DGAP-News: TOMORROW FOCUS AG first-half revenue up 14 percent
(firmenpresse) - DGAP-News: TOMORROW FOCUS AG / Key word(s): Half Year Results
TOMORROW FOCUS AG first-half revenue up 14 percent
08.08.2012 / 08:04
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TOMORROW FOCUS AG first-half revenue up 14 percent
Munich (Germany), 8 August 2012 - Following a year of strong growth in
2011, TOMORROW FOCUS AG has kept up the pace in 2012 with the highest
half-year revenue figure in its entire history.
After adjusting for the AdJug Group (since 1 August 2011 TOMORROW FOCUS AG
is no longer the majority shareholder), the Group's consolidated revenue in
the first half of 2012 showed a year-on-year increase of 14.0 percent from
EUR 61.5 million to EUR 70.0 million. Even if revenue from the AdJug Group
is included, the increase from EUR 68 million to EUR 70 million is still
equivalent to 3 percent.
Again adjusting for the AdJug Group, consolidated revenue for the second
quarter of 2012 rose by 11.6 percent from EUR 30.1 million to EUR 33.7
million.
This was mainly achieved thanks to positive results in the Group's two
biggest segments, Transactions and Advertising.
Despite an expected lull in travel bookings by HolidayCheck users during
the European Football Championship in June, revenue in the Transactions
segment rose by 14.7 percent to EUR 51.5 million in the first half-year.
As well as HolidayCheck AG, further contributions to this strong first-half
performance came from EliteMedianet GmbH, which operates what it regards as
Germany's biggest online dating agency ElitePartner.de, and from jameda
GmbH, which operates the physician ratings portal jameda.de.
After adjusting for the AdJug Group, the Advertising segment put on an
impressive 18.7 percent to achieve revenue of EUR 12.7 million.
This superb performance was driven in equal measure by Germany's
widest-reaching digital marketing specialist TOMORROW FOCUS Media and the
news portal FOCUS Online.
At EUR 5.8 million, first half-year revenue in the Technologies segment was
unchanged on the figure for 2011.
Although consolidated earnings for the first half of 2012 were below the
level of the previous year as a result of a EUR 4.40 million increase in
internationalisation and marketing costs for the sustainable expansion of
market share at HolidayCheck, the figures were nevertheless within
expectations.
Group earnings before interest, taxes, depreciation and amortisation (Group
EBITDA) for the first half of 2012 were 11.6 percent lower at EUR 7.7
million compared to the previous year's figure of EUR 8.7 million. Group
EBITDA for the second quarter of 2012 stood at EUR 3.5 million, down 11.3
percent from the corresponding figure of EUR 4.0 million in 2011.
At EUR 5.4 million, Group earnings before interest and taxes (Group EBIT)
for the first half of 2012 were down 14.1 percent from the previous year's
figure of EUR 6.3 million. Group EBIT for the second quarter was EUR 2.5
million, a decline of 11.2 percent on the figure of EUR 2.8 million
achieved in the same period of 2011.
Group earnings before taxes (Group EBT) for the first half of 2012 stood at
EUR 2.9 million, 26.7 percent down on the previous year's figure of EUR 4.0
million. At EUR 1.8 million, Group EBT for the second quarter was 15.7
percent down on the 2011 figure of 2.1 million.
Group earnings after taxes for the first half of 2012 were 25.1 percent
lower at EUR 1.9 million compared to EUR 2.5 million recorded in the firsthalf of 2011. The equivalent second-quarter figure stood at EUR 1.5
million, down 4.9 percent from the 2011 figure of EUR 1.6 million.
Group comprehensive income for the first half-year improved from EUR 1.5
million in 2011 to EUR 1.9 million in the current financial year. Group
comprehensive income for the second quarter was unchanged year-on-year at
EUR 1.5 million.
Consolidated earnings per share for the first half of 2012 were EUR 0.04
compared to EUR 0.05 in 2011. The figure for the second quarter was
unchanged on the previous year at EUR 0.03.
The third quarter of 2012 has started well with all three operating
segments experiencing renewed year-on-year growth. From 1 July onwards, it
is expected that results in the Transactions segment will be given a
further boost by the Dutch online travel agent Tjingo and by Webassets
B.V., which has been particularly successful in the Benelux countries with
its Zoover hotel rating portals and the MeteoVista/WeerOnline weather
portals. The Management Board is therefore confident that the Group can
deliver another double-digit increase in revenue from operating activities
in the current financial year, both through organic growth and through
further suitable acquisitions in the areas of Transactions and Advertising,
and that it can therefore maintain the successful record of operating
profit achieved in the previous year.
The German version of the 2012 second-quarter report of the TOMORROW FOCUS
Group will be published on the website at www.tomorrow-focus.de during the
course of the day. The English translation of the report will be available
subsequently.
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 seven hundred, and its business
operations are divided into three segments: Transactions, Advertising and
Technologies.
The Transactions segment includes HOLIDAYCHECK AG, which operates a number
of hotel rating and travel booking portals by the same name; WEBASSETS
B.V., which operates the ZOOVER hotel rating portals and the
METEOVISTA/WEERONLINE weather portals; TOMORROW TRAVEL B.V., which operates
the Dutch online travel agent TJINGO; ELITEMEDIANET GmbH, which operates
the premium online dating agency ELITEPARTNER.de; and JAMEDA GmbH, which
operates the physician recommendations portal JAMEDA.de.
The Advertising segment includes TOMORROW FOCUS MEDIA GmbH, one of the
leading German online marketing providers, which markets numerous
well-known 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 segment 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 and e-commerce solutions.
Media&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
End of Corporate News
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08.08.2012 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,
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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: 549532
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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