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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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
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.
end of announcement                               euro adhoc 16.08.2005 07:32:33

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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