euro adhoc: AvW Invest AG
Earnings Forecast
AvW INVEST increases profits
forecast and dividend
Equity participation in Nextevolution increased to over 16 per cent
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
11.12.2007
AvW INVEST AG, which is listed in the Prime Market of the Vienna stock exchange, is increasing its profits forecast for the financial year 2007, and is expecting the biggest profits in the company´s history. The profit per share is expected to rise around 65 per cent to 4.30 EUR (2006: 2.61 EUR). The expected net profit should be around 13 million EUR (2006: 7.87 Million EUR), i.e. a similar rise of around 65 per cent. This leap in profits, which exceeds the company´s own expectations, is mainly due to the booming financial sector and the equity participations business.
On the basis of this forecast the management is also indicating a significant increase in the dividend, which will rise by 50 per cent to 1.20 EUR (2006: 0.80 EUR). The aim is that shareholders should profit from the extraordinary success of the company through the dividend also, says the Chairman of AvW´s Board of Management, Wolfgang Auer von Welsbach.
The equity participation in the German IT company Nextevolution (N5EG.DE) has also been increased by more than 60 per cent in recent weeks. AvW INVEST now holds 16.1 per cent (previously ten per cent) of the shares. "For Nextevolution, 2007 was the year of expansion and acquisition; in 2008 the focus will be on profitability, and we are supporting this objective," says Auer von Welsbach.
About AvW INVEST AG
The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, is active in three core business areas: financial services, equity participations 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 11.12.2007 07:58:29
Further inquiry note:
AvW INVEST AG
Brigitte Burger
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