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

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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.
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annual report

28.04.2009

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
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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

AvW INVEST AG

Mag. Brigitte Burger

Tel.: 04229/3621-24

mailto:b.burger@avw.eu

Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Standard Market Auction
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing