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Investor Relations

    Quarterly Result

    TOMORROW FOCUS AG boosts revenue by 51 percent in third quarter of 2010 – earnings significantly higher in year-on-year comparison

    Munich, Germany, 02 November 2010 – TOMORROW FOCUS AG, one of Germany's foremost exchange-listed internet groups, once again maintained its established track record of growth in the third quarter of 2010.

    According to the final figures, the Group’s revenue for the first three quarters was higher than in any previous year in its history and even exceeded that for the entire financial year 2009.

    In detail, consolidated revenue for the first nine months of 2010 was up 47.1 percent year-on-year, from EUR 63.9 million to EUR 94.0 million. Revenue for the third quarter of 2010 showed a year-on-year increase of 50.9 percent from EUR 23.1 million to EUR 34.8 million.

    This can be attributed to a marked growth in revenue in both the E-Commerce and Portal segments. In the E-Commerce segment, this was largely due to a substantial increase in the number of travel bookings using HolidayCheck, while in the Portal segment the main factors were growth in advertising bookings in the area of premium marketing and the fact that AdJug Ltd. had not yet been consolidated in the comparative figures for the previous year.

    There was also a major improvement in all other consolidated earnings, despite the considerable sums invested in further corporate growth.

    Group earnings before interest, taxes, depreciation and amortisation (Group EBITDA) for the first nine months of 2010 was up 39.8 percent to EUR 12.1 million, in comparison with EUR 8.6 million over the same period in the previous year. Group EBITDA for the third quarter of 2010 rose to EUR 5.1 million from EUR 2.9 million in the same quarter of the previous year (up 75.6 percent).

    Group earnings before interest and taxes (Group EBIT) for the first three quarters of 2010 grew to EUR 8.0 million from EUR 5.9 million in a year-on-year comparison (up 35.6 percent). Group EBIT in the third quarter of 2010 grew to EUR 3.7 million from EUR 2.0 million in the same quarter in the previous year (up 88.9 percent).

    Group earnings before taxes (Group EBT) for the first nine months of 2010 were up 148.3 percent at EUR 5.7 million compared to the figure of EUR 2.3 million for the same period in 2009. Group EBT for the third quarter of 2010 improved to EUR 3.2 million, as compared with EUR 1.4 million in the same quarter of 2009 (up 121.9 percent)

    Consolidated net income for the period before minority interest in the first three quarters improved to EUR 3.6 million in 2010 from EUR 0.6 million in 2009 (up 468.3 percent). Consolidated net income for the period before minority interest for the third quarter of 2010 grew to EUR 2.5 million, as compared with EUR 0.8 million in a year-on-year comparison (up 206.6 percent).

    Consolidated net income for the period after minority interest for the first nine months of 2010 grew to EUR 4.4 million, compared to a figure of EUR 1.0 million in a year-on-year comparison (up 325.9 percent). Consolidated net income for the period after minority interest in the third quarter of 2010 increased to EUR 2.7 million, as compared with EUR 1.0 million for the same quarter in 2009 (up 32.6 percent).

    Consolidated earnings per share in the first nine months of 2010 were up to EUR 0.08 compared with EUR 0.02 in the first three quarters of the previous year. Earnings per share in the third quarter of 2010 amounted to EUR 0.05 compared to EUR 0.02 in the same quarter of 2009.

    The sale of shares in Playboy Publishing Deutschland GmbH took place in the fourth quarter and is therefore not reflected in these figures.

    Looking ahead at the fourth quarter of 2010, the Management Board of TOMORROW FOCUS AG anticipates a continued high level of growth. The focus will be on efforts to achieve a further substantial increase in the Group’s earnings.

    The German version of the interim report for the first three quarters of 2010 will be made available on our website at www.tomorrow-focus.de by 12 November 2010 at the latest. The English version of the report will be published at the end of the month.

    Contact

    Armin Blohmann
    Armin Blohmann

    Head of Group Communications & Investor Relations

    TOMORROW FOCUS AG

    Contact details

    Armin Blohmann
    Armin Blohmann

    Head of Group Communications & Investor Relations

    • TOMORROW FOCUS AG
    • Ecotour
    • MeteoVista
    • Tjingo
    • Zoover
    Contact

    Neumarkter Str. 61

    81673 München

    Phone: +49 (0) 89 9250 1256

    Fax: +49 (0) 89 9250-2403

    Email: a.blohmann@tomorrow-focus.de

    Sabine Wodarz
    Sabine Wodarz

    Deputy Head Group Communications & Investor Relations

    TOMORROW FOCUS AG

    Contact details

    Sabine Wodarz
    Sabine Wodarz

    Deputy Head Group Communications & Investor Relations

    • TOMORROW FOCUS AG
    • Ecotour
    • MeteoVista
    • Tjingo
    • Zoover
    Contact

    Neumarkter Str. 61

    81673 München

    Phone: +49 89 9250-1208

    Fax: +49 89 9250-2403

    Email: s.wodarz@tomorrow-focus.de