EANS-News: C-QUADRAT Investment AG / C-QUADRAT Investment AG reports 2008 results

• Cash flow reaches new record of EUR 6.1 million
• Commission
income in 2008: EUR 28.1 million
• Operating profit before
depreciation and impairment losses (EBITDA) 2008: EUR 0.3 million
•
Profit before tax (EBT) 2008: EUR -3.4 million
• Reduction in Net
result due to depreciation and impairment: EUR -11.6 million
•
Equity ratio: 57.9%

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balance

Wien (euro adhoc) - Vienna/Frankfurt, 21.04.2009. Despite adverse
conditions on the equity markets, C-QUADRAT Investment AG generated a
positive EBITDA of EUR 0.3 million in fiscal 2008 (2007: EUR 5.3
million). The company´s total income from performance fees fell by
almost EUR 5.4 million in 2008 (-92%) to EUR 0.5 million (2007: EUR
5.9 million). Contrary to the prevailing trend in the industry,
management fee income remained essentially stable due to increased
volume in the Asset Management segment (2008: EUR 19.9 million, 2007:
EUR 20.1 million). The company earned total commission income of EUR
28.1 million in 2008 (2007: EUR 40.2 million).

Highest cash flow in the company´s history Consolidated cash flow
rose to EUR 6.1 million in fiscal 2008. In a difficult financial
year, the C-QUADRAT Group thus achieved the highest cash flow in its
history.

The Group divested from its Hedge Funds operations and recognised
impairment losses on its investments Due to closure of the Hedge
Funds division and impairment losses on its customer bases and on
goodwill in respect of investments, the company recognised a total of
EUR -12.6 million in depreciation and impairment. The resultant net
loss for the year was drawn from tied capital reserves. As at
31.12.2008, the equity and equity ratio of the company were EUR 20.8
million and 57.9%, respectively.

Pre-tax earnings (EBT) were EUR -3.4 million, with net result after
depreciation, impairment losses and discontinuation of hedge fund
operations amounting to EUR -11.6 million.

By implementing cost-reducing measures and recognising depreciation
losses in respect of the customer base in advance, good foundations
have been laid for a return in 2009, after the painful losses of
2008, to the positive earnings achieved in previous years. The annual
financial statements of C-QUADRAT Investment AG are now available for
download at www.c-quadrat.at.

C-QUADRAT- the fund company - is an independent 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
and by devising structured products. 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.

end of announcement euro adhoc
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ots Originaltext: C-QUADRAT Investment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Wimmer

Member of the Board

C-QUADRAT Investment AG

Stubenring 2

A-1010 Wien

Tel.: +43 1 515 66 316

Mail: a.wimmer@investmentfonds.at

www.c-quadrat.com

Branche: Financial & Business Services
ISIN: AT0000613005
WKN:
Index: Standard Market Auction
Börsen: Börse Frankfurt / official market
Wiener Börse AG / official market