C-QUADRAT Investment AG's quarterly results for Q1-2011

(PresseBox) ( Vienna/Frankfurt, )
- Strong increase in management fees from EUR 7.6 million to EUR 11.5 million (+52 %)
- Personnel and administrative expenses reduced from EUR 4.1 million to EUR 3.4 million
- Net profit amounts to EUR 1.0 million

In the 1st quarter of 2011, C-QUADRAT Investment AG (ISIN AT0000613005) realized a net profit of EUR 1.0 million. The strong increase in management fees, from EUR 7.6 million to EUR 11.5 million (52 %), is a particularly positive result. The management fees are the fees charged for the continuous management of C-QUADRAT's investment funds. Besides the growth in assets under management, this strong increase is mainly attributable to the replacement of institutional assets with retail assets offering higher margins. The higher management fees represent a significant improvement in the company's long-term revenue structure.

In the 1st quarter of 2011, personnel and administrative expenses fell from EUR 4.1 million to EUR 3.4 million. Net profit amounts to EUR 1.0 million (2010: EUR 4.7 million).

C-QUADRAT founder and management board member Alexander Schütz comments: "Due to the strong growth realized by our assets under management - particularly in the retail segment - we have high recurring revenues and are thus in a better position than ever before. Successful asset managers can realize extremely good results in exceptional years. But it's more important to achieve good results in a challenging stock market environment as well. We were able to do just that in the 1st quarter of 2011."
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.