Mountain Alliance AG publishes its 2021 annual report – Net asset value per share increases to EUR 7.34

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DGAP-News: Mountain Alliance AG / Tag(s): Annual results/Annual report

Mountain Alliance AG publishes its 2021 annual report – Net asset value per share increases to EUR 7.34

05.05.2022 / 09:00
The issuer is solely responsible for the content of this announcement.

Mountain Alliance AG publishes its 2021 annual report? The net asset value per share increases to EUR 7.34

– The value of the portfolio increases to 52.5 million euros after 50.8 million euros the previous year

– The net asset value (NAV) improves to 50.5 million euros (previous year: 47.8 million euros) or 7.34 euros per share

– The consolidated result increases to 3.77 million EUR (previous year: 2.94 million EUR) or 0.55 EUR per share (previous year: 0.48 EUR)

– Investments attract high-profile investors to fund growth

– Continued strong investor demand for technology and e-commerce investments

Munich, May 05, 2022? Mountain Alliance AG (MA, ISIN DE000A12UK08) today published its 2021 Annual Report and the net asset value of the investment portfolio as of December 31, 2021.

The 2021 financial year was again characterized by strong investor interest in the digital and technology assets of the portfolio of Mountain Alliance AG, which resulted in a further increase in the value of the portfolio. On the other hand, restrictive regulatory measures in the context of the corona pandemic continued to temporarily affect the operational development of individual investments.

As of December 31, 2021, the value of the portfolio of the four segments Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media reached the new level of 52.5 million euros, compared to 50.8 million euros the last year. The negative share price development of listed participations, in particular Exasol AG, was more than compensated by the dynamic increase in the value of Lingoda and Qwello, among others. Taking into account the net financial debts of 2.0 million euros (previous year: 3.0 million euros), the net asset value (NAV) of Mountain Alliance AG amounts to 50.5 million euros. euros or 7.34 euros per share. This corresponds to an increase of 5.9% compared to the previous year.

Mountain Alliance AG achieved consolidated revenue of 10.1 million euros in the 2021 financial year, compared to 9.8 million euros the previous year. This is an encouraging development, as government restrictive measures have temporarily slowed the trading performance of holdings such as getonTV, promipool and Shirtinator. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved from minus €2.25 million in the previous year to minus €1.11 million. Earnings before interest and taxes (EBIT) reached minus 1.82 million euros, compared to minus 2.99 million euros the previous year. Overall, the consolidated result in 2021 amounted to 3.77 million euros compared to 2.94 million for the 2020 financial year. Earnings per share amounted to 0.55 euro and therefore higher by 14.6 % to the previous year’s figure.

The Group’s total assets decreased to €50.8 million as of December 31, 2021 (December 31, 2020: €55.9 million). The capital ratio remained at a strong and high level at 84% (31 December 2020: 69%).

“The further increase in our net asset value reflects the strong demand from well-known investors for our portfolio investments. The success of growth initiatives and funding rounds of various investments, notably at Lingoda and Qwello, confirms our decision to invest very early in hidden champions, ? said Manfred Danner, member of the board of directors of Mountain Alliance AG.

Mountain Alliance AG aims to further develop the group by acquiring attractive portfolios. The medium-term objectives, which include an increase in the value of the portfolio to 100 million euros, will be maintained. For the 2022 financial year, Management expects an increase in consolidated revenue of 5% to 10% for fully consolidated investments. In terms of net asset value, management expects further positive development based on portfolio company growth, increased investor interest and value-added acquisitions, subject to future performance of listed investments. . Based on a net asset value of 52.5 million euros as of December 31, 2021, an organic increase of 5% to 10% is expected for 2022.

This forecast is based on the assumption that the measures taken as a result of the corona pandemic will remain at the level of the 2021 financial year or even be reduced. The war in Ukraine has so far not had a significant impact on the business development of Mountain Alliance AG. However, the forecast is subject to the condition that the geopolitical upheavals related to the war in Ukraine do not further restrict the development of the world economy. Negative effects on investment performance therefore cannot be ruled out and may lead to adjustments to the plan.

Calculation of the net asset value of the MA groupp

NAV segment in millions of euros
Technology 33.8
Digital Business Services 7.5
Digital retail 6.7
Meta-platforms and media 4.5
Portfolio value 52.5
Net financial debt 2.0
Net Asset Value (NAV) 50.5
NAV per Share (in EUR) 7.34

The full 2021 Annual Report is available for download in the Investor Relations section at www.mountain-alliance.de.

About Mountain Alliance SA:
Mountain Alliance AG (ISIN: DE000A12UK08) is an operating investment company whose shares are listed on the m:access SME segment of the Munich Stock Exchange and on the Base Board of the Frankfurt Stock Exchange. As a lean, transparent and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: digital commerce. Mountain Alliance AG currently owns portfolio companies in four segments: technology, digital business services, digital retail, and meta-platforms and media. Through its listing, Mountain Alliance provides its shareholders with easy access to a diversified portfolio of digital and technology assets.

Contact:
Mountain Alliance AG
Manfred Danner
CEO
Theresiensienstraat 40
80333 Munich
phone: +49 89 2314141 00
fax: +49 89 2314141 11
Email: [email protected]
www.mountain-alliance.de

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhof str. 98
82166 Graefelfing/Munich
phone: +49 89 1250903-30
Email: [email protected]
www.crossalliance.de

05.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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