AvW Invest AG

euro adhoc: AvW INVEST AG
100 employees at AvW INVEST (E)

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AvW INVEST now employs a total of 100 people in its core operating activities - financial services - compared with 84 in 2001.  In addition to financial services, the AvW Group also operates in the real estate and investment business. CEO Wolfgang Auer von Welsbach envisages an improvement in operating income and a reduction in expenses for the 2002 financial year. This not only shows how successful the cost cutting policy has been, but also reflects the company’s strategic reorientation focusing on the financial services and real estate business. AvW’s most important investments in the financial services sector: FGN Wertpapierhandelshaus und Beteiligungs AG with headquarters in Frankfurt - 40% stake. Bürger&Service GmbH based in Bregenz - 75% holding. Sella Austria Consult AG with registered office in Klagenfurt - 25.17% share. The interim report for the first half of 2002 will be presented on 20 August 2002.

end of announcement            euro adhoc 23.07.2002
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Further inquiry note: Frau Helga Caldera

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        093040
Index:    Prime.market
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Wiener Börse AG / official dealing



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