DGAP-News: TOMORROW FOCUS AG achieves substantial increase in revenue and earnings over first nine months of 2011 - adjusted revenue up 23 percent and EBIT up 37 percent
(firmenpresse) - DGAP-News: TOMORROW FOCUS AG / Key word(s): Quarter Results
TOMORROW FOCUS AG achieves substantial increase in revenue and
earnings over first nine months of 2011 - adjusted revenue up 23
percent and EBIT up 37 percent
14.11.2011 / 08:52
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MEDIA RELEASE
TOMORROW FOCUS AG achieves substantial increase in revenue and earnings
over first nine months of 2011 - adjusted revenue up 23 percent and EBIT up
37 percent
Munich, Germany, 14 November 2011 - TOMORROW FOCUS AG recorded further
strong growth in the first three quarters of 2011. According to the
definitive results, both consolidated revenue and the key figures for Group
earnings were well up on the same period in 2010.
After adjustments to exclude revenue from Playboy Deutschland Publishing
GmbH (sold on 1 November 2010) as well as August and September 2010 revenue
from the AdJug Group (partially sold on 1 August 2011), the TOMORROW FOCUS
Group's consolidated revenue for the first nine months of 2011 stood at EUR
102.3 million, up 22.9 percent on the previous year's figure of EUR 83.3
million. If revenue from Playboy and AdJug are included, the Group still
achieved a year-on-year increase of 8.8 percent, from EUR 94.0 million to
EUR 102.3 million.
The increase in revenue in the first three quarters of the current year was
achieved thanks to positive results in all three of the Group's operating
segments.
In comparison with the first nine months of the previous year, revenue in
the Advertising segment was 26,7 percent higher at EUR 24.1 million,
largely on account of a strong performance from the online marketing
specialist TOMORROW FOCUS Media.
In the Technologies segment, revenue for the first nine months stood at EUR
9.1 million, a rise of 27.1 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 (adjusted for Playboy revenue) was up
21.1 percent at EUR 69.1 million.
Once again, there was a pleasing performance from HolidayCheck AG, which
benefited from the ongoing trend towards online booking for package
holidays.
Furthermore in this segment, there are signs that increased investment in
the internationalisation of HolidayCheck is beginning to pay off. The
Polish-language site at HolidayCheck.pl showed clear double-digit growth
over the first nine months compared to the same period in 2010, with the
result that in summer it advanced to the position of Poland's biggest
online travel portal.
EliteMedianet GmbH, which operates the online dating agency
ElitePartner.de, achieved a modest increase in revenue over the first three
quarters of 2011 despite intense competition. According to the company's
view, this has helped to strengthen ElitePartner's leading market position
among the premium dating agencies in Germany.
The key earnings figures given below for the first three quarters of 2010
and the third quarter of 2010 have been adjusted to exclude the
contribution to revenue from Playboy Deutschland Publishing GmbH, which was
sold on 1 November 2010. In addition, as TOMORROW FOCUS AG is no longer a
majority shareholder of the AdJug Group after selling its majority
shareholding in the company on1 August 2011, the latter's August and
September 2010 contributions to consolidated earnings have been calculated
at equity to ensure comparability.
At EUR 13.9 million, Group earnings before interest, taxes, depreciation
and amortisation (Group EBITDA) for the first nine months of 2011 showed an
improvement on the previous year's adjusted figure of EUR 11.5 million to
end the period up 20.5 percent.
Group earnings before interest and taxes (Group EBIT) for the first nine
months of 2011 recorded a year-on-year increase of 37.2 percent from EUR
7.5 million (adjusted) in 2010 to EUR 10.4 million.
Group earnings before taxes (Group EBT) for the first nine months of 2011
stood at EUR 7.4 million, up 43.3 percent on the previous year's adjusted
figure of EUR 5.2 million.
Group earnings after taxes for the first nine months rose by 76.1 percent
from EUR 3.2 million (adjusted) in the previous year to EUR 5.7 million in
2011.
Consolidated earnings per share for the first nine months of 2011 were 37.5
percent higher at EUR 0.11 compared to EUR 0.08 for the same period of
2010.
The Management Board expects that the positive results of the first nine
months will be maintained in the fourth quarter.
The German version of the interim report of the TOMORROW FOCUS Group for
the third quarter of 2011 will be published on the website at
www.tomorrow-focus.de on 14 November 2011. The English version will follow
by the end of the month.
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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14.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: DE0005495329WKN: 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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Datum: 14.11.2011 - 08:52 Uhr
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