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Mountain Alliance AG
Earnings Release • Jan 16, 2019
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Earnings Release
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News Details
Ad-hoc | 16 January 2019 19:48
Mountain Alliance AG: Group result 2018 impacted by share price development of the portfolio company The Native SA
Mountain Alliance AG / Key word(s): Profit Warning
Mountain Alliance AG: Group result 2018 impacted by share price development of the portfolio company The Native SA
16-Jan-2019 / 19:48 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.
16 January 2019
Mountain Alliance AG: Group result 2018 impacted by share price development of the portfolio company The Native SA
Mountain Alliance AG, according to preliminary calculations, is expected to report earnings before taxes (EBT) of approximately TEUR minus 1,800 for the 2018 financial year (previous year: TEUR 670). While the previous forecast of the Management Board provided an annual result for 2018, which was assumed to continue without taking exits into account on the basis of the half-year result (EBT H1/2018: TEUR minus 182), a significant need for impairment was identified for the stock listed holding company The Native SA in connection with the preparation of the consolidated financial statements pursuant to IRFS and the assessment of accounting and valuation issues. The reason for the above is an unexpectedly significant decline in the share price of The Native SA in December as of the reporting date, which, on the basis of IFRS accounting, resulted in a non-cash impact on earnings in the low single-digit million range.
According to preliminary calculations, Mountain Alliance AG realized group revenues of around EUR 20 million for the full year 2018 and thus achieved its revenues target.
Net asset value (NAV) of Mountain Alliance AG, according to preliminary calculations, amounts to approximately EUR 6.60 per share as of 31 December 2018.
Contact:
Mountain Alliance AG
Justine Wonneberger
CFO
Bavariaring 17
80336 Munich
phone: +49 89 2314141 00
fax: +49 89 2314141 11
email: [email protected]
16-Jan-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 |
| End of Announcement | DGAP News Service |