AvW Invest AG

euro adhoc: AvW INVEST AG
Quarterly or Semiannual Financial Statements / Massive increase in profits at AvW Invest AG during the first half year

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16.08.2005

AvW Invest AG, a company listed on the Vienna Stock Exchange, has achieved the best result in its history in the first half of this year. The operating result rose by 5,4 per cent to EUR 2,336 million, the profit before taxes by 32,4 per cent to EUR 2,680 million, the net profit for the period by 45,5 per cent to EUR 1,941 million, and the accumulated profits by 53,6 per cent to EUR 4,771 million. The balance sheet total increased by 57 per cent to EUR 31,177 million. In the first six months of the current financial year, the earnings per share rose by 45,5 per cent to EUR 0,64(Year before: 0,68).

This result has been based on above average growth rates, principally in the financial services field. There has been outstanding development in the trading segment, and the demand for capital investments, particularly for the company’s own asset participation certificate, the AvW Index, is continuing to grow strongly. There has also been extremely positive development in the area of equity interests. However, the Chairman of AvW’s Board of Management, Wolfgang Auer von Welsbach, prefers to build up a portfolio of strategic participations rather than to sell any of these off.

For example, AvW Invest AG has acquired a one per cent interest in the German company D&S Europe, the AvW Group’s overall interest in that company being slightly over six per cent.

For the year as a whole, the Management is expecting further increases in all areas. The annual net profit should be at least 75 per cent above the previous year's figure, and the earnings per share over the whole year should rise to at least EUR 1.20(2004:0,68).

At the end of August, a representative of AvW’s Board of Management is intending to travel to Hong Kong and Shanghai in order to have personal discussions with the top management of the CASH Group. In the course of these meetings, a number of different options for cooperations will be discussed.

Key financials in EUR 1000 Half year 2005 Half year 2004 %increase
Operating income                            3,957              3,092              28%
Operating result                            2,336              2,216              5,4%
Profit before taxes
(result for ordinary activities)  2,680              2,024              32,4%
Net profit for the period              1,941              1,334              45,5%
Accumulated profits                        4,771              3,106              53,6%
Balance sheet total                        31,177            19,860            57%
Equity capital                                26,195            17,013            54%
Earnings per share/EUR                    0,64                0,44              45,5%
Employees                                         181                 150                20,7%

                  The financial statements of AvW are prepared in
accordance with IAS and structured in conformity with the Banking
Act. The full interim report is available on our Website at
www.avw.at.

About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at). AvW’s shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate.

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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AvW Invest AG
Ernst Wilde
Tel.:  04229/3621-12
mailto:e.wilde@avw.at

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Frankfurter Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Wiener Börse AG / official dealing



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