EANS-News: Half-year results 2016 for C-QUADRAT Investment AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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6-month report
· Total revenues: EUR 21.0 million
· Net profit for the period: EUR 0.9 million
· Assets under management: EUR 5.3 billion
In the first six months of 2016, C-QUADRAT Investment AG (ISIN AT0000613005)
realized total revenues of EUR 21.0 million and a net profit for the period of
EUR 0.9 million. By comparison with the prior period, personnel expenses were
reduced by 12.8% to EUR 4,8 million, while other administrative expenses and
other operating expenses have increased by 6.6% to EUR 4.5 million.
Despite the difficult market environment over the past six months, the volume of
assets under the company's management remained almost unchanged. As of June 30,
2016, the total assets managed by the C-QUADRAT Group amounted to EUR 5.3
billion, compared to EUR 5.4 billion (-1.5%) as of December 31, 2015.
"The revenue and earnings trends were clearly negatively affected by the almost
complete loss of performance-related management fees in the first six months of
the year, which had reached a record level in 2015. In terms of costs, every
process within the company is currently being scrutinized. Nonetheless, in the
first six months of 2016 we continued to invest in promising projects in order
to diversify our product range. Sales of funds in the Social Impact Investing
segment have developed particularly positively. We have been granted permission
to distribute our microfinance funds in Germany, and so far these funds have met
with a very warm response on the market. We see a strong market potential here,"
says C-QUADRAT founder and management board member Alexander Schütz of the
report for the first six months of the year.
With immediate effect, C-QUADRAT Investment AG's report for the first six months
of 2016 is available for downloading from the Investor Relations section at
www.c-quadrat.at.
Further inquiry note:
Andreas Wimmer
Member of the Board
Schottenfeldgasse 20
A-1070 Wien
Tel.: +43 1 515 66 316
E-Mail: a.wimmer@investmentfonds.atwww.c-quadrat.com
end of announcement euro adhoc
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company: C-QUADRAT Investment AG
Schottenfeldgasse 20
A-1070 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.com
sector: Financial & Business Services
ISIN: AT0000613005
indexes: Standard Market Auction
stockmarkets: official market: Frankfurt, Wien
language: English