Mountain Alliance AG updated earnings guidance for the financial year 2019. For the year, the company expected to report Group revenues around EUR 13 million against previous expectation in a range of EUR 17 million to EUR 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.