euro adhoc: AvW INVEST AG
quarterly or semiannual financial statement
AvW
Invest doubles net profit in first three quarters
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
15.11.2005
AvW Invest AG, which is listed on the Prime Market of the Vienna Stock Exchange, has posted a record result at the end of Q3 2005. The operating result increased by 36.5 per cent to EUR 4.159 million, the profit before taxes (result on ordinary activities) by 83 per cent to EUR 4.771 million, and the net profit for the period by 109 per cent to EUR 3.585 million. With a gain of 56 per cent, the balance sheet total rose to EUR 32.155 million. In the first nine months of the current financial year, the earnings per share rose by 109 per cent to EUR 1.19.
This highly satisfactory result has been based on above average growth rates in the financial services field. The positive trend recorded in the investment banking segment even exceeded AvWs own expectations. There has been outstanding development in the trading segment, and the demand for capital investments, particularly for the companys own asset participation certificate, the AvW Index, is continuing to grow strongly. The investment business also exhibits a highly satisfactory performance. As far as real estate business is concerned, AvW will acquire another real estate property in 2005. For the year as a whole, Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management, is anticipating another increase in profits, with the net profit for the 2005 financial year soaring by at least 85 per cent (current increase: 75 per cent).
Financial figures in million EUR 1st-3rd Quarter 2005 1st-3rd Quarter 2004 Increase in % Operating income 6,208 4,374 + 42 % Operating result 4,159 3,047 + 36 % Profit before taxes 4,771 2,606 + 83 % Net profit for the period 3,585 1,714 + 109 % Balance sheet total 32,155 20,627 + 56 % Earnings per share/EUR 1,19 0,57 + 109 % Employees 193 160 + 21 %
The financial statements of AvW are prepared in accordance with IAS and structured in conformity with the Banking Act. The full report for the third quarter is available on our Website at www.avw.at.
About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at). AvWs shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate.
end of announcement euro adhoc 15.11.2005 07:55:05
Further inquiry note:
AvW Invest AG
Dr. Ernst Wilde
Tel.: 04229/3621-24
mailto:e.wilde@avw.at
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