AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW Invest AG presents record results

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

29.03.2005

AvW Invest AG, listed at the Vienna Stock Exchange, achieved record results for the last financial year. Pre-tax earnings increased by 32 percent to 2.992 million Euro (1993: 2.259 million Euro), annual net profit increased by 35 percent to 2.051 million euro (1993: 1.523 million Euro) and unappropriated surplus grew by 47 percent to 3.823 million Euro (1993: 2.601 million Euro). The balance sum of AvW Invest AG also increased by 47 percent within one year to 27.048 million Euro (1993. 18.428 million Euro). Profit per share increased by 33 percent to 0.68 Euro (1993: 0.51 Euro).

These record results are the product of excellent performance with equity holdings and financial services. The controlled growth of both fields will continue on into this year as well.

A further increase of at least 40 percent is expected for fiscal year 2005. Further details will be announced at today’s Balance Press Conference.

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in thousand EUR                        2004                  2003          change in %
Operating results                  3,452                 2,670                  +19.91
Operating income                    5,463                 4,556                  + 6.09
Operating expenses                 1,986                 1,872                  +29.29
Pre-tax earnings                    2,992                 2,259                  +32.45
Annual net profit                  2,051                 1,523                  +34.67
Unappropriated surplus          3,823                 2,601                  +46.98
Balance sum                          27,048                18,428                  +46.78
Equity capital                      22,344                16,932                  +31.96
Employees                                  170                    140                  +21.43
Capital-to-asset ratio         82.60%                91.90%                  -10.12
D&B Fin. standing rating         1AA1                  1AA1
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Trading figures
for AvW shares                                      2004          2003      change in %
Common shares
(closing price on 31.12.)      EUR        49.00         41.00              +19.51
Pref. shares
(closing price on 31.12.)      EUR        25.00         20.00              +25.00
Profit per share                    EUR         0.68          0.51              +34.67
P/E ratio common shares                      72.05         80.39              -10.37
P/E ratio pref. shares                        36.76         39.22              - 6.27
Market capitalisation
on 31.12.                              TEUR    125,650    108,300                +16.02
Dividends common share          EUR      0.25(1)    0.20(1)              +25.00
Dividends pref. share            EUR      0.50(1)    0.45(1)              +11.11
(1)Proposal at shareholder’s meeting
Dividend payout                    TEUR          980          830                +18.07
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About AvW Invest AG AvW Invest AG is a company of the AvW Group (www.avw.at). The AvW common shares (Reuters: AVWI.VI, Bloomberg: AWS AV) are listed on the Vienna Stock Exchange at the ATX Prime Market; the AvW preferred shares (Reuters: AVWI_p.VI, Bloomberg: AVWI AV) are on the Auctions Market. The Austrian company is based in Krumpendorf am Wörthersee and specialises in financial services, equity holdings and real estate. ~

end of announcement                                euro adhoc 30.03.2005 07:49:30
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Further inquiry note: AvW INVEST AG Mag. Alexandra Anthofer http://www.avw.at

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



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