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    30.07.2010

    TOMORROW FOCUS AG boots review 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, 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.

    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