2016 Net Income for the Year of C-QUADRAT Investment AG

31.03.2017, 2773 Zeichen

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.
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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