EQS-News: Mountain Alliance AG publishes Annual Report 2023 – Net Asset Value per share at € 6.64
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EQS-News: Mountain Alliance AG
/ Key word(s): Annual Results/Annual Report
Mountain Alliance AG publishes Annual Report 2023 – Net Asset Value per share at € 6.64
Munich, May 7, 2024 – Mountain Alliance AG (MA, ISIN DE000A12UK08) today publishes its annual report 2023 and its Net Asset Value (NAV) as at December 31, 2023. The annual report of Mountain Alliance AG has been prepared in accordance with the German Commercial Code (HGB) and the German Stock Corporation Act (AktG). The business development of Mountain Alliance AG in the reporting year was influenced by the challenging geopolitical conditions with the ongoing war in Ukraine and the Middle East conflict that emerged in October 2023, as well as the challenging economic development overall. Mountain Alliance AG generated sales of € 150,217 in the financial year 2023 in accordance with the German Commercial Code (HGB), compared to € 69,603 in the previous year. Earnings after taxes amounted to € -1,097,173 after € -835,406 in the previous year. On a net basis, the net loss for the financial year 2023 amounted to € -1,097,484 after a loss of € -835,893 in the previous year. The earnings performance reflects, in particular, inflationary trends in personnel costs, higher interest payments due to rising market interest rates, lower income from investments compared to the previous year and impairments in the course of the sale of the listed investments in Exasol AG and Bio-Gate AG as part of the strategic focus. These factors also influenced the performance of the portfolio, while the core portfolio excluding the listed investments remained largely stable. The portfolio value was € 47.5 million as at December 31, 2023, after € 49.3 million as at December 31, 2022. The decline was mainly due to the price losses of the listed investments Exasol AG and Bio-Gate AG, which have since been sold. Considering net financial liabilities of € 1.8 million, the net asset value (NAV) of Mountain Alliance AG amounted to € 45.7 million after € 47.4 million at the end of 2022. Based on 6,885,584 outstanding shares, the NAV per share as at December 31, 2023, was € 6.64 compared to € 6.89 as at December 31, 2022. "With the sale of the listed investments, Mountain Alliance AG took an important step in 2023 to better emphasize our core competence on the capital market, namely investing in promising private companies via our network in the venture capital market. With this focus, Mountain Alliance offers attractive access and thus added value for investors. With Lingoda, among others, we have attractive investments in our portfolio in terms of value, which are also ready for exit. After focusing our business in 2023 and adjusting our cost base, the focus for 2024 and beyond will be on the strategic and operational expansion of the existing portfolio and increasing NAV," says Dr. Hans Ulrich Tetzner, CEO of Mountain Alliance AG. Calculation of MA Group´s Net Asset Value as at December 31, 2023
Within the portfolio, the expansion at our investment AlphaPet, which focuses on premium pet food, is one of the highlights of the financial year 2023. The acquisition of the organic wet food brand Herrmann's Manufaktur in the first quarter of 2023 strengthens AlphaPet's market position in Europe and, with annual sales of around € 200 million, makes it one of the leading digital brand platforms for pet food. Following the successful partial exits from AlphaPet in the past, Mountain Alliance is currently aiming to sell its remaining stake of around 1%. The online language learning platform Lingoda, in which Mountain Alliance AG holds around 7% and is also the most valuable investment with a valuation of over € 200 million in the latest financing round, continued to grow in the financial year 2023, which is reflected in a corresponding increase in value. Mountain Alliance AG's goal remains to expand the portfolio in the medium term through organic growth and thus position it for promising exits in the medium term. However, the geopolitical uncertainties and declining economic momentum significantly limit the accuracy of the forecast, meaning that the aforementioned target figures are subject to the assumption that external factors do not deteriorate substantially. The Annual Report 2023 is available for download at www.mountain-alliance.de.
About Mountain Alliance AG:
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07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Mountain Alliance AG |
| Theresienstraße 40 | |
| 80333 München | |
| Germany | |
| Phone: | +49 89 231 41 41 00 |
| Fax: | +49 89 231 41 41 11 |
| E-mail: | danner@mountain-alliance.de |
| Internet: | www.mountain-alliance.de |
| ISIN: | DE000A12UK08 |
| WKN: | A12UK0 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1894687 |
| End of News | EQS News Service |
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1894687 07.05.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 20,25 | 13,51 | 9,84 | 10,10 | 11,42 | 0,15 | 0,00 | |
| EBITDA1,2 | -0,55 | -1,57 | -2,25 | -1,11 | -0,68 | -0,33 | 0,00 | |
| EBITDA-Margin3 | -2,72 | -11,62 | -22,87 | -10,99 | -5,95 | -220,00 | 0,00 | |
| EBIT1,4 | -1,89 | -2,21 | -2,99 | -1,82 | -1,25 | -1,03 | 0,00 | |
| EBIT-Margin5 | -9,33 | -16,36 | -30,39 | -18,02 | -10,95 | -686,67 | 0,00 | |
| Net Profit (Loss)1 | -1,75 | -1,75 | 2,94 | 3,77 | -2,52 | -1,10 | 0,00 | |
| Net-Margin6 | -8,64 | -12,95 | 29,88 | 37,33 | -22,07 | -733,33 | 0,00 | |
| Cashflow1,7 | -1,25 | -1,70 | -2,77 | -1,58 | -0,91 | -0,39 | 0,00 | |
| Earnings per share8 | -0,43 | -0,29 | 0,48 | 0,55 | -0,38 | -0,16 | -0,08 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Baker Tilly
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Mountain Alliance | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A12UK0 | DE000A12UK08 | AG | 18,87 Mio € | 21.12.2010 | Kaufen | 8FWH4HXG+73 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 39,14 | 9,29 | 4,21 | 47,24 | 0,63 | -47,88 | 125,78 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 25.06.2024 | 16.09.2024 | 07.05.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -1,90% | +3,36% | +8,73% | +9,60% | +0,00% |
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