euro adhoc: AvW Invest AG
Annual Reports
Record year 2007 for AvW INVEST AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
26.03.2008
- Net profit up by 65.24 per cent - Best result in company´s history - Dividend to be increased by 50 per cent
The Austrian finance group AvW INVEST AG posted a record result in the 2007 financial year. The net profit (annual surplus) rose by 65.24 per cent to EUR 13.003 million (2006: EUR 7.869 million). The profit before taxes (POA) went up by 58.02 per cent to EUR 16.530 million (2006: EUR 10.461 million), and the balance sheet profit grew by 73.31 per cent to EUR 24.729 million (2006: EUR 14.269 million). At the same time, the balance sheet total rose by 44.44 per cent to EUR 74.493 million (2006: EUR 51.574 million). Earnings per share went up by 65.52 per cent to EUR 4.32 (2006: EUR 2.61).
EUR mill. 2007 2006 Change
Operating income 20.736 12.993 + 59.59% Operating expenses 3.646 3.109 + 17.27% Operating result 16.958 9.744 + 74.04% Profit before taxes (POA) 16.530 10.461 + 58.02% Net profit for the year 13.003 7.869 + 65.24% Balance sheet profit 24.729 14.269 + 73.31% Balance sheet total 74.493 51.574 + 44.44% Equity capital 57.074 44.292 + 28.86%
Earnings per share in EUR 4.32 2.61 + 65.52% Dividend in EUR 1.20 * 0.80 + 50% Employees 283 239 + 18.41% D & B credit rating 1AA1 1AA1
* as proposed to the AGM
AvW INVEST AG thus achieved the best result in the company´s history. Once again, the key driver behind this record result was the strong growth in AvW INVEST AG´s core segment of financial services, which accounts for two thirds of the company´s POA and net profit. The derivatives segment performed particularly well and even surpassed the company´s own expectations.
In the area of equity participations, AvW INVEST AG recently acquired a share of around 2 per cent in the German IT company D+S Europe (DSJG.DE). Further acquisitions are possible.
As far as the development of the current financial year is concerned, Wolfgang Auer von Welsbach, Chairman of the AvW Management Board, is very optimistic: "We intend to further expand our financial services and investment activities, strengthen our international position and continue to increase our profits", he points out. Further details will be announced at today´s balance sheet press conference.
The company´s annual report for the 2007 financial year is available on the AvW website at www.avw.eu.
About AvW INVEST AG
AvW INVEST AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active in three core business areas: financial services, equity participations and real 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).
end of announcement euro adhoc
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