EANS-News: 2013 NET INCOME FOR THE YEAR OF C-QUADRAT INVESTMENT AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: C-QUADRAT GROUP REALIZES MAJOR INCREASE IN REVENUES AND VERY FAVORABLE
RESULT IN 2013
annual result
Vienna/Frankfurt (euro adhoc) - - Total Group revenues up 50% to EUR 69.0
million (2012: EUR 46.1 million)
- Group's net profit increases to EUR 9.5 million (2012: EUR 0.2 million)
- Dividend proposal for shareholders' meeting: EUR 2.0 per share (2012: EUR 0.6
per share)
In 2013 C-QUADRAT Investment AG realized a highly successful financial year.
This success was due to various factors. The positive revenue and earnings
trends were mainly attributable to healthy core business, the successful
integration of the British-Italian investment firm BCM in London and the Vienna
asset manager APM and the solid performance of C-QUADRAT's funds.
Revenue from regular management fees was increased thanks to the significant
rise in the volume of assets under management. The solid performance of the
funds of C-QUADRAT and its subsidiaries generated considerable performance fees.
Overall, this yielded growth of 50% in the Group's total revenues which amounted
to EUR 69.0 million (2012: EUR 46.1 million).
The subsidiaries also provided significant contributions to consolidated
earnings. Net income from associates increased by 75.5% to EUR 4.3 million
(2012: EUR 2.4 million). In overall terms, pre-tax earnings of EUR 11.2 million
(2012: EUR 0.3 million) and a net profit (after taxes) of EUR 9.5 million (2012:
EUR 0.2 million) were realized.
Earnings per share amount to EUR 2.20 (2012: EUR 0.06).
C-QUADRAT founder and management board member Alexander Schütz says of these
results: "These positive figures reflect the company's growing momentum.
C-QUADRAT is well positioned and offers a highly diversified product range. The
results of our two new asset management subsidiaries, BCM and APM, have exceeded
our expectations. We will continue to pursue this strategy of the company's
internationalization."
With immediate effect, the 2013 consolidated financial statements and the
standalone financial statements of C-QUADRAT Investment AG may be downloaded
from the Investor Relations section of its website www.c-quadrat.at.
Further inquiry note:
Mag. Andreas Wimmer
Stubenring 2
A-1010 Wien
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