EANS-News: Consolidated earnings 1-3/2016 of C-QUADRAT Investment AG

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3-month report

o Assets under management: EUR 5.3 billion
o Total revenues: EUR 10 million
o Net profit for the period: EUR 0.5 million

For the C-QUADRAT Group, the first quarter of 2016 was shaped by the
effects of one of the worst starts to the stock-market year of all
time. Despite cost savings by comparison with the same quarter in the
previous year, due to the almost complete loss of performance-related
management fees - which had reached a record level in 2015 - it
proved impossible to avoid a significant decline in revenues and
earnings.

In the 1st quarter of 2016, the total revenues of C-QUADRAT
Investment AG amounted to EUR 10 million (2015: EUR 40.9 million
incl. performance-related management fees with a volume of EUR 27
million). Due to a changeover of commission payment procedures -
funds of C-QUADRAT Kapitalanlage AG have been outsourced to external
management companies - an annual comparison of the total revenue from
regular management fees and performance-related management fees for
the same quarters in the years 2015 and 2016 is not possible.

Personnel expenses have declined by 26 per cent to EUR 2.3 million
(2015: EUR 3.1 million). Other administrative expenses have fallen by
2 per cent to EUR 1.9 million (2015: EUR 2 million).

At EUR 0.5 million, the profit for the period is significantly lower
than the record result achieved in the same quarter in 2015 (EUR 15.4
million).

At the end of March the company's equity amounted to EUR 55.8 million
(12/2015: EUR 56.2 million). In the first quarter its equity ratio
rose from 79 per cent to 80 per cent of the balance sheet total as of
the 2016 reporting date.

As of the reporting date, C-QUADRAT's assets under management
amounted to approx. EUR 5.3 billion. With offices in Vienna, London,
Frankfurt, Geneva and Yerevan and sales activities in 19 countries,
C-QUADRAT is active throughout Europe and Asia.

"This profit for the past period is unsatisfactory, following the
extraordinary record result for the first quarter of the previous
year. Since there is likewise no prospect of performance-related
management fees over the next few quarters due to the situation on
the stock markets, we are currently focusing on increasing the volume
of assets under our management through intensive sales efforts in our
core markets, while evaluating new projects. On the costs side, we
are continuing to consistently follow through on our current savings
program," says C-QUADRAT founder and management board member
Alexander Schütz on the subject of the company's quarterly results.

With immediate effect, the interim report 1-3/2016 of C-QUADRAT
Investment AG may be downloaded from the Investor Relations section
of its website www.c- quadrat.at.

Further inquiry note:
Mag. Andreas Wimmer
Member of the board
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
E-Mail: a.wimmer@investmentfonds.at
www.c-quadrat.com

end of announcement euro adhoc
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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