AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW increases investment in S&T to more than 20 per cent

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11.12.2006

The Austrian finance group AvW Invest AG has increased its investment in S&T, a stock exchange listed company, to more than 20 per cent. "Currently we are holding 20.17 per cent. Next year, we are planning to increase this position, if the offer is correct towards the 25 per cent mark, which will make us the largest shareholder", says Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management. Especially the IT sector is currently experiencing a lot of movement. Companies are newly established or repositioned all over the world. IT companies that expand their range of products from pure hardware to IT services and thus improve their EBIT margin will win out in the long run.  As far as S&T is concerned, the Chairman of AvW’s Board of Management is expecting organic growth of around 10 per cent over the long term. In addition, further takeovers might have a very positive effect for the company. As one of the largest IT companies in Austria, S&T is planning to systematically expand and diversify its service sector. "In its capacity as a strategic investor, AvW intends to accompany and support S&T on its course of growth and expansion", says Mr. Auer von Welsbach.

About AvW Invest AG: http://www.avw.eu AvW's shares are listed on the Vienna Stock Exchange on  the  ATX  Prime  Market(ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). 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.ch

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



Weitere Meldungen: AvW Invest AG

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