euro adhoc: AvW INVEST AG
Financial Figures/Balance Sheet
Strong first
half-year for AvW INVEST AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.08.2006
The growth company AvW INVEST AG, which is listed on the Vienna Stock Exchange, posted a particularly strong result for the first six months of the current financial year. The operating result increased by 124 per cent to EUR 5.225 million (2005:EUR 2.336 million), the profit before taxes by 95 per cent to EUR 5.229 million (2005: EUR 2.680 million), and the net profit for the period by 105 per cent to EUR 3.956 million (2005: EUR 1.941 million). In the first six months of the current financial year, the earnings per share rose by 105 per cent to EUR 1,31 (2005: EUR 0,64).
This highly satisfactory result has been based on the above-average growth experienced in the financial services field. In the area of investment business, minor positions held in large companies, such as Hirsch Servo and Pankl Racing, were sold.
Acquisitions were primarily focused on the German and Austrian IT sector. Consequently, the holdings in S&T (SNTS.VI) were increased to more than 18,5 per cent and those in Cancom (COKG.DE) to more than 9 per cent.
For the year as a whole, the Chairman of the Board of Management, Wolfgang Auer von Welsbach, is expecting a strong increase in net profits of at least 50 per cent. A more detailed forecast will be issued at the end of the third quarter of the current financial year at the latest.
Key financial figures in Mio EUR Half Year 2006 Half Year 2005 Change in % Operating income 6.656 3.956 + 68% Operating result 5.225 2.336 + 124% Profit before taxes 5.229 2.680 + 95% (result on ordinary activities) Net profit for the period 3.956 1.941 + 105% Balance sheet total 42.753 31.177 + 37% Equity capital 34.182 26.195 + 30% Earnings/share in EUR 1.31 0.64 + 105% Employees 200 181 + 10%
The financial statements of AvW are prepared in accordance with IAS and structured in conformity with the Banking Act. The full interim report is available on our Website at www.avw.at.
About AvW INVEST AG: AvW Invest AG is a company of the AvW Group (www.avw.at). AvWs shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate.
end of announcement euro adhoc 16.08.2006 08:26:50
Further inquiry note:
AvW INVEST AG
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25
mailto:n.kahn@avw.at
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing