EANS-News
2016 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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annual result
· Total revenues: EUR 44.3 million
· Group's net profit for the year amounts to EUR 3.3 million
· Assets under management: EUR 6 billion
In the 2016 financial year, C-QUADRAT Investment AG (ISIN
AT0000613005) realized total revenues of EUR 44.3 million and a net
profit for the period of EUR 3.3 million. At EUR 10.5 million,
personnel expenses were 4.8% lower than in the previous year. Other
administrative expenses and other operating expenses amounted to EUR
8.6 million (2.1% lower than in 2015) and EUR 0.7 million (7.6% lower
than in 2015) respectively.
Over the course of the year, assets under management increased by
11.7% and had reached an all-time high of EUR 6 billion as of
December 31, 2016.
The dividend proposal is EUR 1.50 per share (2015: EUR 4.0 per
share).
"We managed to increase our volume of assets under management to an
all-time high in 2016, while implementing a cost-cutting program at
the same time. Our revenue and earnings trends in 2016 were
nonetheless clearly negatively affected by the almost complete loss
of performance-related management fees, which had reached a record
level in 2015. While earnings for the first six months of 2016 fell
significantly short of earnings in the same period in 2015, the
company's business development picked up considerably in the second
half of the year and surpassed the same six-month period in the
previous year. In addition, in 2016 we continued to invest in
promising projects in order to diversify our product range. Sales of
funds in the Social Impact Investing segment developed highly
positively. We have been granted permission to distribute our
microfinance funds in Germany, and these funds have met with a very
warm response on the market. We have also made huge progress with our
special funds for institutional investors," says C-QUADRAT founder
and management board member Alexander Schütz on the subject of the
company's net income for the year.
With immediate effect, the 2016 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:
Andreas Wimmer
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
Email: a.wimmer@investmentfonds.at
www.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
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
annual result
· Total revenues: EUR 44.3 million
· Group's net profit for the year amounts to EUR 3.3 million
· Assets under management: EUR 6 billion
In the 2016 financial year, C-QUADRAT Investment AG (ISIN
AT0000613005) realized total revenues of EUR 44.3 million and a net
profit for the period of EUR 3.3 million. At EUR 10.5 million,
personnel expenses were 4.8% lower than in the previous year. Other
administrative expenses and other operating expenses amounted to EUR
8.6 million (2.1% lower than in 2015) and EUR 0.7 million (7.6% lower
than in 2015) respectively.
Over the course of the year, assets under management increased by
11.7% and had reached an all-time high of EUR 6 billion as of
December 31, 2016.
The dividend proposal is EUR 1.50 per share (2015: EUR 4.0 per
share).
"We managed to increase our volume of assets under management to an
all-time high in 2016, while implementing a cost-cutting program at
the same time. Our revenue and earnings trends in 2016 were
nonetheless clearly negatively affected by the almost complete loss
of performance-related management fees, which had reached a record
level in 2015. While earnings for the first six months of 2016 fell
significantly short of earnings in the same period in 2015, the
company's business development picked up considerably in the second
half of the year and surpassed the same six-month period in the
previous year. In addition, in 2016 we continued to invest in
promising projects in order to diversify our product range. Sales of
funds in the Social Impact Investing segment developed highly
positively. We have been granted permission to distribute our
microfinance funds in Germany, and these funds have met with a very
warm response on the market. We have also made huge progress with our
special funds for institutional investors," says C-QUADRAT founder
and management board member Alexander Schütz on the subject of the
company's net income for the year.
With immediate effect, the 2016 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:
Andreas Wimmer
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
Email: a.wimmer@investmentfonds.at
www.c-quadrat.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
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
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