13.05.2015
TOMORROW FOCUS AG DE0005495329
DGAP-News: TOMORROW FOCUS AG - First quarter marked by revenue growth and substantial increase in Group operating result
DGAP-News: TOMORROW FOCUS AG / Key word(s): Quarter Results
TOMORROW FOCUS AG - First quarter marked by revenue growth and
substantial increase in Group operating result
13.05.2015 / 07:35
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Corporate News
TOMORROW FOCUS AG - First quarter marked by revenue growth and substantial
increase in Group operating result
Munich, Germany, 13 May 2015 - At EUR 38.6 million in the first quarter of
2015, TOMORROW FOCUS AG increased its consolidated revenue by 4.8 percent
compared with the figure of EUR 36.8 million recorded in the first quarter
of 2014.
Revenue in the Travel segment rose by 5.6 percent to EUR 30.4 million
compared with EUR 28.7 million in the same quarter of 2014.
This was mainly due to a strong performance by HolidayCheck AG, which
boosted its total first-quarter revenue by around 9 percent compared with
the previous year.
By contrast, revenue from WebAssets B.V.'s travel operations was largely
unchanged year on year as a result of the subdued macroeconomic and
industry situation in the Netherlands.
First-quarter revenue in the Subscription segment rose by a modest 2.5
percent from EUR 8.0 million in the first three months of 2014 to EUR 8.2
million in the first quarter of the year under review.
The first quarter of 2015 brought a small and temporary decline in revenue
at EliteMedianet GmbH, which operates the premium online dating agency
ElitePartner. This was due to seasonal variations in the marketing budget.
Revenue is expected to return to growth over the course of the year. The
operating result increased by a significant margin over the first three
months of 2015. jameda GmbH, which operates a physician ratings portal by
the same name, achieved growth in revenue in the first quarter of 2015 in
the high double digits in percentage terms. This was accompanied by clear
double-digit growth in the profit margin.
The TOMORROW FOCUS Group's key earnings figures for the first quarter of
2015 include extraordinary expenses of EUR 1.1 million as a result of the
appreciation of the Swiss franc against the euro.
In order to provide a clearer comparison between the first-quarter figures
for 2014 and 2015, however, the following operating results have been
adjusted to exclude extraordinary additions of EUR 1.6 million to
'Liabilities from share-based payment transactions (LTIP)' (mainly related
to increases in the share price and additions to the 2015 payment tranche).
At EUR 3.9 million, Group operating EBITDA (earnings from operating
activities before interest, taxes, depreciation and amortisation) from
continuing operations ended the quarter 5.8 percent lower compared with the
figure of EUR 4.2 million in the first quarter of 2014.
First-quarter Group operating EBIT (earnings from operating activities
before interest and taxes) from continuing operations reached EUR 2.1
million. This compares with the figure of EUR 2.5 million in the same
quarter of 2014 (down 18.2 percent).
Group operating EBT (earnings from operating activities before taxes) from
continuing operations rose by 17.7 percent from EUR 1.5 million in the
first quarter of 2014 to EUR 1.7 million in the quarter under review.
The Group operating result after taxes from continuing operations for the
first quarter of 2015 was EUR 1.0 million, up 208.3 percent on the previous
year's figure of EUR 0.3 million.
The Group operating result after taxes from discontinued operations for the
first quarter of 2015 was minus EUR 0.3 million (first quarter 2014: minus
EUR 2.8 million). This total corresponds to the Group operating result
after taxes of the discontinued Publishing unit.
The equivalent figure for the first quarter of 2014 contained the operating
results after taxes for the Group's now discontinued Publishing (minus EUR
1.7 million), French travel market (minus EUR 1.3 million) and B2B (EUR 0.1
million) operations.
The Group operating result after taxes was EUR 0.8 million (first quarter
2014: minus EUR 2.5 million).
The Group operating result per share from continuing operations rose by 100
percent from EUR 0.01 in the first quarter of 2014 to EUR 0.02 in the
period under review.
The Group operating result per share from discontinued operations stood at
EUR 0.00. This compares with the figure of minus EUR 0.05 in the first
quarter of 2014.
Overall, the Group is well placed to generate further revenue growth in the
financial year 2015.
After adjusting for acquisitions and disposals of long-term equity
investments, we expect to generate a high single-digit or low double-digit
increase in the TOMORROW FOCUS Group's sales revenue in 2015 compared with
the previous year.
Group operating EBITDA and Group EBIT should both grow by at least ten
percent in the current financial year.
The sale of TOMORROW FOCUS Publishing GmbH and its advertising-based
operations was completed on schedule on 30 April 2015. TOMORROW FOCUS AG
will now concentrate on digital transaction-based business models with a
clear focus on the travel sector. We plan to consistently expand our market
position as one of Europe's leading providers in the field of hotel ratings
and travel bookings. TOMORROW FOCUS AG is already conducting initial
negotiations with strategic partners with a view to speeding up the pace of
growth in the Subscription segment with its strong brands ElitePartner,
jameda and Organize.me.
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
company's main business models are based on digital transactions,
predominantly in the travel sector. The Group has a workforce of around
500, and its business operations are divided into the segments Travel and
Subscription.
The Travel segment includes HOLIDAYCHECK AG, which operates a number of
hotel review and travel booking portals by the same name; WEBASSETS B.V.,
which operates the ZOOVER hotel review portals and the
METEOVISTA/WEERONLINE weather portals; and TOMORROW TRAVEL B.V., which
operates the Dutch online travel agent TJINGO.
The Subscription segment is made up of ELITEMEDIANET GmbH, which operates
the premium online dating agency ELITEPARTNER.de; JAMEDA GmbH, which
operates the physician rating portal JAMEDA.de; and ORGANIZE.ME GmbH, which
operates an app-based document organisation and reminder system.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email [email protected]
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
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13.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: [email protected]
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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356953 13.05.2015
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