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AvW Invest AG

EANS-Adhoc: AvW Invest AG

  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
Following a suspected criminal case in the autumn of 2008, during the
2009 financial year AvW Invest AG has been focusing on consolidation 
in order to return to its successful performance in the core business
as soon as possible. Against the backdrop of the difficulties on the 
international financial markets, the results of the first quarter of 
2009 reflect the difficult situation but also the intensive efforts 
which are underway on behalf of investors.
Operating income declined to EUR 22,979 (Q1 2008: EUR 4.891 million),
while profit on ordinary activities (POA) declined to EUR -1.787 
million (Q1 2008: EUR 2.866 million). Overall, the first quarter of 
2009 closed with a net result of EUR -1.609 million (Q1 2008: EUR 
1.920 million)
EUR                     First quarter 2009      First quarter 2008
Sales revenues                    166              4,847,586
Operating income               22,979              4,891,069
Profit on ordinary
activities (POA)           -1,786,731              2,865,900
Net result                 -1.608.587              1,920,399
Balance sheet profit        2,288,289             26,648,981
Balance sheet total        25,866,988             67,271,227
Equity                     17,305,427             53,120,651
Earnings/share                  -0.53                   0.64
Notes regarding the table: Financial reporting has been prepared 
according to IFRS. Due to the surrender of the WAG license in October
2008, classifications pursuant to the Austrian Banking Act were not 
used. As a result, the provisions of the Austrian Business Enterprise
Code apply to the first quarter of 2009. The values of the previous 
year´s quarter have been adjusted accordingly.
Sales revenues declined from EUR 4.848 million to EUR 165.88 due to 
the removal of the key segment of financial services. This segment 
was suspended after the company voluntarily surrendered its WAG 
license at the end of October 2008 as a result of a suspected case of
breach of trust. In addition, the continued financial crisis also 
made it necessary to apply significant write-downs in the amount of 
EUR 1.453 million to financial assets.
During the 2009 financial year, AvW Invest AG has been placing its 
entire focus on consolidation following the suspected breach of 
trust, as well as on a gradual processing of its effects. In the 
equity participation area, AvW Invest AG aims to utilise the volatile
situation on financial markets to implement further additions and 
adjustments to the portfolio on a step-by-step basis. In addition to 
the areas industry and commodities, emphasis will again be placed on 
the IT sector.
The complete shareholders´ report on the first quarter of 2009 can be
found on our website at
About AvW Invest AG:
AvW Invest AG (ISIN Number: AT0000930409, Reuters: AVWI.VI , XETRA 
Vienna: AWS), with registered offices in Krumpendorf am Wörthersee, 
focuses on two central business segments: equity participations and 
real estate. AvW 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: Frankfurt / free trade
Stuttgart / free trade
Wien / official dealing

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