TOMORROW FOCUS AG boosts revenue by 45 percent to EUR 59.2 million in the first half of 2010 - earnings also significantly higher in a year-on-year comparison

TOMORROW FOCUS AG / Half Year Results

30.07.2010 09:44

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TOMORROW FOCUS AG boosts revenue by 45 percent to EUR 59.2 million in the
first half of 2010 - earnings also significantly higher in a year-on-year
comparison

Munich, Germany, 30 July 2010 - TOMORROW FOCUS AG, one of Germany's
foremost listed internet groups, once again maintained its established
track record of growth in the first half of 2010.

According to the final figures, TOMORROW FOCUS has achieved by far the best
half-year revenue in its history.
In detail, consolidated revenue for the first half of 2010 was up by 44.9
percent year-on-year, from EUR 40.8 million to EUR 59.2 million. Revenue
for the second quarter of 2010 showed a year-on-year increase of 45.3
percent from EUR 21.0 million to EUR 30.5 million.

This can be attributed to a marked growth in revenue in all three segments.

The half-year revenue in the E-Commerce segment grew by 40.5 percent to EUR
41.4 million. This was largely due to clear double-digit revenue growth in
the case of HolidayCheck and ElitePartner.
Revenue in the Portal segment grew by 59.8 percent to EUR 13.6 million. The
increase can mainly be explained by an improvement in business with
external marketing customers in the field of premium marketing. Another
factor to consider is that AdJug Ltd had not yet been consolidated in same
period in 2009.
Revenue was up in the Technologies segment thanks to the most pleasing
development of the business of the mobile service provider, Cellular, which
saw a growth of 45.5 percent to EUR 4.2 million.

There was also an improvement in all other consolidated earnings - despite
the burdens caused by investments in further corporate growth.

Group earnings before interest, taxes, depreciation and amortisation (Group
EBITDA) for the first half of 2010 was up by 21.8 percent to EUR 7.0
million, in comparison with EUR 5.8 million in the same period of the
previous year. Group EBITDA for the second quarter of 2010 thus rose to EUR
4.7 million from EUR 3.9 million in the same quarter of the previous year
(up by 20.8 percent).

Group earnings before interest and taxes (Group EBIT) for the first half of
2010 grew to EUR 4.3 million from EUR 4.0 million in a year-on-year
comparison (up by 9.1 percent). Group EBIT in the second quarter of 2010
grew to EUR 3.2 million from EUR 3.0 million in the same quarter in the
previous year (up by 7.7 percent).

Group earnings before taxes (Group EBT) for the first half of 2010
increased to EUR 2.5 million, as compared with EUR 0.8 million year-on-year
(up by 193.7 percent). Group EBT for the second quarter of 2010 improved to
EUR 2.6 million, as compared with EUR 2.4 million in the same quarter of
2009 (up by 9.5 percent)

Consolidated net income for the period before minority interest in the
first half-year of 2010 improved to EUR 1.1 million, following a loss of
EUR 0.2 million in the same period of 2009. Consolidated net income for the
period before minority interest for the second quarter of 2010 grew to EUR
2.0 million, as compared with EUR 1.7 million in a year-on-year comparison
(up by 17.4 percent).

Consolidated net income for the period after minority interest for the
first half-year of 2010 grew to EUR 1.7 million, after a loss of EUR 0.0
million in a year-on-year comparison. Consolidated net income for the
period after minority interest in the second quarter of 2010 increased to
EUR 2.4 million, as compared with EUR 1.8 million in the same quarter in
2009 (+32.6 percent).

Consolidated earnings per share in the first half of 2010 were up to EUR
0.03 compared with EUR 0.00 in the previous year's half-year. Earnings per
share in the second quarter of 2010 amounted to EUR 0.05 and to EUR 0.03 in
the second quarter of 2009.

In addition to marketing expenses, these figures include start-up losses
and purchase price amortisation from new business segments, resulting in
charges against earnings of EUR 3.4 million, as compared with EUR 1.9
million in a year-on-year comparison.

Later in the year further investments are planned in the E-Commerce segment
in order to achieve sustainable growth in both revenue and earnings.

HolidayCheck AG, for instance, is currently preparing to enter the French
market. In addition to making hotel ratings - as is already done in
Austria, Germany, Poland and Switzerland - it will then be possible to book
package holidays here as well.

The online dating portal, ElitePartner, will continue to invest in
marketing measures in the second half due to the pleasing revenue
development. In addition, ElitePartner is currently creating the technical
preconditions for realising the planned internationalisation of its own
platform during the coming year.

In the Portal segment the development of the marketing activities at AdJug
Ltd. and TOMORROW FOCUS Sales is likely to proceed as planned in the second
half of 2010. A major role here will be placed by Tuesday's relaunch of the
internet presence of FOCUS Online, which should lead to higher revenue in
the second half-year thanks to new and more flexible forms of advertising.

In the Technologies segment Cellular and TOMORROW FOCUS Technologies will
continue to focus on finding new customers.

The Management Board is confident that it will do justice to its good track
record of growth and achieve further growth as the year progresses.

The interim report for the first half of 2010 will be made available on our
website at www.tomorrow-focus.de by 9 August 2010 at the latest.


Media & Investor Relations contact: 
TOMORROW FOCUS AG
Armin Blohmann
Steinhauser Strasse 1+3
81677 München
Germany
phone: +49 (0)89 9250-1256
fax: +49 (0)89 9250-2403
email: a.blohmann@tomorrow-focus.de 
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus

Photographic material and logos can be found on the website
(www.tomorrow-focus.de) under the heading PRESS / Press Material at
www.tomorrow-focus.de (select English Version)






30.07.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      TOMORROW FOCUS AG
              Steinhauserstr. 1-3
              81677 München
              Deutschland
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, Hannover, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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