EANS-News: C-QUADRAT Investment AG
Consolidated Net Profit 1-3/2013 of
C-QUADRAT Investment AG
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report Vienna/Frankfurt (euro adhoc) - .) Strong improvement in earnings in Q1 2013 .) Net profit for the period of EUR 1.9 million (+185 %) .) Operating income increase to EUR 15.3 million (+40 %) .) Strong growth in assets under management .) C-QUADRAT takes majority stake in QC Partners In the interim period 1-3/2013 C-QUADRAT Investment AG (ISIN AT0000613005) realized strong growth in its earnings and a net profit of EUR 1.9 million (previous year: EUR 0.7 million, +185 %). Operating income for the first quarter of 2013 amounted to EUR 15.3 million (previous year: EUR 10.9 million, +40 %). These quarterly figures include for the first time the earnings contributed by the Company's acquisitions in the previous year, the asset managers BCM (London/Geneva) and APM (Vienna). With growth of 47 % in the space of 12 months, the Group has achieved a strong increase in the total volume of assets under its management. At the end of March 2013 this amounted to EUR 4.47 billion. In late April, QC Partners GmbH - in which the C-QUADRAT Group now holds a majority stake (50.01 %) - closed its acquisition of the asset management business of the German-French investment bank Kepler Cheuvreux. QC Partners GmbH is an asset manager seated in Frankfurt which specializes in alternative investment strategies. QC Partners GmbH's assets under management currently total EUR 160 million. Its partners are the investment boutique Q-Advisers as well as its management. C-QUADRAT founder and management board member Alexander Schütz comments: "2013 has got off to a good start. C-QUADRAT is very well placed, with a broadly diversified product range, while the earnings generated by our two new asset management subsidiaries - BCM and APM - have exceeded our expectations." With immediate effect, the interim report 1-3/2013 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 Stubenring 2 A-1010 Vienna Tel.: +43 1 515 66 316 Mail: a.wimmer@investmentfonds.at www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell