euro adhoc: AvW Invest AG
Financial Figures/Balance Sheet
AvW Invest posts
massive increase in profits for the first half of the year
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
6-month report
13.08.2007
For the first half of the 2007 financial year, the finance group AvW Invest AG, which is listed on the Vienna Stock Exchange, posted a massive increase in profits. Over the past six months, the operating result rose by 86,4 per cent to EUR 9.742 million (2006: EUR 5.225 million), the earnings before tax climbed by 86,1 per cent to EUR 9.731 million (2006: EUR 5.229 million), and the net profit (surplus for the period) increased by 82,8 per cent to EUR 7.232 million (2006: EUR 3.956 million). The book profits attributable to equity participations increased to EUR 36.11 million (2006: EUR 9.38 million). In the first six months of the current financial year, the earnings per share climbed by 83,2 per cent to EUR 2.40 (2006: EUR 1.31).
This strong growth is mostly attributable to increases registered at all levels, particularly in the financial services segment, which is the company´s core business area. "The areas of derivatives and investment management are booming, and this is where we will continue to achieve above-average growth rates in the years to come," says Wolfgang Auer von Welsbach, chairman of the AvW Management Board.
In the area of equity participations, the portfolio was further expanded in the first half of 2007, particularly in the IT sector. At present, AvW Invest AG holds around 14 per cent in Realtech (RTCG.DE) and around 10 per cent in nextevolution (N5EG.DE) - both IT companies headquartered in Germany. The company´s goal is to continue to build up and expand its investment portfolio over the coming months.
On the basis of the exceptionally strong financial figures for the first six months, AvW Invest expects a new record result for the year as a whole. The earnings per share are estimated to jump to around EUR 4.20 (2006: EUR 2.61) in 2007, the net profit (annual surplus) to more than EUR 12 million (2006: EUR 7.87 million). This corresponds to an annual increase of approximately 60%.
Key financial figures in Mio EUR Half Year 2007 Half Year 2006 Change in % Operating income 11.449 6.656 + 72,0% Operating result 9.742 5.225 + 86,4% Profit before taxes 9.731 5.229 + 86,1% (result on ordinary activities) Net profit for the period 7.232 3.956 + 82,8% Balance sheet total 83.955 42.753 + 85,0% Equity capital 69.685 34.182 + 103,9% Earnings/share in EUR 2.40 1.31 + 83,2% Employees 272 200 + 36%
About AvW INVEST AG The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the fields of financial services, equity investments and real estate. AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). More information about AvW is available on the Internet at www.avw.eu.
end of announcement euro adhoc 13.08.2007 08:05:05
Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Investor Relations
Tel.: 04229/3621-24
mailto:b.burger@avw.eu
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing