19 September 2018 |

Mountain Alliance AG publishes mid-year report 2018 – solid sales growth achieved

• The half-year sales result grows by 12 percent to €9,669K
in comparison with €8,634K year on year.
• The group result is at minus €169K (previous year: €189K)

Munich, September 19, 2018 – Mountain Alliance AG (MA, ISIN DE000A12UK08) publishes its financial figures for the first half year 2018. The group reports for the first time under its new name Mountain Alliance AG (previously Ecommerce Alliance AG). The renaming had been decided at the general assembly on July 5, 2018 to emphasise the new partnership with Mountain Partners AG, which is also majority shareholder of Mountain Alliance AG with 50.1%.

During the reporting period, the group was able to sell two indirect minority shareholdings in the satellite internet providers Getinternet GmbH and Orbitcom GmbH. The board of directors decided to publish the NAV (net asset value) for the first time in May 2018 to improve transparency and communication with capital market participants, and to allow investors more insight into the performance of the MA portfolio. The portfolio asset value of the three segments Meta Platforms, Value-added eCommerce and Digital Business Services is at €31.6 million as of June 30, 2018. The overall NAV of Mountain Alliance AG is at €27.3 million on the valuation date. The overall NAV is therefore significantly above the group’s market capitalisation of €21.5 million as per the end of the half year.

Mountain Alliance AG achieved sales revenues of €9,669K in comparison with €8,634K year on year. That means an increase by just under 12%. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to minus €416K. Last years EBITDA was at minus €540K. Increased impairment losses on goodwill reduced the earnings before interest and taxes (EBIT). The actual EBIT achieved a value of minus €1,044K in comparison with minus €691K year on year. The financial result of €862K for the first half year is at approximately the same level as last year (€944K). All in all, the period of January 1 to 30 June 2018 shows a group result of minus €169K in comparison with €189K year on year.

"Our investments are popular among strategic investors. This is a fact that has been proven not just in the recent past, but also in the half year just passed", says Daniel Wild, CEO of Mountain Alliance AG.

Mountain Alliance AG continuously scours the market for profitable acquisition candidates. Promising opportunities will be assessed by the group as part of its strategy. Mountain Alliance AG is aiming at consolidated revenues of up to €20 million for the full year 2018.

The complete first-half year report 2018 is available for download from the Investor Relations section at www.mountain-alliance.de.

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