Munich, Germany, 14 November 2011 – TOMORROW FOCUS AG recorded further strong growth in the first three quarters of 2011. According to the definitive results, both consolidated revenue and the key figures for Group earnings were well up on the same period in 2010.
After adjustments to exclude revenue from Playboy Deutschland Publishing GmbH (sold on 1 November 2010) as well as August and September 2010 revenue from the AdJug Group (partially sold on 1 August 2011), the TOMORROW FOCUS Group’s consolidated revenue for the first nine months of 2011 stood at EUR 102.3 million, up 22.9 percent on the previous year’s figure of EUR 83.3 million. If revenue from Playboy and AdJug are included, the Group still achieved a year-on-year increase of 8.8 percent, from EUR 94.0 million to EUR 102.3 million.
The increase in revenue in the first three quarters of the current year was achieved thanks to positive results in all three of the Group’s operating segments.
In comparison with the first nine months of the previous year, revenue in the Advertising segment was 26,7 percent higher at EUR 24.1 million, largely on account of a strong performance from the online marketing specialist TOMORROW FOCUS Media.
In the Technologies segment, revenue for the first nine months stood at EUR 9.1 million, a rise of 27.1 percent on the same period in 2010. The main driver here was the full-service agency Cellular, whose results were boosted by continued healthy demand for mobile applications.
Revenue in the Transactions segment (adjusted for Playboy revenue) was up 21.1 percent at EUR 69.1 million.
Once again, there was a pleasing performance from HolidayCheck AG, which benefited from the ongoing trend towards online booking for package holidays.
Furthermore in this segment, there are signs that increased investment in the internationalisation of HolidayCheck is beginning to pay off. The Polish-language site at HolidayCheck.pl showed clear double-digit growth over the first nine months compared to the same period in 2010, with the result that in summer it advanced to the position of Poland’s biggest online travel portal.
EliteMedianet GmbH, which operates the online dating agency ElitePartner.de, achieved a modest increase in revenue over the first three quarters of 2011 despite intense competition. According to the company’s view, this has helped to strengthen ElitePartner’s leading market position among the premium dating agencies in Germany.
The key earnings figures given below for the first three quarters of 2010 and the third quarter of 2010 have been adjusted to exclude the contribution to revenue from Playboy Deutschland Publishing GmbH, which was sold on 1 November 2010. In addition, as TOMORROW FOCUS AG is no longer a majority shareholder of the AdJug Group after selling its majority shareholding in the company on 1 August 2011, the latter’s August and September 2010 contributions to consolidated earnings have been calculated at equity to ensure comparability.
At EUR 13.9 million, Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) for the first nine months of 2011 showed an improvement on the previous year’s adjusted figure of EUR 11.5 million to end the period up 20.5 percent.
Group earnings before interest and taxes (Group EBIT) for the first nine months of 2011 recorded a year-on-year increase of 37.2 percent from EUR 7.5 million (adjusted) in 2010 to EUR 10.4 million.
Group earnings before taxes (Group EBT) for the first nine months of 2011 stood at EUR 7.4 million, up 43.3 percent on the previous year’s adjusted figure of EUR 5.2 million.
Group earnings after taxes for the first nine months rose by 76.1 percent from EUR 3.2 million (adjusted) in the previous year to EUR 5.7 million in 2011.
Consolidated earnings per share for the first nine months of 2011 were 37.5 percent higher at EUR 0.11 compared to EUR 0.08 for the same period of 2010.
The Management Board expects that the positive results of the first nine months will be maintained in the fourth quarter.
The German version of the interim report of the TOMORROW FOCUS Group for the third quarter of 2011 will be published on the website at www.tomorrow-focus.de on 14 November 2011. The English version will follow by the end of the month.
About TOMORROW FOCUS AG
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 six hundred, and its 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 physician recommendations portal.
The Advertising division includes TOMORROW FOCUS Media, one of the leading German online marketing providers, which markets a number of 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 and the stock market portal FINANZEN100. The Technologies division 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 solutions.