euro adhoc: AvW INVEST AG
other
AvW Invest AG presents record
results for first quarter
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
24.05.2005
AvW Invest AG, listed on the Vienna Stock Exchange, achieved record results for the first quarter of the current financial year. Operating results grew by 40 percent to 1.886 million Euro, pre-tax earnings by 45 percent to 1.918 million Euro, inter-period profit by 64 percent to 1.448 million Euro, unappropriated surplus by 51 percent to 5.257 million Euro. At 30.875 million Euro, the balance sum gained a plus of 56 percent. In the first three months of the current financial year, profit per share increased by 64 percent to 0.48 Euro.
The root of these record results is the excellent development in the financial branch, in the trading and derivative businesses, as well as in our equity holdings. The sinking of corporate taxes from 34 to 25 percent additionally played an extremely positive role.
Management expects a continuation of this positive trend throughout the current financial year in all fields of business. Profit per share is expected to reach over one Euro for the whole year.
Key figures in EUR 1,000 2005 2004 Change % Operating income 2,797 1,799 + 55 % Operating expenses 898 457 + 96 % Interest paid -13 9 Operating results 1,886 1,352 + 40 % Valuation adjustment 32 -31 Pre-tax earnings 1,918 1,321 + 45 % Taxes 470 437 Inter-period profit 1,448 884 + 64 % Retained profits 3,809 2,601 Unappropriated surplus 5,257 3,485 + 51 %
Balance sum 30,857 19,838 + 56 % Equity capital 26,346 17,769 + 48 % Profit per share in EUR 0.48 0.29 + 64 % ~ The balance is in conformance with IAS, divided acc. to banking regulations.
About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at). The AvW common shares (ISIN-Nummer: AT0000930409, Reuters: AVWI.VI) are listed on the Vienna Stock Exchange at the ATX Prime Market; the AvW preferred shares(ISIN-Nummer: AT0000930425, Reuters: AVWI_p.VI) are on the Auktions Market. The Austrian company specialises in financial services, equity holdings and real estate. ~
end of announcement euro adhoc 24.05.2005 07:56:00
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