Half Year Results 2010 of C-QUADRAT Investment AG
- Operating Income EUR 29.6 million
- Operating Profit EUR 5.4 million
- Net Profit EUR 8.5 million
C-QUADRAT Investment AG (ISIN AT0000613005) concluded the first half year of 2010 with an operating income of EUR 29.6 million (first half year of 2009: EUR 13.5 million; +119%), an operating profit of EUR 5.4 million (first half year of 2009: EUR -0.2 million) and a net profit of EUR 8.5 million (first half year of 2009: EUR 0.1 million).
The operating income for the first half year of 2010 is EUR 29.6 million (up 119% against EUR 13.5 million for first half year of 2009). Of this figure, EUR 16.2 million are due to management fees (+61% against EUR 10.0 million for first half year of 2009) and EUR 9.8 million due to performance fees (against EUR 0.1 million for first half year of 2009). The fee and commission expenses amounted to EUR 16.5 million (+106% against EUR 8.0 million for first half year of 2009). The company's personnel expenses for the first half year of 2010 are EUR 4.6 million (+52% against EUR 3.1 million for first half year of 2009). Other administrative expenses amounted to EUR 2.5 million and thus were 34% higher than the comparable item of the previous year (EUR 1.8 million for first half year of 2009). In total, for the first six months of 2010, the company achieved an operating profit of EUR 5.4 million (against EUR -0.2 million for first half year of 2009), and a net profit of EUR 8.5 million (against EUR 0.1 million for first half year of 2009).
The results per share during the first half year of 2010 amounted to EUR 1.95 (EUR 0.02 for first half of 2009).
"The first half year results are satisfactory, but they were clearly carried by the performance fees which cannot be planned in advance, and will come to bear when the C-QUADRAT funds reach new peaks. Due to the currently very volatile activities on the stock markets, we cannot assume similar development of the business in the second half of the year". These are the comments of Alexander Schütz, the C-QUADRAT founder and Management Board Member, regarding the half year results of the company.
The half year report of C-QUADRAT Investment AG for 2010 can be downloaded immediately from the Investor Relations area on the website www.c-quadrat.at/.
C-QUADRAT Investment AG
C-QUADRAT, the fund company - is an independent, quantitative asset manager operating across Europe. Founded in 1991, the company has had is own asset management company with a bank licence since 2003 and has been listed in the Prime Standard of the Frankfurt Stock Exchange since November 2006 and at the Vienna Stock Exchange since May 2008. The C-QUADRAT team has made a name for itself across Europe with its asset management, analysis and investment fund management activities. Innovative investment strategies for institutional investors round off the product offering. Many banks, insurance companies and financial service providers operating internationally rely on the expertise of C-QUADRAT. As at 30.06.2010, C-QUADRAT had a total of EUR 4.8 billion of Fee Generating Assets, EUR 3.1 billion of that total in the Asset Management segment.