EANS-Adhoc: AvW Invest AG / AvW Invest AG: With net profits of EUR 1.36 million in Q3, the company is on the plus side for the second consecutive quarter

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09.11.2009

- EUR 1.36 million in net profits for the third quarter
- Cautiously positive outlook for 2009 as a whole
- Portfolio of equity holdings consistently expanded

AvW Invest AG, which is listed on the Vienna Stock Exchange, was able to close
the third quarter of 2009 with a positive result. In the period from July to
September 2009, the company achieved net profits of EUR 1.36 million. "This
demonstrates that the company succeeded in achieving a sustained reversal of its
operating trend, which had already begun to emerge in the second quarter, which
was also closed with a positive balance", says Wolfgang Auer-Welsbach, Chairman
of the AvW Invest Management Board. The positive development of the third
quarter of 2009 is mainly to be attributed to significant increases in the
market prices of AvW Invest AG´s strategically structured equity participations
and to income derived from dividends and real estate transactions.

Despite the positive figures of the second and third quarters, the overall
result for the first nine months of 2009 is still slightly negative.

The operating income came to EUR 673,054 in the third quarter of 2009 (Q1 to Q3
2008: EUR 15.442 million), and the profit on ordinary activities (POA) stood at
EUR -904,635 (Q1 to Q3 2008: EUR -6.995 million). Overall, the first nine months
of 2009 closed with a net loss of EUR -103,396 (Q1 to Q3 2008: EUR -7.436
million).

EUR million      First to third quarter 2009 First to third quarter 2008
                                                                         
Sales revenues          0.442                        15.253
Operating income        0.673                        15.442
Earnings 
before tax (POA)       -0.905                       - 6.995
Net profit/loss        -0.103                        -7.436
Balance sheet profit    3.793                        13.680
Balance sheet total    28.227                        52.934
Equity capital         20.950                        33.836
Earnings/losses
per share              -0.03                         -2.47
Employees              13                           318*

*incl. freelance employees/financial partners (in the course of the voluntary
surrender of the company´s Securities Supervision Act (WAG) license, all
financial partners were deregistered with the Austrian Financial Market
Authority in November 2008)

Financial reporting has been prepared in accordance with IFRS. Due to the
surrender of the WAG license in October 2008, classifications pursuant to the
Austrian Banking Act (BWG) were not used. As a result, the provisions of the
Austrian Business Enterprise Code (UGB) apply to the first three quarters of
2009. The values of the first three quarters of 2009 have been adjusted
accordingly.

In light of the expected further consolidation in the financial markets, AvW
Invest AG is cautiously optimistic about the 2009 financial year as a whole.
There are, however, uncertainties with regard to the outcome of pending legal
disputes.

AvW Invest AG´s portfolio of equity investments will be further expanded, with
particular focus on the IT sector. "We are concentrating our investment efforts
on favourably rated companies with strong growth and good perspectives for the
future", says Wolfgang Auer-Welsbach. In the first three quarters of 2009, the
company made new investments in the German IT companies Pironet AG (PNGG.DE),
Group Business Software AG (INWG.DE) and GFT Technologies AG (GFTG.DE).

The full report for the first three quarters of 2009 is available on our website
at www.avw.eu

About AvW Invest AG:

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.

Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:[email protected]
end of announcement euro adhoc
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issuer: AvW Invest AG
Hauptstraße 118
A-9201 Krumpendorf/Wörthersee
phone: +43(0)4229 3621
FAX: +43(0)4229 2386
mail: [email protected]
WWW: www.avw.eu
sector: Financial & Business Services
ISIN: AT0000930409
indexes: Standard Market Auction
stockmarkets: free trade: Frankfurt, Stuttgart, official dealing: Wien
language: English

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