-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
13.11.2006
AvW INVEST AG announces that the 5% interest in Pankl Racing Systems AG will be transferred to AvW Management-Beteiligungs AG. AvW Management-Beteiligungs AG now holds more than ~23% in Pankl and is therefore able to adopt a common position in its future dealings with third parties. This places the company in a better strategic position to reach a blocking minority of 25% plus one share. The small caps portfolio of AvW INVEST AG is focused on the IT and raw materials sectors. In the Austrian and German IT markets, the company is always on the lookout for favourable opportunities to expand its existing investments. According to Wolfgang Auer von Welsbach, Chairman of the Board of Managment of AvW INVEST AG, the operating income will exceed the EUR 10 million mark for the first time in the company's history.. For the first time in the company’s history, operating income will exceed the EUR 10 million mark. The expected earnings objective for 2006 - EUR 2.40 per share (2005: EUR 1.48) has already been reached. All other sales of participating interests will be postponed until the 2007 financial year.
About AvW INVEST AG: http://www.avw.eu AvW's shares are listed on the Vienna Stock Exchange on the ATX Prime Market(ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee,specialises in the fields of financial services, equity investments and real estate.
end of announcement euro adhoc 13.11.2006 09:47:27 --------------------------------------------------------------------------------
ots Originaltext: AvW Invest AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: AvW INVEST AG Nicole Kahn Investor Relations Tel.: 04229/3621-25 mailto:n.kahn@avw.at
Branche: Financial & Business Services ISIN: AT0000930409 WKN: 892661 Index: Prime.market Börsen: Frankfurter Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Wiener Börse AG / official dealing
