EANS-Adhoc: AvW Invest AG / AVW Invest AG posts profit for the second quarter of 2009

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6-month report

11.08.2009

- Negative trend reversed; net profits of EUR 144,180 for Q2
- First half-year still negative, but losses reduced
- Cautiously optimistic outlook for 2009
- Portfolio of equity holdings to be further expanded

In the second quarter of the current financial year, AvW Invest AG,
which is listed on the Vienna Stock Exchange, achieved an impressive
reversal of the previously experienced negative trend. Following a
net loss of EUR 1.6 million in the first quarter, the company posted
net profits in the amount of EUR 144,180. The main reason for this
was the positive development of AvW Invest AG´s portfolio of equity
investments, which focuses on the acquisition of shares in IT
companies. "Our strategy has proven its value. With it, we are
definitely on the right track," says Wolfgang Auer-Welsbach, Chairman
of AvW Invest AG´s Management Board.

The company´s financial figures for the first six months of 2009 are
as follows:

The operating income came to EUR 0.053 million (first half of 2008:
EUR 12.533 million), and the profit on ordinary activities (POA)
stood at EUR -1.764 million (first half of 2008: EUR 10.091 million).
Overall, the first half of 2009 closed with a net loss of EUR -1,464
million (first half of 2008: EUR 7.560 million).

EUR First half of 2009 First half of 2008

Sales revenues 0.000166 12.023
Operating income 0.053 12.533
Profit before taxes (POA) -1.764 10.091
Net profit/loss -1.464 7.560
Balance sheet profit 2.432 28.676
Balance sheet total 24.169 64.564
Equity capital 18.081 50.829
Earnings/loss
per share (EUR) -0.49 2.51
Employees 16 318*

*incl. freelance employees/financial partners

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 half of 2009. The values of the first six months
of 2008 have been adjusted accordingly.

From today´s perspective, the company´s outlook for 2009 as a whole
is "cautiously optimistic". The process of consolidation is
progressing as planned, and the further development of the financial
markets is anticipated to head in a positive direction. "By
re-entering the profit zone in the second quarter, we have reached an
important milestone," says Wolfgang Auer-Welsbach.

The company´s portfolio of equity investments is to be further
expanded during the next few months, with the focus continuing on the
IT sector. In the past weeks, AvW Invest AG has already increased its
investments in a number of companies, including GFT Technologies,
Realtech and Group Business Software AG.

The full report for the first half of 2009 can be downloaded from 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.

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: Frankfurt / free trade
Stuttgart / free trade
Wien / official dealing