euro adhoc: AvW Invest AG
other
AvW Invest AG raises profit expectations for
2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.04.2007
Considerable increases in core business in first quarter
AvW INVEST AG is raising its profit expectations for the business year 2007, on the basis of a significant increase in the first quarter in the core areas of the Austrian financial group, i.e. financing and equity participations. There has been a huge expansion in the derivatives business in particular: in 2006 total receipts of EUR 1.45 million were recorded, while in the first three months of the current business year there has been a disproportionate development in this figure to over EUR 3 million. For the Chairman of AvWs Board of Management, Wolfgang Auer von Welsbach, this result forms the basis for a positive profits forecast: "Last year, in a long term analysis, we forecast a profit of EUR 4 per share for 2010 - now this target is already within our grasp in the present business year. In the light of our strong performance in the expected first quarter, following a profit per share of EUR 2.61 in 2006, we are looking at a 50 % increase in profit in 2007 to between EUR 3.80 and 4."
Increased demand for AvW shares on the Vienna stock exchange In response to the strong interest being shown in AvW shares, Wolfgang Auer von Welsbach has placed on the Vienna stock exchange around 24,000 shares (corresponding to about 1 % of the share capital) taken from the portfolio of companies directly or indirectly owned by him. In his view there are several reasons for the increased demand for AvW stock - on the one hand there is a marked inclination to invest in small caps in the currently favourable stock market situation, and also there is a high dividend to be expected for the first time in May, in addition to AvWs good growth prospects. "Also the liquidity of the share has clearly profited from this decision," says Wolfgang Auer von Welsbach, "as is evident from the increased daily turnover on the Vienna stock exchange."
At the beginning of May AvW is to enter into a new participation with a finance company on the Frankfurt stock exchange. The figures for the first quarter of 2007 will be announced on 22 May.
About AvW INVEST AG The Austrian company, which has its registered office in Krumpendorf on Lake Wörthersee, specialises in the fields of financial services, equity participations and real estate. AvW 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 can be found on the Internet at www.avw.eu.
end of announcement euro adhoc 16.04.2007 08:25:38
Further inquiry note:
AvW INVEST AG
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25
mailto:n.kahn@avw.eu
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