DGAP-News
TOMORROW FOCUS AG records significant revenue and earnings growth in the second quarter of 2014
DGAP-News: TOMORROW FOCUS AG / Key word(s): Half Year Results
TOMORROW FOCUS AG records significant revenue and earnings growth in
the second quarter of 2014
08.08.2014 / 07:15
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Corporate News
TOMORROW FOCUS AG records significant revenue and earnings growth in the
second quarter of 2014
Munich, Germany, 8 August 2014 - At EUR 97.6 million, adjusted consolidated
revenue at TOMORROW FOCUS AG in the first half of 2014 was up by 8.2
percent on the corresponding figure of EUR 90.2 million for the same period
in 2013.
Adjusted consolidated revenue for the second quarter of 2014 showed a
year-on-year rise of 9.8 percent from EUR 45.0 million in 2013 to EUR 49.4
million.
Revenue in the Travel segment for the first half-year period stood at EUR
63.2 million, 11.4 percent up on the equivalent figure of EUR 56.7 million
in the previous year.
Segment revenue for the second quarter 2014 increased by 13.3 percent from
EUR 27.2 million to EUR 30.9 million year on year.
Although the market environment remained stagnant and in some cases even
lost ground, TOMORROW FOCUS AG estimates that its travel portals
nevertheless managed to expand their respective market positions.
Half-year revenue in the Publishing segment rose slightly from EUR 14.2
million in 2013 to EUR 14.4 million, an increase of 1.4 percent.
Segment revenue in the second quarter of 2014 rose by 8.7 percent from EUR
7.8 million in 2013 to EUR 8.5 million.
Following a small decline in the segment's first-quarter revenue due to
weakness in the display advertising market, second-quarter revenue showed
clear single-digit growth. Although this is partly down to a slight
improvement in the market situation, it particularly reflects the Group's
success in creating new income-generating pillars in the fields of video
advertising, transactions and mobile advertising.
At EUR 15.8 million, revenue in the Subscription segment was practically
unchanged in the first six months of 2014. The figure reported for the
first six months of 2013 was EUR 16.0 million.
Segment revenue in the second quarter of 2014 stood at EUR 7.7 million,
down 3.2 percent on the equivalent figure of EUR 8.0 million in 2013.
Faced with a generally stagnant yet highly competitive market environment,
EliteMedianet GmbH, which operates the premium online dating agency
ElitePartner, consciously accepted a small decrease in revenue for the
first half-year in order to boost its earnings performance.
jameda GmbH, which operates a physician ratings portal by the same name,
achieved growth in revenue and earnings in the first half of 2014 in the
Corporate News
TOMORROW FOCUS AG records significant revenue and earnings growth in the
second quarter of 2014
Munich, Germany, 8 August 2014 - At EUR 97.6 million, adjusted consolidated
revenue at TOMORROW FOCUS AG in the first half of 2014 was up by 8.2
percent on the corresponding figure of EUR 90.2 million for the same period
in 2013.
Adjusted consolidated revenue for the second quarter of 2014 showed a
year-on-year rise of 9.8 percent from EUR 45.0 million in 2013 to EUR 49.4
million.
Revenue in the Travel segment for the first half-year period stood at EUR
63.2 million, 11.4 percent up on the equivalent figure of EUR 56.7 million
in the previous year.
Segment revenue for the second quarter 2014 increased by 13.3 percent from
EUR 27.2 million to EUR 30.9 million year on year.
Although the market environment remained stagnant and in some cases even
lost ground, TOMORROW FOCUS AG estimates that its travel portals
nevertheless managed to expand their respective market positions.
Half-year revenue in the Publishing segment rose slightly from EUR 14.2
million in 2013 to EUR 14.4 million, an increase of 1.4 percent.
Segment revenue in the second quarter of 2014 rose by 8.7 percent from EUR
7.8 million in 2013 to EUR 8.5 million.
Following a small decline in the segment's first-quarter revenue due to
weakness in the display advertising market, second-quarter revenue showed
clear single-digit growth. Although this is partly down to a slight
improvement in the market situation, it particularly reflects the Group's
success in creating new income-generating pillars in the fields of video
advertising, transactions and mobile advertising.
At EUR 15.8 million, revenue in the Subscription segment was practically
unchanged in the first six months of 2014. The figure reported for the
first six months of 2013 was EUR 16.0 million.
Segment revenue in the second quarter of 2014 stood at EUR 7.7 million,
down 3.2 percent on the equivalent figure of EUR 8.0 million in 2013.
Faced with a generally stagnant yet highly competitive market environment,
EliteMedianet GmbH, which operates the premium online dating agency
ElitePartner, consciously accepted a small decrease in revenue for the
first half-year in order to boost its earnings performance.
jameda GmbH, which operates a physician ratings portal by the same name,
achieved growth in revenue and earnings in the first half of 2014 in the
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