C-QUADRAT Investment AG

EANS-News: C-QUADRAT Investment AG
C-QUADRAT Investment AG´s quarterly results for Q1-2011

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

quarterly report

Vienna/Frankfurt (euro adhoc) - • Strong increase in management fees from EUR 7.6 million to EUR 11.5 million (+52 %) • Personnel and administrative expenses reduced from EUR 4.1 million to EUR 3.4 million • Net profit amounts to EUR 1.0 million

In the 1st quarter of 2011, C-QUADRAT Investment AG (ISIN AT0000613005) realized a net profit of EUR 1.0 million. The strong increase in management fees, from EUR 7.6 million to EUR 11.5 million (52 %), is a particularly positive result. The management fees are the fees charged for the continuous management of C-QUADRAT´s investment funds. Besides the growth in assets under management, this strong increase is mainly attributable to the replacement of institutional assets with retail assets offering higher margins. The higher management fees represent a significant improvement in the company´s long-term revenue structure.

In the 1st quarter of the previous year, C-QUADRAT already indicated that an analogous trend should not be expected for performance fees. Due to the weak and volatile stock market environment triggered by the events in Japan, in the 1st quarter of 2011 performance fees fell from EUR 7.2 million to EUR 0.1 million. C-QUADRAT earns these fees when the investment funds under its management achieve a positive performance beyond a high watermark. These performance fees accordingly fluctuate strongly from quarter to quarter.

In the 1st quarter of 2011, personnel and administrative expenses fell from EUR 4.1 million to EUR 3.4 million. Net profit amounts to EUR 1.0 million (2010: EUR 4.7 million).

C-QUADRAT founder and management board member Alexander Schütz comments: "Due to the strong growth realized by our assets under management - particularly in the retail segment - we have high recurring revenues and are thus in a better position than ever before. Successful asset managers can realize extremely good results in exceptional years. But it´s more important to achieve good results in a challenging stock market environment as well. We were able to do just that in the 1st quarter of 2011."

end of announcement                               euro adhoc


Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Vienna
Tel.: +43 1 515 66 316
Mail: a.wimmer@investmentfonds.at

Branche: Financial & Business Services
ISIN: AT0000613005
Index: Standard Market Auction
Börsen: Frankfurt / official market
Wien / official market

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