16.08.2011 – 08:55

C-QUADRAT Investment AG

EANS-News: C-QUADRAT Investment AG
Half Year Results 2011 of C-QUADRAT Investment AG

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6-month report


Vienna / Frankfurt (euro adhoc) - • Strong increase in management fees from EUR
16.2 million to EUR 23.2 million
• Personnel expenses reduced from EUR 4.6 million to EUR 3.8 million
• Net profit for the period amounts to EUR 2.0 million 

In the first half of 2011, C-QUADRAT Investment AG (ISIN AT0000613005) realized
a net profit for the period of EUR 2.0 million. The strong increase in
management fees, from EUR 16.2 million to EUR 23.2 million (+ 43%), is a
particularly positive result. The management fees are the fees charged for the
continuous management of investment funds. The management fees represent the
basis of an asset manager´s revenue structure and are the most important
indicator for the long-term earnings power of the Company.

Besides the growth in assets under management, this strong increase in
management fees is mainly attributable to the replacement of institutional
assets with retail assets offering higher margins. The significantly higher
management fees in the first half of 2011 represent a crucial improvement in the
Company´s long-term earnings power.

In last year´s semi-annual report, C-QUADRAT previously indicated that the
amount of the performance fees may be subject to significant fluctuations, which
are also dependent on current stock market events. Due to the weak and volatile
stock market environment triggered by the events in Japan and the international
debt crisis, performance fees fell in the first half of 2011 from EUR 9.8
million to EUR 0.2 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.

Personnel expenses dropped from EUR 4.6 million to EUR 3.8 million during the
first half of 2011. Other administrative expenses increased from EUR 2.5 million
to EUR 2.6 million. Net profit for the period under review amounts to EUR 2.0
million (2010: EUR 8.5 million).

C-QUADRAT founder and management board member Alexander Schütz comments: "We
were able to generate good results particularly in the retail segment and
therefore have high recurring revenues. Thus, we are in a better position than
ever before. Successful asset managers can realize extremely strong results in
good stock market environments. 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 first half of 2011. Despite difficult market environments, we believe
that we are well positioned for the second half of the year, during which we
plan to launch several new and innovative funds on the market."

The half year report of C-QUADRAT Investment AG for 2011 can be downloaded
immediately from the Investor Relations area on the website www.c-quadrat.at.


Further inquiry note:
Mag. Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 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
             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