DGAP-News: TOMORROW FOCUS AG reports substantial increases in revenue (up 20 percent) and earnings (up 33 percent) for financial year 2011
(firmenpresse) - DGAP-News: TOMORROW FOCUS AG / Key word(s): Final Results/Preliminary
Results
TOMORROW FOCUS AG reports substantial increases in revenue (up 20
percent) and earnings (up 33 percent) for financial year 2011
08.03.2012 / 08:00
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MEDIA RELEASE
TOMORROW FOCUS AG reports substantial increases in revenue
(up 20 percent) and earnings (up 33 percent) for financial year 2011
Munich (Germany), 8 March 2012 - TOMORROW FOCUS AG grew by a considerable
margin in the financial year 2011. According to the provisional figures,
both consolidated revenue and the key earnings results were well above the
levels achieved in the previous year.
Consolidated revenue for the TOMORROW FOCUS Group was up 20 percent
year-on-year from EUR 106.9 million to EUR 128.3 million after adjusting
for the contributions made by Playboy Deutschland Publishing GmbH (sold on
1 November 2010) and the Adjug Group (recognised from 1 August 2011 under
equity investments following the sale of a majority stake to Dentsu). If
these contributions are included, the increase in consolidated revenue
comes to 6.0 percent, from EUR 128.2 million in 2010 to EUR 135.9 million.
The growth in revenue achieved in the financial year of 2011 was due to
positive results in all three of the Group's operating segments.
After adjusting for the contribution of the AdJug Group, revenue in the
Advertising segment for financial year 2011 was 20.2 percent higher at EUR
25.0 million, largely on account of strong performances from the online
marketing specialist TOMORROW FOCUS Media and the news portal FOCUS Online.
Both these companies helped to deliver a major turnaround in the segment's
earnings.
In the Technologies segment, revenue for 2011 stood at EUR 13.2 million, a
rise of 22.5 percent on the previous year. The two companies of the segment
contributed to the improvement: the results of Cellular GmbH were again
boosted by continued healthy demand for mobile applications and TFT GmbH
established a firm position in the e-commerce market.
After adjusting for the contribution made by Playboy Deutschland Publishing
GmbH, revenue in the Transactions segment was up 19.5 percent at EUR 90.1
million.
Once again, there was a pleasing performance from HolidayCheck AG, which
benefited from the ongoing trend towards online booking for package
holidays. In addition, the measures taken to expand HolidayCheck's
international presence began to pay off, with both Poland and France
recording a significant boost in activity.
Despite intense competition, EliteMedianet GmbH, which operates the online
dating agency ElitePartner.de, achieved a modest increase in revenue
alongside a considerable improvement in profitability. According to the
company itself, this has helped to strengthen ElitePartner's leading market
position among Germany's dating agencies.
For reasons of comparability, the 2010 earnings results given below have
been adjusted to exclude non-recurring income of EUR 5.8 million from the
sale of Playboy Deutschland Publishing GmbH and one-off amortisation of EUR
2.5 million (charged against earnings) on software produced and capitalised
by the company.
At EUR 21.4 million, Group earnings before interest, taxes, depreciation
and amortisation (Group EBITDA) for the financial year of 2011 showed an
improvement on the previous year's adjusted figure of EUR 18.2 million to
end the year up 17.6 percent.
Group earnings before interest and taxes (Group EBIT) for 2011 recorded a
year-on-year increase of 33.3 percent from EUR 12.6 million (adjusted) in
2010 to EUR 16.8 million.
Group earnings before taxes (Group EBT) for 2011 stood at EUR 13.1 million,
up 33.7 percent on the previous year's adjusted figure of EUR 9.8 million.
Group earnings after taxes rose by 55.6 percent from EUR 7.2 million
(adjusted) in the previous year to EUR 11.2 million in 2011.
Consolidated earnings per share for the financial year of 2011 were 31.3
percent higher at EUR 0.21 compared to EUR 0.16 (adjusted) for 2010.
The Management Board intends to propose a dividend of EUR 0.06 (2010: EUR
0.05) to the Supervisory Board and the shareholders at the annual general
meeting.
The financial year 2012 has started well with all three operating segments
experiencing renewed growth. The Management Board is therefore confident
that the Group can deliver another significant boost to its results in the
coming year.
The German version of the annual report of the TOMORROW FOCUS Group for the
financial year 2011 will be published on the website at
www.tomorrow-focus.de during the course of 30 March 2012, the translation
of the report in English will follow soon after.
About TOMORROW FOCUS AG
TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the leading exchange-listed Internet groups in Germany.
The Group has a workforce of around six hundred, and its business
operations are divided into three divisions: Transactions, Advertising and
Technologies:
The Transactions division includes HOLIDAYCHECK, the Group's hotel rating
and travel booking portal, ELITEPARTNER, a premium online dating portal,
and JAMEDA.de, the physician recommendations portal.
The Advertising division includes TOMORROW FOCUS Media, one of the leading
German online marketing providers, which markets a number of portals on
behalf of business partners in addition to those operated by the Group
itself, such as the news and utility journalism site FOCUS Online and the
stock market information portal FINANZEN100. The Technologies division
includes CELLULAR GmbH, one of Germany's leading full-service agencies for
mobile platforms, and TFT GmbH, which provides technology and creative
services for web-based IT solutions.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone: +49 (0)89 9250-1256
fax: +49 (0)89 9250-2403
email: a.blohmann(at)tomorrow-focus.de
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
Photo material and logos can be found in our media newsroom at
www.tomorrow-focus.de/newsroom
End of Corporate News
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08.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann(at)tomorrow-focus.de
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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159795 08.03.2012
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