EANS-News: 2014 NET INCOME FOR THE YEAR OF C-QUADRAT INVESTMENT AG
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annual result
.) Total Group revenues up 37% to EUR 94.9 million (2013: EUR 69.0 million)
.) Group's net profit for the year increases to EUR 22.4 million (2013: EUR 9.5
million)
.) Dividend proposal for shareholders' meeting: EUR 3.0 per share (2013: EUR 2.0
per share)
In 2014 C-QUADRAT Investment AG realized another highly successful financial
year. This success was due to various factors. The company's positive revenue
and earnings trends were mainly attributable to healthy core business,
significant growth in the volume of assets under its management thanks to the
performance of C-QUADRAT's funds, the expansion of its sales activities and
efficient cost management.
Revenue from regular management fees was increased thanks to the significant
rise in the volume of assets under the company's management. Moreover, the solid
performance of the funds of C-QUADRAT and its subsidiaries generated
considerable performance-based management fees. Overall, this yielded growth of
37% in the Group's total revenues, which amounted to EUR 94.9 million (2013: EUR
69.0 million).
The subsidiaries also provided significant contributions to consolidated
earnings. Net income from associates increased by 98.3% to EUR 8.5 million
(2013: EUR 4.3 million). In overall terms, in 2014 pre-tax earnings of EUR 27.1
million (2013: EUR 11.2 million) and a net profit for the year (after taxes) of
EUR 22.4 million (2013: EUR 9.5 million) were realized.
Earnings per share amount to EUR 5.05 (2013: EUR 2.20).
C-QUADRAT founder and management board member Alexander Schütz says of these
results: "2014 was a very good year for unit holders in C-QUADRAT funds and it
was also a very good year for C-QUADRAT's shareholders. Thanks to the continuing
growth in the volume of assets managed by the C-QUADRAT Group, the company has
realized further improvements in its revenue base. We will continue to pursue
our strategy of the company's internationalization."
With immediate effect, the 2014 consolidated financial statements and the
standalone financial statements of C-QUADRAT Investment AG are available in
German for downloading at www.c-quadrat.at in the Investor Relations area.
English versions will follow soon.
Further inquiry note:
Andreas Wimmer
Member of the board
Schottenfeldgasse 20
A-1070 Vienna
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