AvW Invest AG

euro adhoc: AvW Invest AG
Financial Figures/Balance Sheet
AvW Invest AG posts operating profits in first 9 months of 2008

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-          Operating result totals EUR 1.54 million
-          EUR 7.36 million in provisions puts burden on overall result
-          Net loss comes to EUR 7.44 million
-          Loss anticipated for entire fiscal 2008

AvW Invest AG, which is listed on the Prime Market of the Vienna Stock Exchange, has posted operating profits of EUR 1.54 million (2007: EUR 13.81 million) at the end of the first three quarters of 2008. Provisions in the amount of EUR 7.36 million (2007: EUR 0.00), which were required as a result of the current situation, put a burden on the overall result. Therefore, 9 months into the 2008 financial year, AvW Invest AG has posted a net loss of EUR 7.44 million (2007: EUR 10.393 in net profit). In the first three quarters, operating income fell to EUR 13.85 million (2007: EUR 16.48 million).

in Million EUR      1st-3rd Qu. 08  1st-3rd Qu. 07

@@start.t2@@Operating earnings        13.854  16.475
Operating result            1.538  13.815
Profit before taxes      -6.955  13.983
Surplus for the period -7.436  10.393
Balance sheet profit    13.680  22.261
Profit/share in EUR      -2.47      3.45
Employees                        318        290

The balance sheet has been drawn up in accordance with IFRS, classified@@end@@

according to the Austrian Banking Law

The main reason for these losses has been, in addition to the high amount of provisions required, the increasingly fierce international financial crisis, which reached a new pitch at the end of the third quarter. AvW Invest AG experienced a significant decline in earnings both in the financial services segment and in the area of equity investments, where substantial write-downs had to be made.

For the year as whole, negative results are anticipated. No dividend is expected to be paid out for 2008. A detailed forecast for 2009 will be given in conjunction with the 2008 annual results.


AvW INVEST AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas:  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).

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

Further inquiry note:
Mag. Brigitte Burger
Tel.: 04229/3621-24

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

Weitere Meldungen: AvW Invest AG

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