EQS-News

Mountain Alliance AG publishes Annual Report 2023 – Net Asset Value per share at € 6.64 - Seite 2

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

NAV Segment	in € 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

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%.