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Adhoc announcement: Preliminary quarterly results of C-QUADRAT Investment AG for Q1/2010
- Operating income up from EUR 6.2 million to EUR 16.6 million (incl. EUR 7.2 million performance fees)
- Costs for staff and administration efforts rose from EUR 2.7 million to EUR 4.1 million
- Profits up from EUR -0.4 million to EUR 3.9 million
- Net profit up from EUR -0.2 million to EUR 4.7 million
C-QUADRAT Investment AG (ISIN AT0000613005) recorded a boost in profits in the first quarter of 2010. Consolidated operating income for Q1/2010 amounted to EUR 16.6 million, which equates to a yearonyear increase of EUR 10.4 relative to Q1/2009.
The improvement of operating income is attributable to an increase in management fees, of around 67% and above all to the net performance fees (the fees that the C-QUADRAT investment company receives as performancebased payment when the NAV of the investment funds it manages raise above a high watermark level) in the amount of EUR 4.5 million. This is attributable to the pleasant development of the world stock markets in Q1/2010 (MSCI World-Index +9.32%). Due to the uncertainty of the future trends in prices at the world stock markets an analogous development of the performance fees in the proceeding quarters of 2010 can not be assumed.
The costs for staff and administration efforts rose from EUR 2.7 million to EUR 4.1 million in the period under review.
Firstquarter profits improved from EUR -0.4 million in Q1/2009 to EUR 3.9 million in Q1/2010. The net profit for Q1/2010 amounts to EUR 4.7 million, compared to EUR -0.2 million in Q1/2009.
The final results for the first quarter of 2010 will be published as corporate news on 17.5.2010, in the form of a quarterly report, and on the website of C-QUADRAT Investment AG under www.c-quadrat.at / Investor Relations.
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