DGAP-News

Mountain Alliance AG publishes Half-Year Report 2021 - Net Asset Value per Share increases to EUR 7.67 - Seite 2

The portfolio of the four segments Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media reached a value of EUR 54.8 million as of 30 June 2021, compared to EUR 50.8 million as of 31 December 2020. Taking into account net financial liabilities in the amount of EUR 2.0 million, the net asset value (NAV) of Mountain Alliance AG amounts to EUR 52.8 million. Compared to the year-end value 2020 of EUR 47.8 million, this corresponds to an increase of 10.6%, which is mainly due to the increase in value of Lingoda. Based on 6,886 million shares outstanding as of 30 June 2021, the NAV per share is EUR 7.67 compared to EUR 6.93 as of 31 December 2020.

Net Asset Value Calculation of the MA Group

NAV Segment	in EUR million
Technology	36.0
Digital Business Services	7.5
Digital Retail	6.6
Meta-Platforms & Media	4.7
Portfolio Value	54.8
Net Financial Debt	2.0
Net Asset Value (NAV)	52.8
NAV per Share (in EUR)	7.67

Mountain Alliance is ideally positioned to grow further in the wake of the technology and digitalization push in business and society. Against this backdrop, management reaffirms its medium-term goal of reaching the EUR 100 million mark in terms of portfolio value. To achieve this growth target, the company intends to continue acquiring attractive portfolios in addition to organic growth. Looking ahead to fiscal 2021, management is confident in view of the successful performance in the first half of the year. Based on the current development of the coronavirus infections and the revenue development to date, Mountain Alliance AG is aiming for a consolidated revenue at the previous year's level for the fully consolidated portfolio companies in 2021. The net asset value is expected to be five to ten percent above the level of December 2020, based on the growth of the portfolio companies, the sustained increase in investor interest in our investments and subject to the future performance of the listed investments.