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TOMORROW FOCUS AG increases market share in first quarter - Proposal to change trading name to HolidayCheck Group AG - Seite 2
in the first quarter of 2016 compared with EUR 0.8 million in the same
quarter of 2015.
Consolidated net income from discontinued operations amounted to EUR 0.5
million in the first quarter of 2016 compared with a consolidated net loss
of EUR 0.1 million in the same quarter of 2015.
Consolidated net loss was EUR 0.3 million in the first quarter of 2016
compared with EUR 0.8 million in the same quarter of 2015.
Consolidated earnings per share from continuing operations stood at minus
EUR 0.01 in the first quarter of 2016 and were therefore unchanged year on
year.
Consolidated earnings per share from discontinued operations stood at EUR
0.01 in the first quarter of 2016 compared with EUR 0 in the same quarter
of 2015.
Consolidated earnings per share from all operations stood at EUR 0 in the
first quarter of 2016 compared with minus EUR 0.01 in the same quarter of
2015.
As at 31 March 2016, the equity ratio stood at 84.5 percent, up from the
figure of 76.3 percent as at 31 December 2015.
Outlook
The TOMORROW FOCUS Group's vision is to build the most
holidaymaker-friendly company in the world.
Our main focus in financial 2016 and beyond will again be on steps to
intensify investment in the further development of the products and
services offered by the TOMORROW FOCUS Group's holiday brands. In the first
quarter of 2016, for example, there was an eightfold increase in the number
of A/B tests, which compare the impact of different versions of a website.
In addition, we are not excluding the possibility of targeted acquisitions
of digital travel companies that could usefully complement our existing
portfolio.
In total, after adjusting for acquisitions and disposals, the Management
Board believes that the consolidated revenue of the TOMORROW FOCUS Group
could be increased in financial 2016 by a percentage figure in the middle
single digits (and therefore above the industry average) compared with the
previous year.
In the view of the Management Board, the above-mentioned investment in
products and services will have a positive impact on consolidated revenue
and thus on the TOMORROW FOCUS Group's operating EBITDA in the medium to
long term. For the current financial year, the Management Board expects
Group EBITDA to at least reach the break-even point despite planned
spending on investment and its strategy of increasing market share.
Proposal to change trading name to HolidayCheck Group AG
The Management Board and Supervisory Board of TOMORROW FOCUS AG have
decided to submit a proposal to the annual general meeting of 16 June 2016
EUR 0.01 in the first quarter of 2016 and were therefore unchanged year on
year.
Consolidated earnings per share from discontinued operations stood at EUR
0.01 in the first quarter of 2016 compared with EUR 0 in the same quarter
of 2015.
Consolidated earnings per share from all operations stood at EUR 0 in the
first quarter of 2016 compared with minus EUR 0.01 in the same quarter of
2015.
As at 31 March 2016, the equity ratio stood at 84.5 percent, up from the
figure of 76.3 percent as at 31 December 2015.
Outlook
The TOMORROW FOCUS Group's vision is to build the most
holidaymaker-friendly company in the world.
Our main focus in financial 2016 and beyond will again be on steps to
intensify investment in the further development of the products and
services offered by the TOMORROW FOCUS Group's holiday brands. In the first
quarter of 2016, for example, there was an eightfold increase in the number
of A/B tests, which compare the impact of different versions of a website.
In addition, we are not excluding the possibility of targeted acquisitions
of digital travel companies that could usefully complement our existing
portfolio.
In total, after adjusting for acquisitions and disposals, the Management
Board believes that the consolidated revenue of the TOMORROW FOCUS Group
could be increased in financial 2016 by a percentage figure in the middle
single digits (and therefore above the industry average) compared with the
previous year.
In the view of the Management Board, the above-mentioned investment in
products and services will have a positive impact on consolidated revenue
and thus on the TOMORROW FOCUS Group's operating EBITDA in the medium to
long term. For the current financial year, the Management Board expects
Group EBITDA to at least reach the break-even point despite planned
spending on investment and its strategy of increasing market share.
Proposal to change trading name to HolidayCheck Group AG
The Management Board and Supervisory Board of TOMORROW FOCUS AG have
decided to submit a proposal to the annual general meeting of 16 June 2016
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