AvW Invest AG

EANS-Adhoc: AvW Invest AG
AvW Invest AG: With net profits of EUR 1.36 million in Q3, the company is on the plus side for the second consecutive quarter

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quarterly report

09.11.2009

-          EUR 1.36 million in net profits for the third quarter
-          Cautiously positive outlook for 2009 as a whole
-          Portfolio of equity holdings consistently expanded

AvW Invest AG, which is listed on the Vienna Stock Exchange, was able to close the third quarter of 2009 with a positive result. In the period from July to September 2009, the company achieved net profits of EUR 1.36 million. "This demonstrates that the company succeeded in achieving a sustained reversal of its operating trend, which had already begun to emerge in the second quarter, which was also closed with a positive balance", says Wolfgang Auer-Welsbach, Chairman of the AvW Invest Management Board. The positive development of the third quarter of 2009 is mainly to be attributed to significant increases in the market prices of AvW Invest AG´s strategically structured equity participations and to income derived from dividends and real estate transactions.

Despite the positive figures of the second and third quarters, the overall result for the first nine months of 2009 is still slightly negative.

The operating income came to EUR 673,054 in the third quarter of 2009 (Q1 to Q3 2008: EUR 15.442 million), and the profit on ordinary activities (POA) stood at EUR -904,635 (Q1 to Q3 2008: EUR -6.995 million). Overall, the first nine months of 2009 closed with a net loss of EUR -103,396 (Q1 to Q3 2008: EUR -7.436 million).

@@start.t2@@EUR million         First to third quarter 2009 First to third quarter 2008

Sales revenues                0.442                                      15.253
Operating income            0.673                                      15.442
Earnings
before tax (POA)          -0.905                                    - 6.995
Net profit/loss            -0.103                                      -7.436
Balance sheet profit      3.793                                      13.680
Balance sheet total      28.227                                      52.934
Equity capital              20.950                                      33.836
Earnings/losses
per share                      -0.03                                        -2.47
Employees                      13                                          318*@@end@@

*incl. freelance employees/financial partners (in the course of the voluntary surrender of the company´s Securities Supervision Act (WAG) license, all financial partners were deregistered with the Austrian Financial Market Authority in November 2008)

Financial reporting has been prepared in accordance with IFRS. Due to the surrender of the WAG license in October 2008, classifications pursuant to the Austrian Banking Act (BWG) were not used. As a result, the provisions of the Austrian Business Enterprise Code (UGB) apply to the first three quarters of 2009. The values of the first three quarters of 2009 have been adjusted accordingly.

In light of the expected further consolidation in the financial markets, AvW Invest AG is cautiously optimistic about the 2009 financial year as a whole. There are, however, uncertainties with regard to the outcome of pending legal disputes.

AvW Invest AG´s portfolio of equity investments will be further expanded, with particular focus on the IT sector. "We are concentrating our investment efforts on favourably rated companies with strong growth and good perspectives for the future", says Wolfgang Auer-Welsbach. In the first three quarters of 2009, the company made new investments in the German IT companies Pironet AG (PNGG.DE), Group Business Software AG (INWG.DE) and GFT Technologies AG (GFTG.DE).

The full report for the first three quarters of 2009 is available on our website at www.avw.eu

About AvW Invest AG:

AvW Invest AG (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS), which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas: equity investments and real estate. AvW´s shares are listed in the Standard Market Auction segment of the Vienna Stock Exchange.

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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:    Standard Market Auction
Börsen:  Frankfurt / free trade
              Stuttgart / free trade
              Wien / official dealing



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