C-QUADRAT Investment AG

EANS-News: C-QUADRAT Investment AG
Consolidated Net Income 1-9/2012 of C-QUADRAT Investment AG

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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9-month report


Vienna/Frankfurt (euro adhoc) - - Positive result despite continuing uncertain
market environment and negative one-off factors

- EUR 0.6 million net profit for the period

- Clear reduction in commission and personnel expenses

- One-off transaction costs from acquisition of APM and BCM: EUR 1.1 million 

- Assets under management increase to more than EUR 4 billion through
acquisitions

- EUR 1.3 million valuation adjustment on receivable from the sale of an
investment

In the interim period 1-9/2012 C-QUADRAT Investment AG (ISIN AT0000613005)
realized a consolidated net profit of EUR 0.6 million despite the continuing
uncertain environment on the capital markets.

Total revenues in the interim period 1-9/2012 amounted to EUR 32.8 million. In
terms of costs, commission and personnel expenses were significantly reduced in
relation to the same period in the previous year. The acquisition of the two
asset managers APM and BCM resulted in one-off transaction costs of approx. EUR
1.1 million in Q3 which the Group is required to report as administrative
expenses pursuant to IFRS, unlike in the case of single-entity financial
statements under the Austrian Commercial Code. The company has not yet completed
its acquisition of its interest in BCM, which still requires approval from the
UK Financial Services Authority (FSA).

The company's assets under management have increased to more than EUR 4 billion
through these transactions. In addition, a receivable from the sale of an
investment has undergone a valuation adjustment of EUR 1.3 million in the
interim period.

C-QUADRAT founder and management board member Alexander Schütz comments: "The
one-off costs of approx. EUR 1.1 million resulting from the acquisition of the
two asset managers APM and BCM and the unexpected valuation adjustment
recognized on a receivable have had a negative impact on earnings in the 3rd
quarter. Adjusted for these transaction and valuation adjustment expenses, the
net profit for Q3 is 30 % higher than for Q2. We are consistently following
through on our ongoing cost reduction measures, and the assets which we have
acquired through these takeovers will generate a lasting improvement in the
company's profitability."

With immediate effect, the interim report 1-9/2012 of C-QUADRAT Investment AG is
available for downloading at www.c-quadrat.at in the Investor Relations area.


Further inquiry note:
Andreas Wimmer
Stubenring 2
A-1010 Vienna
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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