EANS-Adhoc: AvW Invest AG / AvW Invest AG´s 2008 balance sheet massively impacted by criminal case

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.


In 2008, after nine highly successful months, AvW Invest AG suffered severely as a result of suspected criminal activities involving a former AvW employee, against whom legal proceedings were instituted immediately. These suspected criminal acts had a massive impact on the results of the financial year as a whole.

Consequently, the operating income decreased from EUR 19.018 million to EUR 17.748 million, and the profit on ordinary activities (POA) dropped from EUR 16.5 million in 2007 to EUR -17.5 million in 2008. The company also sustained a net loss of EUR 17.2 million.
The balance sheet profit fell from EUR 24.7 million to EUR 3.9 million, and the balance sheet total decreased by 63% compared to that of 2008, from EUR 74.5 million to EUR 27.2 million.
No dividend will be distributed for 2008.

2008 2007 Operating income 17.748 19.018 Operating expenses 19.126 7.626 Operating result -1.377 11.393 Profit on ordinary activities (POA) -17.534 16.468 Net profit/loss -17.219 13.003 Profit carried forward 21.116 11.725 Balance sheet profit 3.897 24.729 Balance sheet total 27.221 74.492 Equity capital 18.479 57.075 Equity ratio 67.88% 76.62% Employees 13 283*

*incl. freelance employees/financial partners

These figures reflect the extremely difficult situation prevailing on the financial markets on the one hand, and on the other the impact of the unauthorised financial transactions carried out by the former AvW employee, which were detrimental to the company´s interests. In the current financial year, AvW Invest AG is directing all of its efforts towards putting the company back on an upward trajectory. The most recent measures in that regard were Dr. Arnulf Komposch´s appointment to the Management Board and a number of strategic steps in the equity participations segment.

AvW Invest AG´s 2008 annual financial report is available from OeKB in the context of its issuer services (www.oekb.at). The company´s annual report for the 2008 financial year is available on the AvW website at www.avw.eu.

AvW Invest AG (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS), which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas: equity investments and real estate.
AvW´s shares are listed in the Standard Market Auction segment of the Vienna Stock Exchange.

end of announcement euro adhoc

emitter: AvW Invest AG Hauptstraße 118 A-9201 Krumpendorf/Wörthersee phone: +43(0)4229 3621 FAX: +43(0)4229 2386 mail: info@avw.eu WWW: www.avw.eu sector: Financial & Business Services ISIN: AT0000930409 indexes: Standard Market Auction stockmarkets: free trade: Börse Frankfurt, Börse Stuttgart, official dealing: Wiener Börse AG language: English

Rückfragen & Kontakt:

Mag. Brigitte Burger
Tel.: 04229/3621-24