euro adhoc: AvW INVEST AG
other
AvW INVEST AG has increased its profit
expectation
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.09.2006
During a conversation held with analysts of a leading Austrian Bank the financial group AvW INVEST AG has increased its profit expectation. As a result of the higher level of profits generated in the financial services sector, particularly in the areas of derivatives and asset management, we were able to achieve above average growth rates. The income generated by the fee and commission business remained unchanged, which means that AvW INVEST has increased its profits at different levels of the financial services and investment sectors, and that investment banking has become the finance groups most profitable business segment. In the investment business, new companies are being examined, and in the real estate business, the market is screened for potential investment objects.
According to Wolfgang Auer von Welsbach, CEO of AvW INVEST AG, the primary goal remains to achieve further growth in the dynamic financial services sector and to acquire innovative small caps in Austria and Germany.
For the 2006 financial year, Mr. Auer von Welsbach estimates earnings per share in the range of EUR 2.36 (previously: EUR 2.20). This would correspond to an increase of at least 60 per cent. In 2005, the earnings per share came to EUR 1.48.
CEO Wolfgang Auer von Welsbach expects a profit per share ranging between EUR 2.35 and 2.40 for the fiscal year 2006 (previous profit: EUR 2.20). This amounts to an increase of 60 percent. The year 2007 should see a continuation of the positive developments in the finance and investment business leading to a profit of EUR 3.00 per share.
Profit per share in 2004: EUR 0.68 Profit per share in 2005: EUR 1.48 Profit per share in 2006: between EUR 2.35 and 2.40 Profit per share in 2007: EUR 3.00
Current investments of AvW INVEST:
100% AvW Immobilien GmbH, domiciled in Krumpendorf/Austria 75% Bürger&Service GmbH, a financial services provider domiciled in Bregenz 40% New Econ AG, a media company domiciled in Wiesbaden/Germany ~19% S&T AG (SNTS.VI) ~10% Hirsch Servo AG (HISE.VI) ~10% Cancom (COKG.DE) ~ 5% Cash Financial Services Group (8122.HK) ~ 5% Pankl Racing (PARS.DE) ~ 1% Macmin Silver (MMN.AX) ~ 1% Equigold (EQI.AX) ~ 1% Pan Sino (0502.HK) ~ 1% Pine Technology (8013.HK)
The figures for the first three quarters of 2006 will be announced on November 7, 2006.
About AvW INVEST AG - www.avw.eu - The AvW shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate.
For further information, please contact:
Wolfgang Auer von Welsbach Nicole Kahn CEO Investor Relations
Tel.: 0043 4229 / 36 21 Tel.: 0043 4229 / 36 21-25 n.kahn@avw.at
end of announcement euro adhoc 12.09.2006 08:28:35
Further inquiry note:
AvW Invest AG
Hauptstraße 118
9201 Krumpendorf
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