DGAP-News: TOMORROW FOCUS AG reports substantial increase in revenue and earnings for first half of 2011 - adjusted revenue up 27 percent, EBIT up 60 percent
(firmenpresse) - DGAP-News: TOMORROW FOCUS AG / Key word(s): Half Year Results
TOMORROW FOCUS AG reports substantial increase in revenue and earnings
for first half of 2011 - adjusted revenue up 27 percent, EBIT up 60
percent
04.08.2011 / 08:47
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MEDIA RELEASE
TOMORROW FOCUS AG reports substantial increase in revenue and earnings for
first half of 2011 - adjusted revenue up 27 percent, EBIT up 60 percent
Munich, Germany, 4 August 2011 - TOMORROW FOCUS AG recorded further strong
growth in the first half of 2011. According to the final results, both
consolidated revenue and the key figures for Group earnings were well up on
the same period in 2010.
After an adjustment to exclude revenue from Playboy Deutschland Publishing
GmbH, which was sold on 1 November 2010, the TOMORROW FOCUS Group's
consolidated revenue for the first half of 2011 stood at EUR 68.0 million,
up 27.0 percent on the previous year's figure of EUR 53.6 million. If
revenue from Playboy is included, the Group still achieved a year-on-year
increase of 15.0 percent, from EUR 59.2 million to EUR 68.0 million.
The increase in revenue in the first half of the year was achieved thanks
to positive results in all three of the Group's operating segments.
In comparison with the same period in the previous year, revenue in the
Advertising segment was 27.3 percent higher at EUR 17.3 million, largely on
account of strong performances from the online marketing specialist
TOMORROW FOCUS Media, the news and utility journalism portal FOCUS Online
and the online advertising marketplace AdJug Ltd.
In the Technologies segment, revenue for the first half-year stood at EUR
5.9 million, a rise of 39.1 percent on the same period in 2010. The main
driver here was the full-service agency Cellular, whose results were
boosted by continued healthy demand for mobile applications.
Revenue in the Transactions segment (excluding Playboy) was up 25.4 percent
at EUR 44.9 million. Once again, the top performer here was HolidayCheck
AG, which benefited from the ongoing trend towards online booking for
package holidays.
In the first half-year, TOMORROW FOCUS AG increased its spendings on the
internationalisation of HolidayCheck by EUR 1.2 million, and there are
clear signs that this investment is beginning to pay off. Visits to the
Polish-language site at HolidayCheck.pl showed a year-on-year rise of 75
percent over the period, making it already Poland's second biggest travel
portal. At the same time, visits to the French-language portal at
HolidayCheck.fr were up by over 200 percent. Both sites delivered an
above-average increase in booking levels albeit from a relatively low base.
EliteMedianet GmbH, which operates the online dating agency
ElitePartner.de, achieved a modest increase in revenue over the first
half-year of 2011 despite intense competition. According to the company,
ElitePartner further strengthened its leading market position among the
premium dating agencies.
At EUR 8.7 million, Group earnings before interest, taxes, depreciation and
amortisation (Group EBITDA) for the first half of 2011 showed an
improvement on the previous year's adjusted figure of EUR 6.6 million to
end the period up 32.1 percent.
Group earnings before interest and taxes (Group EBIT) for the first half of
2011 recorded a year-on-year increase of 60.7 percent from EUR 3.9 million
(adjusted) in 2010 to EUR 6.3 million.
Group earnings before taxes (Group EBT) for the first half of 2011 stood at
EUR 4.0 million, up 92.6 percent on the previous year's adjusted figure of
EUR 2.1 million.
Group earnings after taxes for the first six months rose by 224.0 percent
from EUR 0.8 million (adjusted) in the previous year to EUR 2.5 million in
2011.
Consolidated earnings per share for the first half of 2011 were 66.7
percent higher at EUR 0.05 compared to EUR 0.03 for the same period of
2010.
The Management Board is confident that the positive results of the first
six months will be maintained as the year continues.
The German version of the interim report of the TOMORROW FOCUS Group for
the first half of 2011 will be published on the website at
www.tomorrow-focus.de during the course of 12 August 2011. The
English-language version will follow shortly.
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 holiday/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 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&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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04.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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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134411 04.08.2011
Datum: 04.08.2011 - 08:47 Uhr
Sprache: Deutsch
News-ID 41813
Anzahl Zeichen: 0
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Kategorie:
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