DGAP-News: TOMORROW FOCUS AG / Key word(s): Quarter Results
TOMORROW FOCUS AG reports substantial increase in revenue and earnings
for first quarter of 2011 - adjusted revenue up 31.3 percent, Group
EBIT tripled
13.05.2011 / 09:00
---------------------------------------------------------------------
MEDIA RELEASE
TOMORROW FOCUS AG reports substantial increase in revenue and earnings for
first quarter of 2011 - adjusted revenue up 31.3 percent, Group EBIT
tripled
Munich, Germany, 13 May 2011 - TOMORROW FOCUS AG has made a successful
start to the financial year 2011. According to the definitive results for
the first quarter, 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 quarter of 2011 stood at EUR 34.4
million, up 31.3 percent on the previous year's figure of EUR 26.2 million.
If revenue from Playboy is included, the Group still achieved a
year-on-year increase of 19.9 percent, from EUR 28.7 million to EUR 34.4
million.
This positive development was achieved thanks to significant growth in all
three of the Group's business segments.
In comparison with the same quarter of the previous year, revenue in the
Advertising segment ended the quarter 40.6 percent higher at EUR 8.2
million, largely on account of strong performances from TOMORROW FOCUS
Media, Germany's biggest online marketing specialist in terms of reach, and
the online advertising marketplace Adjug.
Revenue in the Transactions segment was up 12.8 percent; excluding revenue
from Playboy, the figure for this segment stood at EUR 23.7 million,
equivalent to a rise of 28.7 percent. The top performer here was
HolidayCheck AG, which increased its market share in the first quarter of
2011 and benefited from the ongoing trend towards online booking for
package holidays.
In the Technologies segment, first-quarter revenue stood at EUR 2.5
million, a rise of 35.1 percent on the same period in 2010. The main driver
here was the mobile services provider Cellular, whose results were boosted
by continued healthy demand for mobile applications.
At EUR 4.72 million, Group earnings before interest, taxes, depreciation
and amortisation (Group EBITDA) for the first quarter of 2011 showed an
improvement on the previous year's figure of EUR 2.35 million to end the
period up 100,7 percent.
Group earnings before interest and taxes (Group EBIT) for the first quarter
of 2011 recorded a year-on-year increase of 215.8 percent from EUR 1.1
million in 2010 to EUR 3.5 million.
Group earnings before taxes (Group EBT) for the first quarter of 2011 stood
at EUR 1.8 million compared to the previous year's figure of minus EUR 0.1
million.
Group earnings after taxes for the first quarter rose from minus EUR 1.0
million in the previous year to EUR 1.0 million in 2011.
Consolidated earnings per share for the first quarter of 2011 were EUR 0.02
compared to minus EUR 0.01 in 2010.
The Management Board is confident that the positive results of the first
quarter will be maintained throughout 2011.
The German version of the interim report of the TOMORROW FOCUS Group will
be published at www.tomorrow-focus.de during the course of today. The
English-language version will follow shortly.
About TOMORROW FOCUS AG:
TOMORROW FOCUS AG (ISIN DE0005495329) is based in Munich, Germany, and is
one of the leading exchange-listed Internet groups in Germany.
The Group's 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 physicians rating portal.
The Advertising division includes TOMORROW FOCUS Media, 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, and
JAMEDA. ADJUG LTD. is an online marketing provider for surplus advertising
space with two online market places in the UK and Germany. The company is
part of the Advertising division.
Within the Technologies division, TFT and CELLULAR provide comprehensive
services for the stationary and mobile Internet.
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@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
---------------------------------------------------------------------
13.05.2011 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
---------------------------------------------------------------------
Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Deutschland
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann@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
---------------------------------------------------------------------
124558 13.05.2011
DGAP-News: TOMORROW FOCUS AG reports substantial increase in revenue and earnings for first quarter of 2011 - adjusted revenue up 31.3 percent, Group EBIT tripled
| Source: EQS Group AG