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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 EUR 6.64
2024-05-07 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Mountain Alliance AG publishes Annual Report 2023 - Net Asset Value per share at EUR 6.64
. Net Asset Value (NAV) at EUR 45.7 million (December 31, 2022: EUR 47.4 million)
. NAV per share at EUR 6.64 (December 31, 2022: EUR 6.89)
. Portfolio adjusted through sale of listed investments
. Very promising exit pipeline
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 EUR 150,217 in the financial year 2023
in accordance with the German Commercial Code (HGB), compared to EUR 69,603 in the previous year. Earnings after taxes
amounted to EUR -1,097,173 after EUR -835,406 in the previous year. On a net basis, the net loss for the financial year
2023 amounted to EUR -1,097,484 after a loss of EUR -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 EUR 47.5 million as at December 31, 2023, after EUR 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 EUR 1.8 million, the net asset value
(NAV) of Mountain Alliance AG amounted to EUR 45.7 million after EUR 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 EUR 6.64 compared to EUR 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

NAV Segment                 in EUR million 
Technology                          30.8 
Digital Business Services            5.5 
Digital Retail                       6.4 
Meta-Platforms & Media               2.6 
Investment Portfolio Value          45.3 
Net Financial Liabilities            1.8 
Net Asset Value (NAV)               45.7 
NAV per Share (in EUR)              6.64 

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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 EUR 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 EUR 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: 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 Sole Member of the 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 Graefelfing/Munich phone: +49 89 1250903-30 e-mail: sh@crossalliance.de www.crossalliance.de

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2024-05-07 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

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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 2024-05-07 CET/CEST

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May 07, 2024 04:00 ET (08:00 GMT)