30.03.2005 – 08:25

AvW Invest AG

euro adhoc: AvW INVEST AG
other
AvW Invest AG presents record results

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

29.03.2005

AvW Invest AG, listed at the Vienna Stock Exchange, achieved record
results for the last financial year. Pre-tax earnings increased by 32
percent to 2.992 million Euro (1993: 2.259 million Euro), annual net
profit increased by 35 percent to 2.051 million euro (1993: 1.523
million Euro) and unappropriated surplus grew by 47 percent to 3.823
million Euro (1993: 2.601 million Euro). The balance sum of AvW
Invest AG also increased by 47 percent within one year to 27.048
million Euro (1993. 18.428 million Euro). Profit per share increased
by 33 percent to 0.68 Euro (1993: 0.51 Euro).

These record results are the product of excellent performance with
equity holdings and financial services. The controlled growth of both
fields will continue on into this year as well.

A further increase of at least 40 percent is expected for fiscal year
2005. Further details will be announced at today’s Balance Press
Conference.

~
in thousand EUR               2004            2003       change in %
Operating results            3,452           2,670            +19.91
Operating income             5,463           4,556            + 6.09
Operating expenses           1,986           1,872            +29.29
Pre-tax earnings             2,992           2,259            +32.45
Annual net profit            2,051           1,523            +34.67
Unappropriated surplus       3,823           2,601            +46.98
Balance sum                 27,048          18,428            +46.78
Equity capital              22,344          16,932            +31.96
Employees                      170             140            +21.43
Capital-to-asset ratio      82.60%          91.90%            -10.12
D&B Fin. standing rating      1AA1            1AA1
~
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Trading figures 
for AvW shares                        2004       2003    change in %
Common shares
(closing price on 31.12.)    EUR     49.00      41.00         +19.51
Pref. shares
(closing price on 31.12.)    EUR     25.00      20.00         +25.00
Profit per share             EUR      0.68       0.51         +34.67
P/E ratio common shares              72.05      80.39         -10.37
P/E ratio pref. shares               36.76      39.22         - 6.27
Market capitalisation
on 31.12.                   TEUR   125,650   108,300          +16.02
Dividends common share       EUR    0.25(1)   0.20(1)         +25.00
Dividends pref. share        EUR    0.50(1)   0.45(1)         +11.11
(1)Proposal at shareholder’s meeting
Dividend payout             TEUR       980       830          +18.07
~

About AvW Invest AG
AvW Invest AG is a company of the AvW Group (www.avw.at). The AvW
common shares (Reuters: AVWI.VI, Bloomberg: AWS AV) are listed on the
Vienna Stock Exchange at the ATX Prime Market; the AvW preferred
shares (Reuters: AVWI_p.VI, Bloomberg: AVWI AV) are on the Auctions
Market. The Austrian company is based in Krumpendorf am Wörthersee
and specialises in financial services, equity holdings and real
estate.
~

end of announcement                    euro adhoc 30.03.2005 07:49:30 

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: Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing