AvW Invest AG

euro adhoc: AvW Invest AG
quarterly or semiannual financial statement
Strong first quarter for AvW INVEST

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22.05.2007

The Austrian finance group AvW INVEST reports a strong first quarter 2007. Particularly significant growth was registered in the financial services and equity investment segments. The operating result rose by 44 per cent to EUR 4.968 million, the profit before taxes by 13 per cent to EUR 4.540 million, and the profit after taxes (net profit for the period) by 12 per cent to EUR 3.403 million. In the first three months of the current financial year, the earnings per share have increased by 12 per cent to EUR 1,13. The driving force within the various business segments is the financial services business, with earnings from derivatives transactions and asset management once more showing a particularly strong development by comparison with the same period in the previous year. In the investment business segment, an interest of more than 10 per cent in Realtech (RTCG.DE) was acquired. AvW INVEST also holds more than 10 per cent of the German IT company Nextevolution, which is headquartered in Hamburg. The book profits attributable to equity participations in companies, particularly those in S&T (SNTS.VI), Hirsch Servo (HISE.VI) Realtech (RTCG.DE), Equigold (EQI.AX) and Macmin (MMN.AX) rose from EUR 10.1 million to EUR 33.9 million.

In the real estate business, further interesting projects are being examined.

For the year as a whole, Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management, expects the present positive situation to continue. Net profits are projected to rise by around 50 per cent. Earnings per share should range between EUR 3.80 and EUR 4.00 (2006: EUR 2.61).

2007    2006  Increase in %

Operating income                5.673  4.029    +41
Operating result                4.968  3.445    +44
Profit before taxes          4.540  4.010    +13
Net profit for the period 3.403  3.031    +12
Balance sheet total          80.331 42.370  +90
Earnings per share            1,13    1,01      +12
Employees                          239      198

The financial statements of AvW are prepared in accordance with IAS and structured in conformity with the Austrian Banking Act. The full shareholders´ report is available on our website at www.avw.eu.

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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.eu

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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