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    Geschäftsbericht 2011

    Annual result

    TOMORROW FOCUS AG reports substantial increases in revenue (up 20 percent) and earnings (up 33 percent) for financial year 2011

    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.

    Consolidated revenue for the TOMORROW FOCUS Group was up 20 percent year-on-year from EUR 106.9 million to EUR 128.3 million after adjusting for the contributions made by Playboy Deutschland Publishing GmbH (sold on 1 November 2010) and the Adjug Group (recognised from 1 August 2011 under equity investments following the sale of a majority stake to Dentsu). If these contributions are included, the increase in consolidated revenue comes to 6.0 percent, from EUR 128.2 million in 2010 to EUR 135.9 million.

    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.

    Once again, there was a pleasing performance from HolidayCheck AG, which benefited from the ongoing trend towards online booking for package holidays. In addition, the measures taken to expand HolidayCheck’s international presence began to pay off, with both Poland and France recording a significant boost in activity.

    Despite intense competition, EliteMedianet GmbH, which operates the online dating agency ElitePartner.de, achieved a modest increase in revenue alongside a considerable improvement in profitability. According to the company itself, this has helped to strengthen ElitePartner’s leading market position among Germany’s dating agencies.

    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.

    Consolidated earnings per share for the financial year of 2011 were 31.3 percent higher at EUR 0.21 compared to EUR 0.16 (adjusted) for 2010.

    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.

    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
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    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