EQS-News

Mountain Alliance AG publishes Annual Report 2023 – Net Asset Value per share at € 6.64

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 07.05.2024 / 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 € 6.64

• Net Asset Value (NAV) at € 45.7 million (December 31, 2022: € 47.4 million)
• NAV per share at € 6.64 (December 31, 2022: € 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 € 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.