euro adhoc: AvW INVEST AG
Results for the first three quarters of 2002 (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
AvW successful - Good 2002 1st - 3rd quarter result
The operating income, the operating profit and the earnings before tax could be significantly increased as compared to the same period last year. AvW INVEST AG prepares its financial statements in accordance with International Accounting Standards (IAS).
~ In EUR million 1 - 9/2002 1 - 9/2001 Operating income 1.875 1.140 Operating profit 0.809 -0.042 Profit on ordinary activities before tax 0.534 0.213 Operating expences 0.921 1.049 Workforce 102 80 ~
The income realised during the first three quarters in the core business operation, i.e. financial services, amounted to EUR 1.697 million. In the equity investment business, AvW has acquired a shareholding in Euro Invest Bank for the financial services sector. Slight growth was reported in the real estate business.
Outlook
Progress in financial services business remains positive, so that we can expect good operating income within our core business operation. Appropriate real estate and investment business projects are continuously under review, and where opportunities present themselves, purchases are made or equity interests acquired.
The report for the 1st - 3rd quarter is also available on the Internet at www.avw.at
end of announcement euro adhoc 19.11.2002
Further inquiry note:
AvW INVEST AG Helga Caldera Tel: +43(0)4229 3621 FAX: +43(0)4229 2386
mailto:geldanlage@avw.at http://www.avw.at
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 093040
Index: Prime.market
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / official dealing