Mountain Alliance AG
ISIN: DE000A12UK08
WKN: A12UK0
13 September 2024 08:00AM

EQS-News: Mountain Alliance AG publishes half-year financial statements 2024 - Net asset value per share at € 6.67

Mountain Alliance AG · ISIN: DE000A12UK08 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1984527

EQS-News: Mountain Alliance AG / Key word(s): Half Year Results
Mountain Alliance AG publishes half-year financial statements 2024 - Net asset value per share at € 6.67

13.09.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Mountain Alliance AG publishes half-year financial statements 2024 - Net asset value per share at € 6.67

  • Net asset value (NAV) at € 46.0 million (31 December 2023: € 45.7 million)
  • NAV per share at € 6.67 (31 December 2023: € 6.64)
  • Successful exit at AlphaPet
  • Further exit options in the portfolio

Munich, 13 September 2024 - Mountain Alliance AG (MA, ISIN DE000A12UK08) today published its half-year financial statements for 2024 and the net asset value as of 30 June 2024. The half-year financial statements of Mountain Alliance AG were prepared in accordance with the provisions of the German Commercial Code (HGB) and the German Stock Corporation Act (AktG).

In the first half of 2024, Mountain Alliance AG generated revenue of € 61,761 in accordance with the German Commercial Code (HGB) compared to € 63,833 in the previous year. Earnings after taxes improved to € -506,783 after € -584,659 in the same period of the previous year. On a net basis, there was a loss of € -507,065 for the first half of 2024 after a loss of € -584,970 in the same period of the previous year. The improvement in earnings mainly reflects personnel changes within the company and the associated utilization of synergies in administrative functions within the Group.

The portfolio value as of 30 June 2024 was € 46.7 million, compared to € 47.5 million as of 31 December 2023. Considering the net financial liabilities of € 0.8 million, the net asset value (NAV) of Mountain Alliance AG as of 30 June 2024 was € 46.0 million, compared to € 45.7 million at the end of 2023. Based on 6,885,584 outstanding shares, this results in a NAV per share of € 6.67 as of 30 June 2024 compared to € 6.64 as of 31 December 2023.

"The adjustment of our cost base initiated in 2023 is already having an effect. At the same time, the portfolio continues to develop promisingly, with our largest investment Lingoda in particular showing dynamic growth. With the final exit at AlphaPet in May of this year, we have provided further proof of the extraordinary value creation in the venture capital business as a whole and in Mountain Alliance AG's business model in particular. We are confident that we will realize further lucrative exits in the foreseeable future," says Dr Hans Ulrich Tetzner, CEO of Mountain Alliance AG.

Net asset value calculation of the MA Group as of 30 June 2024

Portfolio value 46,7
Net financial liabilities 0.8
Net asset value (NAV) 46.0
NAV per share (in EUR) 6.67

One of the portfolio highlights of the first half of the year was the sale of the remaining stake in AlphaPet Ventures GmbH in May of this year after several partial exits in previous years. Mountain Alliance AG had been an investor in AlphaPet Ventures GmbH since 2017 and held a stake of just under 1.2 percent until the sale was finalized.

Mountain Alliance AG's largest and most important investment in terms of value, the online language learning platform Lingoda, continues to record dynamic growth. Following an increase in revenue to € 49.6 million in the 2023 financial year, Lingoda is expected to grow to more than € 70.0 million in the current year. This development is also reflected in a growing valuation of the 6.7 percent stake, which is now also ready for exit.

Mountain Alliance AG remains committed to its goal of expanding the portfolio in the medium term through organic growth and thus positioning it for further promising exits.

However, geopolitical uncertainties and the declining economic momentum in Europe and especially in Germany limit the accuracy of the forecast in terms of the time frame and reliable target figures.

The half-year financial statements for the first half of 2024 are available for download at www.mountain-alliance.de


About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent, and experienced investor with many years of know-how and an excellent network, the company invests in innovative technology companies. The aim is to invest at an early stage in companies and business models that are actively shaping the future technology trends. The company gives shareholders easy access to a diversified portfolio of technology-oriented hidden champions via the stock exchange.

Contact:
Mountain Alliance AG
Dr Hans Ulrich Tetzner
Management Board
Theresienstr. 40
80333 Munich
e-mail: tetzner@mountain-alliance.de
www.mountain-alliance.de

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Gräfelfing/Munich
phone: +49 89 1250903-30
e-mail: sh@crossalliance.de
www.crossalliance.de

 

 

 

 

 



13.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: sh@crossalliance.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: 1984527

 
End of News EQS News Service

1984527  13.09.2024 CET/CEST

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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
Quelle: boersengefluester.de and Company information
Explanation

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
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
25.06.2024 16.09.2024 07.05.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
2,74 €
ATH 13,05 €
-1,90% +3,36% +8,73% +9,60% +0,00%

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