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AvW Invest AG

euro adhoc: AvW INVEST AG
AvW Invest AG: Successfully 1st quarter 2004 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
AvW Invest starts the 2004 financial year with a significant increase
in earnings. The company prepares its financial statements in
accordance with IAS and observes the accounting proposals applicable
to banks.
~
In EUR million  1st quarter, 2004   1st quarter, 2003  increase in %
Operating results           1.352               1.125          + 20%
Earnings before tax         1.321               0.832          + 59%
Net income for the year     0.884               0.525          + 68%
Result per share             0.29                0.17          + 70%
~
Business Development
Compared to the prior year, the AvW Group was able to increase
operational business to a total of EUR 1.352 million (2003: EUR 1.125
million) in all three business segments - financial services, equity
investments and real estate. At EUR 0.457 million (2003: EUR 0.502
million), operating expenses remained at a stable level. The number
of employees increased to 143 (2003: 103). 
In the investment business sector, the Group acquired a new holding
of 9.1% in S&T System Integration & Technology Distribution AG, the
regional market leader in IT systems integration in Central and
Eastern Europe. In addition, AvW holds approximately 11% of Hirsch
Servo AG and approximately 14.9% of Pankl Racing Systems AG.
The strong growth trend in the financial services segment continued,
while the dynamic expansion of the financial services network in
Austria proceeded at a consistent pace.
Outlook
In the equity investment segment an investment in a renowned Austrian
industrial enterprise is planned. Overall, AvW is expecting the
positive trend to continue for the remainder of the 2004 financial
year.
The 1st quarter 2004 report is published on our homepage at
www.avw.at.
end of announcement        euro adhoc 18.05.2004

Further inquiry note:

AvW INVEST AG
Mag. Alexandra Anthofer
http://www.avw.at

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 093040
Index: Prime.market
Börsen: Wiener Börse AG / official dealing
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade

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