AvW Invest AG

euro adhoc: AvW Invest AG
quarterly or semiannual financial statement
AvW INVEST reaffirms targeted growth in profits for 2008

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quaterly report

13.05.2008

@@start.t2@@-          Earnings per share to reach at least EUR 5.00 over the whole year
-          Earnings per share EUR 0.64 for Q1
-          Investment in Realtech raised to 15.7 per cent
-          Investment in Nextevolution raised to 21.9 per cent@@end@@

AvW INVEST AG, which is represented in the ATX Prime Market of the Vienna Stock Exchange, is aiming to achieve a new record result in 2008. The earnings per share are projected to reach at least EUR 5.00 (2007: EUR 4.32), which corresponds to an increase of at least 15 per cent. "We are anticipating to achieve a significant increase in profits," says Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management.

Since the beginning of the year, AvW INVEST has invested around EUR 5 million in the expansion of its portfolio of equity holdings. Acquisitions of equity interests focused primarily on the IT sector, for example D+S Europe, a German provider of e-commerce services. There were no sales of investments in the first quarter of 2008.

For this reason, the earnings per share stood at EUR 0.64 for the first quarter of the current financial year (2007: EUR 1.13). The operating result came to EUR 3.178 million (2007: EUR 4.968 million) , and earnings before tax to EUR 2.868 million (2007: EUR 4.540 million).

@@start.t3@@in Mio. EUR            1st Qu 2008  1st Qu 2007 Increase
                                                                          in %
Operating income                  3,908    5,673         -31
Operating result                  3,178    4,968         -36
Profit before taxes              2,868    4,540         -36
Net profit for the period    1,920    3,403         -44
Balance sheet total            67,271  80,331         -16
Earnings per share in EUR    0,64      1,13          -43
Employees                                289        239          +21

AvW INVEST´s shareholding in the German IT company Realtech (RTCG.DE) was also expanded and currently stands at 15.7 per cent. This was made possible through the acquisition of the five percent package of shares in Realtech which was held by the AvW Group.

In addition, the investment in the German IT company Nextevolution (N5EG.DE). was increased from 16 to more than 21.9 per cent. Until the end of the 2008 financial year, AvW INVEST plans to further increase its investments in the IT sector.

The financial statements of AvW are prepared in accordance with IFRS and structured in conformity with the Austrian Banking Act. The full shareholders´ report is available on the AvW website at www.avw.eu, Investor Relations/Reports.The Financel Service report 2007 is available on the OEKB/IssueInformationCenter.

AvW INVEST AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active in three core business areas: financial services, equity participations and real@@end@@

estate.

AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime Market ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS).

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

Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:b.burger@avw.eu

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Börse Frankfurt / free trade
              Börse Stuttgart / free trade
              Wiener Börse AG / official dealing



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