DGAP-News: TOMORROW FOCUS AG achieves further growth in revenue and earnings
(firmenpresse) - TOMORROW FOCUS AG / Final Results
24.03.2010 10:39
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TOMORROW FOCUS AG achieves further growth in revenue and earnings
in 2009 despite global financial crisis
Munich, 24 March 2010 - TOMORROW FOCUS AG, one of Germany's foremost
exchange-listed internet media groups, maintained its established track
record of growth in 2009, a year dominated by the global financial crisis.
According to the definitive figures, consolidated revenue reached its
highest-ever level in the company's ten-year history at EUR 92.2 million.
The operating result also showed an improvement, both at Group and segment
level, despite substantial charges against income totalling EUR 1 million
in connection with the restructuring of corporate divisions and the
purchase of AdJug Ltd.
Total consolidated revenue for the TOMORROW FOCUS Group in the financial
year 2009 was up 19.5 percent on the previous year from EUR 77.1 million to
EUR 92.2 million. The key factors here were significant increases in
revenue in the E-Commerce and Technologies segments and moderate revenue
growth in the Portal segment. Revenue in the E-Commerce segment was 26.2
percent higher at EUR 64.5 million, while that of the Technologies segment
climbed 17.8 percent to reach EUR 7.9 million. The Portal segment achieved
a 2.4 percent increase in revenue to end the year on EUR 19.8 million.
Group earnings before interest, taxes, depreciation and amortisation (Group
EBITDA) stood at EUR 12.6 million, equivalent to a rise of 32.1 percent on
the figure of EUR 9.6 million for 2008.
At EUR 8.9 million, Group earnings before interest and taxes (Group EBIT)
also showed a marked improvement on the previous year's figure of EUR 5.7
million to end the year up 55.9 percent.
Group earnings before taxes (Group EBT) rose by a substantial 53.4 percent
from the 2008 level of EUR 3.0 million to reach EUR 4.7 million in the
financial year 2009.
At EUR 2.1 million, consolidated net income (loss) for the year before
minority interest recorded a slight decline of 8 percent on the
corresponding figure of EUR 2.3 million for 2008.
By contrast, consolidated net income (loss) for the year after minority
interest showed a year-on-year increase of 19.2 percent from EUR 2.3
million to EUR 2.9 million.
Total Group net income (loss) was also up at EUR 2.4 million, compared to
EUR 2.3 million in 2008. This is equivalent to a rise of 4.1 percent.
Consolidated earnings per share rose 20 percent from EUR 0.05 in 2008 to
EUR 0.06 for the financial year 2009.
Taking into account the charges against earnings referred to above,
adjusted consolidated earnings per share were as much as 60 percent higher
at EUR 0.08.
The Group's operating segments were also able to boost their operating
results. EBITDA in the E-Commerce segment was up EUR 2.3 million at EUR
17.2 million, and there were corresponding increases in both the Portal
segment, where EBITDA rose by EUR 1.3 million to minus EUR 1.1 million, and
the Technologies segment, which put on EUR 0.1 million to reach EUR 1.7
million.
In the view of the Management Board, the pleasing increases in revenue and
earnings achieved in 2009 suggest the Group will be able to continue its
established pattern of growth in 2010.
---end of corporate news---
About TOMORROW FOCUS AG:
TOMORROW FOCUS AG (ISIN DE0005495329) is based in Munich, Germany, and is
an independent and broadly based internet media group. The company's shares
are publicly traded on the stock exchange. The main shareholder is Hubert
Burda Media GmbH&Co. KG,
The Group's business operations are divided into the three divisions
E-Commerce, Digital Marketing and Technologies.
The E-Commerce division includes HOLIDAYCHECK, the hotel rating and
holiday/travel booking portal of Tomorrow Focus; ELITEPARTNER, a premium
online dating portal; and PLAYBOY, the leading men's lifestyle magazine in
Germany.
The Digital Marketing division includes TOMORROW FOCUS SALES, which has
established itself as one of the leading German online marketing providers,
marketing not only partner portals such as CHIP Online, FAZ.NET,
GUTEFRAGE.NET and MEINESTADT.DE, but also the Group's own internet portals
such as FOCUS Online, FINANZEN100, JAMEDA and NACHRICHTEN.DE. In December
2009, the Digital Marketing division was strengthened by the addition of
ADJUG LTD., an online marketing provider for surplus advertising space with
two online market places in the UK and Germany.
Within the Technologies division, TOMORROW FOCUS TECHNOLOGIES GmbH and
CELLULAR GmbH provide comprehensive services for the stationary and mobile
internet.
Media and investor relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Steinhauser Strasse 1+3
81677 Munich
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
Photographic material and logos can be found on the website under the
heading PRESS / Press Material at www.tomorrow-focus.de (select English
Version)
24.03.2010 10:39 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: TOMORROW FOCUS AG
Steinhauserstr. 1-3
81677 München
Deutschland
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, Hannover, München, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 24.03.2010 - 10:39 Uhr
Sprache: Deutsch
News-ID 17950
Anzahl Zeichen: 0
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Kategorie:
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