Munich, March 14, 2018 – Ecommerce Alliance AG (ECA, ISIN DE000A12UK08) presented preliminary results for the business year 2017 today. Following a successful restructuring into a digital asset management company, ECA now focuses on the group result, in which the profit contributions of all investments – including minority shareholdings in Mountain Internet AG, which was acquired in the second half of 2017 – are included. According to preliminary calculations, the earnings before tax (EBT) during the last business year amounted to TEUR 670 in comparison with TEUR 349 from the previous year. The consolidated net income of TEUR 434 means that the group has reached its target of a positive annual result, overshooting the previous year’s result of TEUR 213 by 104%.
In 2017 Ecommerce Alliance AG completed three successful exits with the sale of 12 percent of the shares in MYBESTBRANDS, the minority shareholding in The Native Media Inc. and the minority shareholding in InterNations GmbH. The acquisition of Mountain Internet AG has substantially expanded the ECA portfolio by eight promising digital investments. Group sales, in which the proceeds from the minority shareholdings are not included, decreased due to weaker Service turnover to around EUR 16.7 million during the reporting year. (EUR 18.4 million in the previous year.)
In the business year 2017, Ecommerce Alliance AG established the infrastructure required to develop the group into a leading investment company for digital enterprises. In-depth cooperation with the majority shareholder Mountain Partners has significantly increased the scope of strategic options for ECA.
All figures are provisional pending the final audit and financial statements. The final figures for the business year 2017 and an outlook regarding the current business year will be published by Ecommerce Alliance AG in the Annual Report 2017 on April 24, 2018.