euro adhoc: AvW INVEST AG
Financial Figures/Balance Sheet
AvW Invest AG
doubles net profits in first quarter
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
23.05.2006
AvW Invest AG has achieved a new record result in the first quarter of the current business year, with the operating result rising by 83 per cent after the first three months to 3.445 million euros (first quarter of 2005: 1.886 million euros), the pre tax profit (POA) by 109 per cent to 4.010 million euros (first quarter of 2005: 1.918 million euros), the net profit (surplus for the period) by 109 per cent to 3.031 million euros (first quarter of 2005: 1.448 million euros). Up by 37 per cent, the balance sheet total rose in the first three months to 42.370 million euros (first quarter of 2005: 30.857 million euros).
This result is based on above average growth rates in the financial services sector, where results have sometimes exceeded the companys own expectations, particularly in derivatives and asset management.
The development in equity participations has also been extremely satisfactory in the first quarter, with book profits in the region of five million euros achieved in the first three months.
On the basis of these figures AvW Chairman Wolfgang Auer von Welsbach has reaffirmed his forecast for 2006, with a profit per share of 2.20 euros (2005: 1.48 euros) expected over the year as a whole. This strong growth rate is also expected to continue in coming years.
in Tausend EUR 2006 2005 Change in % Operating Earnings 4.029 2.797 + 44% Operating Result 3.445 1.886 + 83% Pre tax profit (POA) 4.010 1.918 +109% Surplus for the period 3.031 1.448 +109% Balance sheet total 42.370 30.857 + 37% Profit per share 1,01 0,48 +109% Employees 198 178 + 11%
About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at). AvW shares are listed on the Vienna stock exchange in the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which has its registered office at Krumpendorf on Lake Wörthersee, specialises in the areas of financial services, equity participations and real estate.
end of announcement euro adhoc 23.05.2006 07:57:34
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