AvW posts highest profit in company history
- Net profit increased by + 5.9% to EUR 11.205 million - Balance sheet total increased by + 30.3% to EUR 346.960 million - Clear commitment to further growth
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In the past financial year 2007, AvW
Gruppe AG achieved the best result in its entire history. The net profit rose by 5.9 per cent to EUR 11.205 million (2006: EUR 10.585 million), and the balance sheet total climbed by 30.3 per cent to EUR 346.960 million (2006: EUR 266.332 million). The extremely high equity ratio of 91 per cent is also a cause for satisfaction.
EUR mill. 2007 2006 Change in %
Sales revenues 115.372 51.202 + 125.3%
Profit before taxes (POA) 13.628 14.937 - 8.8%
Net profit for the year 11.205 10.585 + 5.9%
Balance sheet profit 18.912 12.142 + 55.7%
Balance sheet total 346.960 266.332 + 30.3%
Equity capital 317.113 251.408 + 26.1%
Equity ratio 91% 94%
D&B credit rating 5A1 5A1
Employees 284 240 + 18.3%
"We have optimally utilised the volatile ups and downs of the stock markets. We not only significantly increased our profits, but also massively expanded our portfolio of equity investments," says Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management. "This makes AvW one of the largest and fastest growing investment companies in Europe." Over the past five years, the net profit of the AvW Group has increased from EUR 0.5 million in 2002 to EUR 11.205 in 2007 (plus 2,141 per cent). In the same period, the balance sheet total climbed from EUR 74 million to EUR 346.960 million (plus 369 per cent).
Currently, AvW holds more than 30 per cent of the shares of the Austrian fund company C-Quadrat, and around 27 per cent (and thus the blocking minority) in the IT company S&T and the industrial enterprise Binder, both of which are listed on the Vienna Stock Exchange. In the last few months, AvW also significantly expanded its investment in a number of German IT and telecommunications companies, such as Realtech, Cancom, Ecotel, Nextevolution or the GFT Group. All of AvW´s major investments are published on the company´s website (www.avw.eu).
During the current financial year, AvW will continue its commitment to pursuing opportunities for additional growth, with the aim of achieving further increases in both profits and the balance sheet total. One of the medium-term goals of AvW is to reach a balance sheet total of EUR 1 billion. At the same time, further investments will be made. "In line with our objective of continuing the expansion of our portfolio of equity investments, an amount in the double-digit million euro range has again been appropriated for this purpose in 2008," says Mr. Auer von Welsbach.
AvW Group is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. AvW already ranks among the largest, most profitable and fastest growing investment companies in Austria.
AvW participating certificates (AVWIga.F, ISIN AT0000703269) of the AvW Group are listed on the Frankfurt Stock Exchange. More information about AvW is available on the Internet at www.avw.eu
Further inquiry note:
AvW Gruppe AG
Mag. Brigitte Burger
Tel.: +43 (0)4229/3621-24
end of announcement euro adhoc
emitter: AvW Gruppe AG
phone: +43 (0)4229/3621
FAX: +43 (0)4229/2386
sector: Economy, Business & Finance
stockmarkets: free trade: Börse Frankfurt