HolidayCheck Group AG
TOMORROW FOCUS AG reports substantial increases in revenue
TOMORROW FOCUS AG / Key word(s): Final Results MEDIA RELEASE TOMORROW FOCUS AG reports substantial increases in revenue Munich (Germany), 30 March 2012 – TOMORROW FOCUS AG grew by a considerable margin in the financial year 2011. According to the final figures, both consolidated revenue and the key earnings results were well above the levels achieved in the previous year. The growth in revenue achieved in the financial year of 2011 was due to positive results in all three of the Group’s operating segments. After adjusting for the contribution of the AdJug Group, revenue in the Advertising segment for financial year 2011 was 20.2 percent higher at EUR 25.0 million, largely on account of strong performances from the online marketing specialist TOMORROW FOCUS Media and the news portal FOCUS Online. Both these companies helped to deliver a major turnaround in the segment’s earnings. In the Technologies segment, revenue for 2011 stood at EUR 13.2 million, a rise of 22.5 percent on the previous year. The two companies of the segment contributed to the improvement: the results of Cellular GmbH were again boosted by continued healthy demand for mobile applications and TFT GmbH established a firm position in the e-commerce market. After adjusting for the contribution made by Playboy Deutschland Publishing GmbH, revenue in the Transactions segment was up 19.5 percent at EUR 90.1 million. For reasons of comparability, the 2010 earnings results given below have been adjusted to exclude non-recurring income of EUR 5.8 million from the sale of Playboy Deutschland Publishing GmbH and one-off amortisation of EUR 2.5 million (charged against earnings) on software produced and capitalised by the company. At EUR 21.4 million, Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) for the financial year of 2011 showed an improvement on the previous year’s adjusted figure of EUR 18.2 million to end the year up 17.6 percent. Group earnings before interest and taxes (Group EBIT) for 2011 recorded a year-on-year increase of 33.3 percent from EUR 12.6 million (adjusted) in 2010 to EUR 16.8 million. Group earnings before taxes (Group EBT) for 2011 stood at EUR 13.1 million, up 33.7 percent on the previous year’s adjusted figure of EUR 9.8 million. Group earnings after taxes rose by 55.6 percent from EUR 7.2 million (adjusted) in the previous year to EUR 11.2 million in 2011. The Management Board intends to propose a dividend of EUR 0.06 (2010: EUR 0.05) to the Supervisory Board and the shareholders at the annual general meeting. The financial year 2012 has started well with all three operating segments experiencing renewed growth. The Management Board is therefore confident that the Group can deliver another significant boost to its results in the coming year. The German version of the annual report of the TOMORROW FOCUS Group for the financial year 2011 will be published on the website at www.tomorrow-focus.de during the day, the translation of the report in English will follow soon after. 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. Media and Investor Relations contact: phone: +49 (0)89 9250-1256 Photo material and logos can be found in our media newsroom at End of Corporate News 30.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | TOMORROW FOCUS AG | |
Neumarkter Str. 61 | ||
81673 München | ||
Germany | ||
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 |
163050 30.03.2012 |