EANS-News: C-QUADRAT Investment AG Consolidated Net Profit 1-3/2013 of
C-QUADRAT Investment AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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3-month report
Vienna/Frankfurt (euro adhoc) - .) Strong improvement in earnings in Q1 2013
.) Net profit for the period of EUR 1.9 million (+185 %)
.) Operating income increase to EUR 15.3 million (+40 %)
.) Strong growth in assets under management
.) C-QUADRAT takes majority stake in QC Partners
In the interim period 1-3/2013 C-QUADRAT Investment AG (ISIN AT0000613005)
realized strong growth in its earnings and a net profit of EUR 1.9 million
(previous year: EUR 0.7 million, +185 %). Operating income for the first quarter
of 2013 amounted to EUR 15.3 million (previous year: EUR 10.9 million, +40 %).
These quarterly figures include for the first time the earnings contributed by
the Company's acquisitions in the previous year, the asset managers BCM
(London/Geneva) and APM (Vienna).
With growth of 47 % in the space of 12 months, the Group has achieved a strong
increase in the total volume of assets under its management. At the end of March
2013 this amounted to EUR 4.47 billion.
In late April, QC Partners GmbH - in which the C-QUADRAT Group now holds a
majority stake (50.01 %) - closed its acquisition of the asset management
business of the German-French investment bank Kepler Cheuvreux. QC Partners GmbH
is an asset manager seated in Frankfurt which specializes in alternative
investment strategies. QC Partners GmbH's assets under management currently
total EUR 160 million. Its partners are the investment boutique Q-Advisers as
well as its management.
C-QUADRAT founder and management board member Alexander Schütz comments: "2013
has got off to a good start. C-QUADRAT is very well placed, with a broadly
diversified product range, while the earnings generated by our two new asset
management subsidiaries - BCM and APM - have exceeded our expectations."
With immediate effect, the interim report 1-3/2013 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
Stubenring 2
A-1010 Vienna
Tel.: +43 1 515 66 316
Mail: a.wimmer@investmentfonds.atwww.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