euro adhoc: AvW INVEST AG / Results for the first three quarters of 2002 (E)

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AvW successful - Good 2002 1st - 3rd quarter result

The operating income, the operating profit and the earnings before tax could be significantly increased as compared to the same period last year. AvW INVEST AG prepares its financial statements in accordance with International Accounting Standards (IAS).

In EUR million 1 - 9/2002 1 - 9/2001 Operating income 1.875 1.140 Operating profit 0.809 -0.042 Profit on ordinary activities before tax 0.534 0.213 Operating expences 0.921 1.049 Workforce 102 80

The income realised during the first three quarters in the core business operation, i.e. financial services, amounted to EUR 1.697 million.
In the equity investment business, AvW has acquired a shareholding in Euro Invest Bank for the financial services sector.
Slight growth was reported in the real estate business.

Outlook

Progress in financial services business remains positive, so that we can expect good operating income within our core business operation. Appropriate real estate and investment business projects are continuously under review, and where opportunities present themselves, purchases are made or equity interests acquired.

The report for the 1st - 3rd quarter is also available on the Internet at www.avw.at

Further inquiry note:
AvW INVEST AG
Helga Caldera
Tel: +43(0)4229 3621
FAX: +43(0)4229 2386
geldanlage@avw.at
http://www.avw.at
Tel: +43(0)4229 3621
FAX: +43(0)4229 2386
Email: geldanlage@avw.at

end of announcement euro adhoc

Emittent: AvW INVEST AG
Hauptstrasse 118
AT-9201 Krumpendorf
Tel: +43(0)4229 3621
FAX: +43(0)4229 2386
Email: geldanlage@avw.at
WWW: www.avw.at
ISIN: AT0000930409
WKN: 093040
Indizes: Prime.market
Börsen: free trade Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse; official dealing Wiener Börse AG Branche: Financial & Business Services
Sprache: Englisch

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