Munich, Germany, 17 March 2011 – TOMORROW FOCUS AG’s results for the financial year 2010 are the best in the company’s history.
According to the provisional figures, consolidated revenue for the TOMORROW FOCUS Group in the financial year 2010 stood at EUR 128.2 million, 39.1 percent up on the previous year’s total of EUR 92.2 million.
This was largely achieved due to substantial revenue growth in all three of the company’s business segments. Revenue in the Transactions segment ended the year 32.5 percent higher at EUR 85.5 million, while the Advertising segment put on 61.6 percent to reach EUR 31.9 million. To complete the picture, revenue in the Technologies segment rose by 36.6 percent to EUR 10.8 million.
At EUR 24.0 million, Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) for the financial year 2010 showed a marked improvement on the previous year’s figure of EUR 12.6 million to end the year up 89.6 percent.
Group earnings before interest and taxes (Group EBIT) for the financial year 2010 recorded a year-on-year increase of 78.5 percent from EUR 8.9 million in 2009 to EUR 15.9 million.
Group earnings before taxes (Group EBT) for the financial year 2010 stood at EUR 13.1 million, up 181.4 percent on the previous year’s figure of EUR 4.7 million.
Group earnings after taxes rose 404.0 percent from EUR 2.1 million in 2009 to EUR 10.6 million in the financial year 2010.
Consolidated earnings per share for the financial year 2010 were 340 percent higher at EUR 0.22 compared to EUR 0.05 in 2009.
The earnings figures given above reflect a number of extraordinary, non-recurring items. These include a one-off amortisation charge of EUR 2.5 million in respect of software produced by the company and capitalised as well as non-recurring Group income of EUR 5.8 million from the sale of TOMORROW FOCUS AG’s stake in Playboy Deutschland Publishing GmbH. If the results are adjusted to exclude these non-recurring items, the figure for consolidated earnings per share in the financial year 2010 would be EUR 0.16 compared to EUR 0.05 in the previous year.
The current financial year has started well. Both the Transactions segment and the Advertising segment are growing rapidly. The Management Board is therefore confident that the Group can continue its growth in 2011.