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AvW Invest AG

euro adhoc: AvW INVEST AG
AvW Invest AG: Very good year 2003 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
AvW Invest AG presents the final figures for the 2003 business year;
accounts are rendered in accordance with the IAS guidelines. AvW -
again - showed an excellent performance in the 2003 business year.
~
In Mio. EUR                                  2003             2002
Operating income                            4.556            3.293
Operating result                            2.670            1.769
Result of ordinary activities               2.259            0.500
Net income for the year                     1.523            0.427
Net profit for the year                     2.601            1.397
Balance sheet total                        18.428           18.514
Equity capital                             16.932           15.823
Equity ratio                                 91.9%           83.3%
Number of employees                            140             107
Earnings per share in EUR                 EUR 0.51            0.14
Dividend distribution                    TEUR  830             319
~
Financial services
Income in the core business, financial services, increased to EUR
3,199 milion (2002: EUR 3,109 m). In the period under review, 130
financial partners (in 2002: 96) worked as consultants for AvW in
Austria; the network will be further expanded in the 2004 business
year.
Shares
As far as shares in other enterprises are concerned, we increased our
shares held in the Styrian hotbed of high-tech, Pankl Racing Systems
AG. We entered into a strategic participation in the Cash Financial
Services Group in order to launch our alternative investment product,
the AvW Index®, on the Asian market. Revenue in this sector has
increased to EUR 1,245 million (2002: EUR 0,069 m).
Real estate
To strengthen our real estate business, we acquired further real
property in Carinthia/Austria. With EUR 0.11 million (2002: UR 0.11
m) revenue remained constant in this line of business.
AvW was subjected to a credit review on an international level; in
March 2004, rating agency Dun & Bradstreet confirmed, again, our
excellent credit standing of AA1.
Outlook into the future
For the current business year AvW is expecting further good results
and growth in all three business segments.
AvW’s ordinary shares (AVWI.VI) are listed on the ATX prime index on
the Vienna stock exchange under the specialist group Banks and on the
ViDX, the AvW preference shares (AVWI_p.VI) are listed on the Auction
Market.
end of announcement        euro adhoc 07.04.2004

Further inquiry note:

AvW INVEST AG
Mag. Alexandra Anthofer
http://www.avw.at

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 093040
Index: Prime.market
Börsen: Wiener Börse AG / official dealing
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade

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