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Mountain Alliance AG
Earnings Release • Dec 19, 2019
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Earnings Release
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News Details
Ad-hoc | 19 December 2019 15:56
Mountain Alliance AG adjusts sales and earnings expectations for the financial year 2019
Mountain Alliance AG / Key word(s): Profit Warning
Mountain Alliance AG adjusts sales and earnings expectations for the financial year 2019
19-Dec-2019 / 15:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Mountain Alliance AG adjusts sales and earnings expectations for the financial year 2019
According to current projections, Mountain Alliance AG, Munich (ISIN: DE000A12UK08), is expected to report earnings before taxes (EBT) in the range of minus EUR 1.5 million with a fluctuation margin of approximately 20% depending on the share price development of the stock listed portfolio companies until the balance sheet date (previous year: minus EUR 1.7 million) and thus miss the target of a balanced consolidated result. At the same time, the Management Board is adjusting the forecast for the Group revenues expected in the current financial year to around EUR 13 million (previous year: EUR 20.3 million). The previous expectation for the financial year 2019 envisaged Group revenues in a range of EUR 17 million to 19 million. Reason for this is mainly a significant decline in sales and earnings in the service-business due to a weak TV-market, which had a negative effect on the development of the consolidated service-subsidiaries, in particular getonTV GmbH. In addition, earnings in the current financial year will be burdened by lower revenues and higher IT development costs of the subsidiary Shirtinator AG. An extensive relaunch of the Shirtinator website is expected to provide new growth impulses from 2020 onwards.
**Mountain Alliance AG, Munich
Management Board**
Contact:
Mountain Alliance AG
Justine Wonneberger
CFO
Bavariaring 17
80336 Munich
phone: +49 89 2314141 00
fax: +49 89 2314141 11
email: [email protected]
http://www.mountain-alliance.de
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Gräfelfing/München
phone: +49 89 1250903-30
e-mail: [email protected]
19-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Mountain Alliance AG |
| Bavariaring 17 | |
| 80336 München | |
| Germany | |
| Phone: | +49 89 231 41 41 00 |
| Fax: | +49 89 231 41 41 11 |
| E-mail: | [email protected] |
| 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: | 940455 |
| End of Announcement | DGAP News Service |