euro adhoc: AvW Invest AG / quarterly or semiannual financial statement / Strong first quarter for AvW INVEST

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22.05.2007

The Austrian finance group AvW INVEST reports a strong first quarter
2007. Particularly significant growth was registered in the financial
services and equity investment segments. The operating result rose by
44 per cent to EUR 4.968 million, the profit before taxes by 13 per
cent to EUR 4.540 million, and the profit after taxes (net profit for
the period) by 12 per cent to EUR 3.403 million. In the first three
months of the current financial year, the earnings per share have
increased by 12 per cent to EUR 1,13. The driving force within the
various business segments is the financial services business, with
earnings from derivatives transactions and asset management once more
showing a particularly strong development by comparison with the same
period in the previous year. In the investment business segment, an
interest of more than 10 per cent in Realtech (RTCG.DE) was acquired.
AvW INVEST also holds more than 10 per cent of the German IT company
Nextevolution, which is headquartered in Hamburg. The book profits
attributable to equity participations in companies, particularly
those in S&T (SNTS.VI), Hirsch Servo (HISE.VI) Realtech (RTCG.DE),
Equigold (EQI.AX) and Macmin (MMN.AX) rose from EUR 10.1 million to
EUR 33.9 million.

In the real estate business, further interesting projects are being
examined.

For the year as a whole, Wolfgang Auer von Welsbach, Chairman of the
AvW Board of Management, expects the present positive situation to
continue. Net profits are projected to rise by around 50 per cent.
Earnings per share should range between EUR 3.80 and EUR 4.00 (2006:
EUR 2.61).

2007 2006 Increase in %

Operating income 5.673 4.029 +41
Operating result 4.968 3.445 +44
Profit before taxes 4.540 4.010 +13
Net profit for the period 3.403 3.031 +12
Balance sheet total 80.331 42.370 +90
Earnings per share 1,13 1,01 +12
Employees 239 198

The financial statements of AvW are prepared in accordance with IAS
and structured in conformity with the Austrian Banking Act. The full
shareholders´ report is available on our website at www.avw.eu.

end of announcement euro adhoc 22.05.2007 08:20:39
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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.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