Tous Actualités
Suivre
Abonner AvW Invest AG

AvW Invest AG

euro adhoc: AvW Invest AG
quarterly or semiannual financial statement
AvW Invest AG doubles its net profit in the first three quarters of 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
06.11.2007
The Vienna stock exchange listed financial group AvW Invest AG has 
more than doubled its net profit in the first three quarters of 2007.
The operating results rose by 126 per cent to 13.815 million euros 
(2006: 6.103 million euros), the profit before taxes by 129 per cent 
to 13.983 million euros (2006: 6.099 million euros) and the net 
profit (surplus for the period) by 138 per cent to 10.393 million 
euros (2006: 4.365 million euros).  The book profit for the equity 
participations rose in the first nine months of 2007 by 182 per cent 
to 29.461 million euros (2006: 10.453 million euros).  At the same 
time the profit per share rose by 138 per cent to 3.45 euros (2006: 
1.45 euros).
The reason for the extraordinarily strong rise in profits is the 
continuing boom in the core business of financial services.  
Particularly in derivatives and asset management, earnings were in 
some cases in excess of the company´s own expectations.  "We have 
been able to put the extraordinarily volatile situation on the stock 
exchanges to optimum use," says AvW Executive Board Chairman Wolfgang
Auer von Welsbach.
In the equity participations sector, the one per cent shareholding in
the Australian goldmine Equigold was sold.  The proceeds from the 
sale were around 4.5 million Australian dollars, and the profit 
around two million Australian dollars.  Further additions were made 
to the equity participations portfolio, particularly in the IT 
sector.  AvW Invest AG currently holds around 12 per cent in the 
German IT company Realtech and about ten per cent in Nextevolution. 
"Further acquisitions are possible, the Russian IT market in 
particular remains under close observation," says Auer von Welsbach.
In the real estate sector, a further property was acquired in 
Krumpendorf on Lake Wörthersee.  AvW Invest AG now owns nine 
properties.  Its aim is to acquire one new property every year.
On the basis of the financial figures for the first nine months, a 
new record result is expected for the year as a whole.  The currently
expected profit per share will this year rise to at least 4.20 euros 
(2006: 2.61 euros), and the net profit to over 12 million euros 
(2006: 7.87 million euros).  A revised forecast for the financial 
year 2007 and for the following years will be issued in December.
AvW Invest AG will fully implement the Corporate Governance Code by 
the end of the year at the latest.  In the context of this 
implementation, at an extraordinary general meeting on 4 December 
2007, the period of office of the members of the Supervisory Board 
will be extended on a uniform basis until 2012.
The AvW Gruppe AG has further expanded its stake in the Austrian 
refractories producer RHI, in which it currently holds 5,1 per cent 
of the shares.  "We regard ourselves as an Austrian core shareholder,
we want to remain invested in the longer term and we have strategic 
interests," says Auer von Welsbach. Further purchases are possible.
in millions of euros    1st Q  - 3rd Q 2007  1st Q  - 3rd Q 2006  Increase
                                                                  in %
Operating revenue        16.475        8.145                    +102 %
Operating result         13.815        6.103                    +126 %
Profit before taxes      13.983        6.099                    +129 %
Surplus for the period   10.393        4.365                    +138 %
Balance sheet total      79.185       45.623                    +74 %
Profit per share in EUR   3.45         1.45                     +138 %
Number of employees        290          216                     +34 %
The current shareholders' report for AvW INVEST AG for the 1st - 3rd 
Quarter of 2007 can be found at www.avw.eu.
About AvW INVEST AG
The Austrian finance company, which is domiciled in Krumpendorf at 
Lake Wörthersee, is active in three core business areas: financial 
services, equity participations and real estate, with the latter 
being the company´s smallest business segment.
AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime
Market (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: 
AWS). More information about AvW is available on the Internet at 
www.avw.eu.
end of announcement                               euro adhoc 06.11.2007 08:01:34

Further inquiry note:

AvW INVEST AG
Mag. Brigitte Burger
Investor Relations
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

Plus de actualités: AvW Invest AG
Plus de actualités: AvW Invest AG
  • 01.10.2007 – 08:51

    euro adhoc: AvW Invest AG / other / AvW further increases its stake in S&T

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 01.10.2007 AvW has increased its stake in the Austrian IT company S&T to a total of 26 per cent, with AvW Invest AG holding 20.23 per cent and the AvW Group 5.77 per cent. "The IT market world wide is currently in a strong growth phase. S&T is ...

  • 21.09.2007 – 09:09

    euro adhoc: AvW Invest AG / other / AvW increases investment in Ecotel to more than 10 per cent

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 21.09.2007 The Austrian company AvW Invest AG has acquired a nearly 2 percent package of shares in the German telecom provider Ecotel (E4CG.DE). "This was a unique opportunity, which has arisen at short notice and which, at that price, we have ...

  • 14.08.2007 – 14:32

    Shareholders report - Half Year 2007

    ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. balance Krumpendorf/Wörthersee (euro adhoc) - The current shareholders' report for AvW INVEST AG for the first half of 2007 can be found at www.avw.eu. About AvW INVEST AG The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, ...