DGAP-News

TOMORROW FOCUS AG increases market share in first quarter - Proposal to change trading name to HolidayCheck Group AG

DGAP-News: TOMORROW FOCUS AG / Key word(s): Quarter Results
TOMORROW FOCUS AG increases market share in first quarter - Proposal to
change trading name to HolidayCheck Group AG

04.05.2016 / 07:47
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Corporate News

TOMORROW FOCUS AG increases market share in first quarter - Proposal to
change trading name to HolidayCheck Group AG

Munich, Germany, 4 May 2016 - TOMORROW FOCUS AG increased its share of the
online travel market in the first quarter of 2016 against a background of
general industry weakness.

According to the company's own estimates, this weakness particularly
affected overall package holiday sales in Central Europe, which ended the
quarter around ten percent lower year on year. One of the main factors in
this downturn was the series of terrorist attacks in France, Turkey and
Belgium. The heightened sense of insecurity that this created among
holidaymakers translated into a greater reluctance to make travel bookings.

In this context, HolidayCheck AG nevertheless achieved a single-digit
first-quarter increase in revenue from package holiday bookings, its
largest business segment, compared with the first quarter of 2015 and
increased its market share by a significant margin.

As planned, first-quarter revenue at TOMORROW FOCUS AG's Dutch subsidiary
WebAssets B.V. was down on the previous year. This was mainly due to the
sale of Zoover's and Tjingo's travel agency operations at the end of 2015
and the almost complete discontinuation of WeerOnline's B2B activities.
TOMORROW FOCUS AG's total consolidated revenue for the first quarter of
2016 was EUR 30.1 million, down 1.0 percent compared with EUR 30.4 million
in the same period of 2015.

EBITDA in the first quarter of 2016 stood at EUR 0.7 million, down 61.1
percent compared with the figure of EUR 1.8 million in the same quarter of
2015.

At EUR 0.4 million, operating EBITDA in the first quarter of 2016 was 88.9
percent lower compared with EUR 3.6 million in the first quarter of 2015.

First-quarter EBIT for 2016 was minus EUR 0.7 million (first quarter 2015:
EUR 0.2 million).

The financial result improved from minus EUR 0.3 million in the first
quarter of 2015 to EUR 0.0 million in the period under review.
This was due to a reduction in financial expenses following the complete
repayment of all outstanding bank loans.

EBT in the first quarter of 2016 was minus EUR 0.7 million (first quarter
2015: minus EUR 0.1 million).

Consolidated net loss from continuing operations stood at EUR 0.7 million