euro adhoc) - • Strong increase in management fees (25%)
from EUR 35.8 million to EUR 44.7 million 
• Personnel expenses reduced from EUR 8.4 million to EUR 6.6 million 
• Net profit for the year amounts to EUR 3.0 million 

In 2011 C-QUADRAT Investment AG (ISIN AT0000613005) realized a net profit of EUR
3.0 million. The strong increase in management fees, from EUR 35.8 million to
EUR 44.7 million (25%), is particularly notable. The management fees are the
fees charged for the continuous management of investment funds. They represent
the basis of an asset manager´s revenue structure and are the most important
indicator for the long-term earnings power of the Company.

This strong increase in management fees is due to the average level of growth of
assets under management over the year and the replacement of institutional
assets with retail assets offering higher margins. The significantly higher
management fees in 2011 represent a crucial improvement in the Company´s
long-term earnings power.

Personnel expenses dropped from EUR 8.4 million to EUR 6.6 million in 2011.
Other operating expenses were at EUR 4.5 million slightly lower than in the
previous year (EUR 4.6 million). The net profit for the year under review is EUR
3.0 million.

C-QUADRAT founder and management board member Alexander Schütz comments: "2011
was a particularly difficult year for all asset managers. For the first time in
many years, it was not possible to achieve any performance fees in the negative
stock market environment. This is naturally reflected in the net profit for the
year. However, at the same time we have succeeded in cutting our costs and -
even more importantly - we have increased our management fees by 25%. We are
thus now very well positioned. Successful asset managers can realize extremely
strong results in good stock market environments. But it´s more important to
achieve good results in a challenging stock market environment as well. We have
managed this in 2011 and, following a positive start to the year, we have an
optimistic view of 2012."

The consolidated financial statements and the standalone financial statements
2011 of C-QUADRAT Investment AG can be downloaded in German immediately from the
Investor Relations area on the website www.c-quadrat.at. English versions will
follow soon.


Further inquiry note:
Mag. Andreas Wimmer
Member of the Board
Stubenring 2
A-1010 Wien
Tel.: +43 1 515 66 316
Mail: a.wimmer@investmentfonds.at 
www.c-quadrat.com

end of announcement                               euro adhoc 
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company:     C-QUADRAT Investment AG
             Stubenring 2
             A-1010 Wien
phone:       +43 1 515 66-0
FAX:         +43 1 515 66-159
mail:     c-quadrat@investmentfonds.at
WWW:      www.c-quadrat.at
sector:      Financial & Business Services
ISIN:        AT0000613005
indexes:     Standard Market Auction
stockmarkets: official market: Frankfurt, Wien 
language:   English
 



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