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AvW Invest AG

EANS-Adhoc: AvW Invest AG
AvW Invest AG´s 2008 balance sheet massively impacted by criminal case

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
annual report
In 2008, after nine highly successful months, AvW Invest AG suffered 
severely as a result of suspected criminal activities involving a 
former AvW employee, against whom legal proceedings were instituted 
immediately. These suspected criminal acts had a massive impact on 
the results of the financial year as a whole.
Consequently, the operating income decreased from EUR 19.018 million 
to EUR 17.748 million, and the profit on ordinary activities (POA) 
dropped from EUR 16.5 million in 2007 to EUR -17.5 million in 2008. 
The company also sustained a net loss of EUR 17.2 million. The 
balance sheet profit fell from EUR 24.7 million to EUR 3.9 million, 
and the balance sheet total decreased by 63% compared to that of 
2008, from EUR 74.5 million to EUR 27.2 million. No dividend will be 
distributed for 2008.
2008      2007
Operating income              17.748    19.018
Operating expenses            19.126    7.626
Operating result              -1.377    11.393
Profit on ordinary
activities (POA)             -17.534    16.468
Net profit/loss              -17.219    13.003
Profit carried forward        21.116    11.725
Balance sheet profit           3.897    24.729
Balance sheet total           27.221    74.492
Equity capital                18.479    57.075
Equity ratio                  67.88%    76.62%
Employees                     13        283*
*incl. freelance employees/financial partners
These figures reflect the extremely difficult situation prevailing on
the financial markets on the one hand, and on the other the impact of
the unauthorised financial transactions carried out by the former AvW
employee, which were detrimental to the company´s interests. In the 
current financial year, AvW Invest AG is directing all of its efforts
towards putting the company back on an upward trajectory. The most 
recent measures in that regard were Dr. Arnulf Komposch´s appointment
to the Management Board and a number of strategic steps in the equity
participations segment.
AvW Invest AG´s 2008 annual financial report is available from OeKB 
in the context of its issuer services ( The company´s 
annual report for the 2008 financial year is available on the AvW 
website at
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.
end of announcement                               euro adhoc

Further inquiry note:

Mag. Brigitte Burger
Tel.: 04229/3621-24

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Standard Market Auction
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing

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