DGAP-News: Revenue and EBITDA both up 31 percent at TOMORROW FOCUS AG

DGAP-News: Revenue and EBITDA both up 31 percent at TOMORROW FOCUS AG

DGAP-News: TOMORROW FOCUS AG / Key word(s): Half Year Results
Revenue and EBITDA both up 31 percent at TOMORROW FOCUS AG

08.08.2013 / 07:29


Media release

Revenue and EBITDA both up 31 percent at TOMORROW FOCUS AG

Munich, Germany, 8 August 2013 - At EUR 92.3 million, TOMORROW FOCUS AG
achieved its highest-ever half-year revenue total in the first six months
of 2013. The figure is around 32 percent up on the same period in 2012 and
was accompanied by a substantial improvement in operating profits.

Consolidated revenue for the TOMORROW FOCUS Group in the first half of 2013
showed a year-on-year increase of 31.8 percent from EUR 70.0 million to EUR
92.3 million. At EUR 46.1 million, the second-quarter total was up 36.8
percent compared to the figure of EUR 33.7 million for the same period in

These results were mainly driven by an excellent performance in the
Transactions segment, where revenue for the half-year period grew by 44.7
percent from EUR 51.5 million in 2012 to EUR 74.5 million in 2013.
Compared to the previous year, segment revenue was up 52.1 percent in the
second quarter from EUR 23.8 million to EUR 36.2 million. As required under
IFRS rules, the segment figure includes gross holiday revenue generated by
Ecotour.com's virtual tour operator business. This came to around EUR 8.6
million in the first half of 2013 and EUR 6.1 million in the second
Alongside HolidayCheck AG, EliteMedianet GmbH also made a valuable
contribution to the outstanding revenue growth in this segment.

Revenue in the Advertising segment was down by a small margin of 1.6
percent from EUR 12.7 million in the first half of 2012 to EUR 12.5 million
in the current reporting period. This was due to the loss of marketing
customers. The segment has attracted several new partners such as Apple iAd
and Huffington Post, although some of these new contracts will not commence
until later in the year.
Despite this setback, it is all the more encouraging to note that the
segment's revenue in the second quarter of 2013 was nevertheless up by 1.5
percent on the previous year from EUR 6.7 million to EUR 6.8 million.

Revenue in the Technologies segment for the half-year reporting period was
down by 8.6 percent from EUR 5.8 million in 2012 to EUR 5.3 million. This
was due to a decline in the volume of offsetting transactions.
At EUR 3.0 million, segment revenue in the second quarter of 2013 was
largely unchanged on the previous year.

In order to provide a more accurate comparison between the first half of
2013 and the equivalent period in 2012, the figures have been adjusted to
remove the following one-off non-operating items.
Under IFRS rules, amortisation and depreciation on the assets identified
during purchase price allocation following the corporate takeovers in 2012
came to EUR 0.9 million in the first half of 2013 (first half of 2012: EUR
0.1 million), while the compounding of future put/call obligations amounted
to EUR 1.4 million (first half of 2012: EUR 0.5 million).

Group earnings before interest, taxes, depreciation and amortisation (Group
EBITDA) for the first half of 2013 were 31.2 percent higher at EUR 10.1
million compared to the previous year's figure of EUR 7.7 million.
Group EBITDA for the second quarter of 2013 stood at EUR 5.3 million, up
51.4 percent from the corresponding figure of EUR 3.5 million in 2012.

At EUR 6.9 million, adjusted Group earnings before interest and taxes
(Group EBIT) for the first half of 2013 rose by 27.8 percent compared to
the previous year's figure of EUR 5.4 million.
Adjusted Group EBIT for the second quarter was EUR 4.0 million, an increase
of 60.0 percent on the figure of EUR 2.5 million achieved in the same
period of 2012.

Adjusted Group earnings before taxes (Group EBT) for the first half of 2013
stood at EUR 4.8 million, 37.1 percent up on the previous year's figure of
EUR 3.5 million.
At EUR 3.7 million, Group EBT for the second quarter was 76.2 percent up on
the 2012 figure of 2.1 million.

Adjusted Group earnings after taxes for the first half of 2013 were 36.0
percent higher at EUR 3.4 million compared to EUR 2.5 million recorded in
the first half of 2012.
The second-quarter figure stood at EUR 3.2 million, up 77.8 percent from
the equivalent 2012 figure of EUR 1.8 million.

Adjusted consolidated earnings per share for the first half of 2013 were up
50.0 percent at EUR 0.06 compared to EUR 0.04 in the first half of 2012.
The unadjusted figure for the 2013 half-year period was EUR 0.02 compared
to EUR 0.03 in the first six months of 2012.
Adjusted consolidated earnings per share for the second quarter rose by
66.7 percent from EUR 0.03 in 2012 to EUR 0.05 in the current financial
year. The unadjusted second-quarter figure was unchanged on the previous
year at EUR 0.03.

Over recent years, the TOMORROW FOCUS Group has established a number of
valuable and sustainable Internet-based business models. Accordingly, the
Management Board is very confident that the Group can maintain the same
pattern of growth in the second half of financial 2013, when its latest
acquisitions Ecotour, NetMoms, Tjingo and Zoover will also contribute to
results. The overall aim is to achieve a double-digit percentage increase
in the Group's revenue and EBITDA.

Furthermore, the Group is exploring the potential for acquiring additional
Internet-based companies that would complement its existing structure,
especially in the areas of travel and advertising.

The German-language version of the interim financial statements of the
TOMORROW FOCUS Group for the first half of 2013 will be published later
today on the website at www.tomorrow-focus.de. Publication of the
translation in English will follow soon after.

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 750, 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 reviews and travel booking portals by the same name; WEBASSETS
B.V., which operates the ZOOVER hotel reviews portals and the
METEOVISTA/WEERONLINE weather portals; TOMORROW TRAVEL B.V., which operates
the Dutch online travel agent TJINGO; RPC VOYAGES SAS, which operates the
French online travel agent ECOTOUR; ELITEMEDIANET GmbH, which operates the
premium online dating agency ELITEPARTNER; and JAMEDA GmbH, which operates
the physician ratings 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, the finance and stock market portal FINANZEN100 and the
parent portal NETMOMS.
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 and Investor Relations contact: 
Armin Blohmann
Neumarkter Strasse 61
81673 München

phone +49 (0)89 9250 1256
fax      +49 (0)89 9250 2403
email  a.blohmann@tomorrow-focus.de 

End of Corporate News


08.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                
Company:     TOMORROW FOCUS AG                                      
             Neumarkter Str. 61                                     
             81673 München                                          
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  
224809 08.08.2013                                                      
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