AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW expects profits to rise by 50 per cent this year

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09.05.2006

AvW Invest AG is expecting an increase in net profits of around 50 per cent this year, with the profit per share in the current business year rising to around 2.20 euros (2005: 1.48 euros), and the gross profit (POA) to around 8.5 million euros (2005: 5.8 million euros).

This forecast is based on the extraordinary development in financial services business generally, and particularly in derivatives and asset management.  AvW Chairman Wolfgang Auer von Welsbach is to give specific figures at the presentation of the results for the first quarter on 23 May.

The development of the equity participations sector at AvW Invest AG has been very satisfactory in the first four months, with book profits standing at around 5 million euros.  There has been extremely pleasing development particularly in the major participations, with Hirsch Servo rising 2006 from 47.62 to 95,95 euros, S&T from 25.42 to 29.85 euros, and Pankl from 18.63 to 24.50 euros.  However, there have also been strong rises in smaller participations such as Pan Sino (from 0.25 to 0.70 HKD) and Equigold (from 1,38 to 1,87 AUD).

This strong growth in profits is set to continue over the next few years, with the profit per share rising to around 3.10 euros in 2007 (up 40 per cent), and over 4 euros in 2010.

AvW Invest AG currently has participations in the following listed companies (among others): Approx. 15 % S&T AG (SNTS.VI) Approx. 10 % Hirsch Servo AG (HISE.VI) Approx. 6 % Cash Financial Services Group (8122.HK) Approx. 5 % Pankl Racing Systems AG(PARS.DE) (AvW Group approx. 21 %) Approx. 5 % Cancom AG(COKG.DE) Approx. 1 % Macmin Silver (MMN.AX)  Approx. 1 % Equigold (EQI.AX) (AvW Group approx. 2 %) Approx. 1 % Pan Sino (8260.HK) (AvW Group approx. 2 %) Approx. 1 % Pine Technology (8013.HK)

About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at).  AvW shares are listed on the Vienna stock exchange on the ATX Prime Market (ISIN-number:AT0000930409, Reuters: AVWI.VI). The Austrian company, which is based in Krumpendorf on Lake Wörthersee, specialises in the fields of financial services, equity participations 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
Nicole Kahn
Investor Relations
Tel.:  04229/3621-25
mailto:n.kahn@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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