C-QUADRAT Investment AG

EANS-News: Consolidated earnings 1-9/2016 of C-QUADRAT Investment AG

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9-month report

· Net profit for the period amounts to EUR 2.2 million
· Total revenues of EUR 32.0 million
· Assets under management reach annual high of approx. EUR 5.7 billion

In the third quarter of 2016, C-QUADRAT Investment AG (ISIN AT0000613005)
realized total revenues of EUR 32.0 million and a net profit for the period of
EUR 2.2 million. By comparison with the prior period, personnel expenses were
reduced by 10.6% to EUR 7.2 million, while other administrative expenses and
other operating expenses remained slightly lower than in the previous year, at
EUR 6.5 million.
 
As of September 30, 2016, assets under management reached an annual high of
approx. EUR 5.7 billion and were thus only slightly short of the historic all-
time high.
 
"The third quarter was characterized by a clear consolidation of the revenue and
earnings trend. 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 -
continues to have a significant negative impact on net income for the year, but
the company's cost-cutting measures are beginning to pay off. At the same time,
innovative products - e.g. the recently launched direct lending fund for Spanish
small and medium-sized enterprises and the company's microfinance funds in the
social impact investing segment - have generated considerable sales momentum.
This has resulted in clear cash inflows. While the proceeds of these cash
inflows are not yet reflected in the earnings for the past quarter, they will
have a positive impact on C-QUADRAT's future revenue trend," says C-QUADRAT
founder and management board member Alexander Schütz on the subject of the
company's quarterly results.
 
With immediate effect, the interim report 1-9/2016 of C-QUADRAT Investment AG
may be downloaded from the Investor Relations section of its website www.c-
quadrat.at.

Further inquiry note:
Andreas Wimmer
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
E-Mail: a.wimmer@investmentfonds.at 
www.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
 

 


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