euro adhoc: AvW Invest AG / Financial Figures/Balance Sheet / AvW INVEST increases profits

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6-month report

19.08.2008

Operating result rises to 10.727 million EUR, + 10.1 per cent
Net profit rises to 7.560 million EUR, + 4.5 per cent
Profit forecast for 2008 reaffirmed
Equity participations further expanded

In the first half of the current business year AvW INVEST AG, which
is listed on the Prime Market of the Vienna stock exchange, has
further increased its results. The operating earnings rose from
11.449 million EUR to 12.405 million EUR (+ 8.4 per cent), the profit
before taxes (POA) rose from 9.731 million EUR to 10.126 million EUR
(+ 4.1 per cent), and the net profit (surplus for the period) rose
from 7.232 million EUR to 7.560 million EUR (+ 4.5 per cent). The
profit per share increased in the first six months from 2.40 EUR to
2.51 EUR (+ 4.6 per cent).

The basis for these increases are the company´s excellent earnings in
the equity participations, financial services and real estate
sectors. In just one transaction, the sale of the stake in D+S
Europe, a net profit of over five million Euro was achieved. Overall
the operating earnings in equity participations are up 34 per cent.

AvW INVEST has also profited from the volatile situation on the
markets in its core business of financial services, particularly
asset management and derivatives, where operating earnings rose by
4.5 per cent overall. In its smallest sector, real estate, an
increase of 56 per cent was achieved.

"We have fulfilled expectations and further increased our profits,
even in a highly volatile market situation. We are optimistic about
the year as a whole and are expecting a very good result," said the
Chairman of the Board of Management of AvW, Wolfgang Auer von
Welsbach.

The profit forecast for the current business year is thus reaffirmed,
with the profit per share being expected to rise from 4.32 to around
5 EUR. This would be the highest net profit ever for AvW INVEST AG.

In the field of equity participations, there has in particular been
significant expansion in the first half year in the stakes held by
the company in German IT companies. Thus AvW Invest AG now holds over
16 per cent in Realtech (start of year: 10 per cent) and around 22
per cent in Nextevolution (start of year: 16 per cent). "Our aim is
to further expand our equity participations portfolio," says Auer von
Welsbach.

in millions of EUR 1st half 2008 1st half 2007 Increase

Operating earnings 12.405 11.449 + 8.4 %
Operating result 10.727 9.742 + 10.1 %
Profit before taxes (POA)10.126 9.731 + 4.1 %
Surplus for the period 7.560 7.232 + 4.5 %
Balance sheet profit 28.676 19.100 + 50.1 %
Profit/share in EUR 2.51 2.40 + 4.6 %
Employees 318 272 + 16.9 %

The balance sheet has been drawn up in accordance with IFRS, classified
according to the Austrian Banking Law

The interim financial report for the first half of 2008 is available
on the website www.avw.eu or at IssuerInformationCenter of OEKB.

About AvW INVEST AG AvW INVEST AG, which is domiciled in Krumpendorf
at Lake Wörthersee, is active in three core business areas: financial
services, equity participations and real estate. AvW´s shares are
listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN
number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS).

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: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing