TOMORROW FOCUS AG first-half revenue up 14 percent

Munich (Germany), 8 August 2012 – Following a year of strong growth in 2011, TOMORROW FOCUS AG has kept up the pace in 2012 with the highest half-year revenue figure in its entire history.

After adjusting for the AdJug Group (since 1 August 2011 TOMORROW FOCUS AG is no longer the majority shareholder), the Group’s consolidated revenue in the first half of 2012 showed a year-on-year increase of 14.0 percent from EUR 61.5 million to EUR 70.0 million. Even if revenue from the AdJug Group is included, the increase from EUR 68 million to EUR 70 million is still equivalent to 3 percent.

Again adjusting for the AdJug Group, consolidated revenue for the second quarter of 2012 rose by 11.6 percent from EUR 30.1 million to EUR 33.7 million.

This was mainly achieved thanks to positive results in the Group’s two biggest segments, Transactions and Advertising.

Despite an expected lull in travel bookings by HolidayCheck users during the European Football Championship in June, revenue in the Transactions segment rose by 14.7 percent to EUR 51.5 million in the first half-year.

As well as HolidayCheck AG, further contributions to this strong first-half performance came from EliteMedianet GmbH, which operates the online dating agency, and from jameda GmbH, which operates the physician ratings portal

After adjusting for the AdJug Group, the Advertising segment put on an impressive 18.7 percent to achieve revenue of EUR 12.7 million.

This superb performance was driven in equal measure by Germany’s widest-reaching digital marketing specialist TOMORROW FOCUS Media and the news portal FOCUS Online.

At EUR 5.8 million, first half-year revenue in the Technologies segment was unchanged on the figure for 2011.

Although consolidated earnings for the first half of 2012 were below the level of the previous year as a result of a EUR 4.40 million increase in internationalisation and marketing costs for the sustainable expansion of market share at HolidayCheck, the figures were nevertheless within expectations.

Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) for the first half of 2012 were 11.6 percent lower at EUR 7.7 million compared to the previous year’s figure of EUR 8.7 million. Group EBITDA for the second quarter of 2012 stood at EUR 3.5 million, down 11.3 percent from the corresponding figure of EUR 4.0 million in 2011.

At EUR 5.4 million, Group earnings before interest and taxes (Group EBIT) for the first half of 2012 were down 14.1 percent from the previous year’s figure of EUR 6.3 million. Group EBIT for the second quarter was EUR 2.5 million, a decline of 11.2 percent on the figure of EUR 2.8 million achieved in the same period of 2011.

Group earnings before taxes (Group EBT) for the first half of 2012 stood at EUR 2.9 million, 26.7 percent down on the previous year’s figure of EUR 4.0 million. At EUR 1.8 million, Group EBT for the second quarter was 15.7 percent down on the 2011 figure of 2.1 million.

Group earnings after taxes for the first half of 2012 were 25.1 percent lower at EUR 1.9 million compared to EUR 2.5 million recorded in the first half of 2011. The equivalent second-quarter figure stood at EUR 1.5 million, down 4.9 percent from the 2011 figure of EUR 1.6 million.

Group comprehensive income for the first half-year improved from EUR 1.5 million in 2011 to EUR 1.9 million in the current financial year. Group comprehensive income for the second quarter was unchanged year-on-year at EUR 1.5 million.

Consolidated earnings per share for the first half of 2012 were EUR 0.04 compared to EUR 0.05 in 2011. The figure for the second quarter was unchanged on the previous year at EUR 0.03.

The third quarter of 2012 has started well with all three operating segments experiencing renewed year-on-year growth. From 1 July onwards, it is expected that results in the Transactions segment will be given a further boost by the Dutch online travel agent Tjingo and by Webassets B.V., which has been particularly successful in the Benelux countries with its Zoover hotel rating portals and the MeteoVista/WeerOnline weather portals. The Management Board is therefore confident that the Group can deliver another double-digit increase in revenue from operating activities in the current financial year, both through organic growth and through further suitable acquisitions in the areas of Transactions and Advertising, and that it can therefore maintain the successful record of operating profit achieved in the previous year.

The German version of the 2012 second-quarter report of the TOMORROW FOCUS Group will be published on the website at during the course of the day. The English translation of the report will be available subsequently.