DGAP-Adhoc: Mountain Alliance AG adjusts sales and earnings expectations for the financial year 2019

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]
www.crossalliance.de