euro adhoc: AvW INVEST AG / Financial Figures/Balance Sheet / AvW Invest AG doubles net profits in first quarter

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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 company’s
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
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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

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