Financial 2012 brings further strong growth at TOMORROW FOCUS AG with consolidated earnings up 31 percent

TOMORROW FOCUS AG can look back on a successful financial year in 2012 having set new records for both revenue and earnings.

The consolidated revenue of the TOMORROW FOCUS Group for the financial year 2012 showed a year-on-year increase of 9.7 percent from EUR 135.9 million to EUR 149.1 million. Adjusted for the AdJug Group, which was sold in August 2011, this year’s revenue represents a 16.2 percent rise on the figure for 2011 (EUR 128.3 million).

The increase was largely driven by results in the Group’s Transactions segment, with revenue up EUR 19.2 million on the previous year at EUR 109.3 million. Both HolidayCheck AG and EliteMedianet GmbH contributed to an impressive segment performance. Between them, RPC Voyages SAS, Tomorrow Travel B.V. und Webassets B.V., all of which were consolidated within the Transactions segment for the first time in 2012, generated revenue of EUR 10.5 million towards the Group and segment totals.

After adjusting for the AdJug group, revenue in the Advertising segment was EUR 2.3 million or 9 percent higher at EUR 27.3 million. The segment’s creditable performance is attributable in equal measure to TOMORROW FOCUS Media GmbH and Finanzen100 GmbH.

In the Technologies segment, revenue fell slightly by EUR 0.7 million to EUR 12.5 million. This was largely caused by the postponement of orders to the financial year 2013.

Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) rose by 31.3 percent to EUR 28.1 million in the financial year 2012 from EUR 21.4 million in the previous year.

Group earnings before interest and taxes (Group EBIT) stood at EUR 20.0 million for the financial year 2012 compared to EUR 16.8 million in the previous year. This is equivalent to a rise of 18.8 percent.

Group earnings before taxes (Group EBT) for the financial year 2012 were 19.8 percent higher at EUR 15.7 million compared to EUR 13.1 million in 2011.

Group earnings after taxes for the financial year 2012 were EUR 14.7 million, up 30.1 percent on the previous year’s figure of EUR 11.2 million.

Consolidated earnings per share for the financial year 2012 were EUR 0.28, up from the figure of EUR 0.21 in the previous year.

The Group’s earnings figures for the financial year 2012 contain various non-recurring items as outlined below.

The takeovers of RPC Voyages SAS, Webassets B.V. and Tomorrow Travel B.V. gave rise to amortisation and depreciation totalling EUR 1.0 million (in respect of the assets identified when allocating the purchase price) and to compounding of EUR 0.9 million in respect of liabilities for put options.

Following the sale of TOMORROW FOCUS AG’s 20 percent minority shareholding in AdJug Ltd on 31 August 2012, the Group realised a loss on disposal of EUR 2.0 million with no impact on cash flow.

In addition, the goodwill figure for Tomorrow Travel B.V. was partly written down by EUR 1.2 million owing to a change in strategy for the Dutch travel market. This was offset by a EUR 3.5 million boost to earnings with no impact on cash flow as a result of the earlier than anticipated acquisition of the remaining shares in the company.