At EUR 38.6 million in the first quarter of 2015, TOMORROW FOCUS AG increased its consolidated revenue by 4.8 percent compared with the figure of EUR 36.8 million recorded in the first quarter of 2014.

Revenue in the Travel segment rose by 5.6 percent to EUR 30.4 million compared with EUR 28.7 million in the same quarter of 2014.

This was mainly due to a strong performance by HolidayCheck AG, which boosted its total first-quarter revenue by around 9 percent compared with the previous year.

By contrast, revenue from WebAssets B.V.'s travel operations was largely unchanged year on year as a result of the subdued macroeconomic and industry situation in the Netherlands.

First-quarter revenue in the Subscription segment rose by a modest 2.5 percent from EUR 8.0 million in the first three months of 2014 to EUR 8.2 million in the first quarter of the year under review.

The first quarter of 2015 brought a small and temporary decline in revenue at EliteMedianet GmbH, which operates the premium online dating agency ElitePartner. This was due to seasonal variations in the marketing budget. Revenue is expected to return to growth over the course of the year. The operating result increased by a significant margin over the first three months of 2015. jameda GmbH, which operates a physician ratings portal by the same name, achieved growth in revenue in the first quarter of 2015 in the high double digits in percentage terms. This was accompanied by clear double-digit growth in the profit margin.

The TOMORROW FOCUS Group's key earnings figures for the first quarter of 2015 include extraordinary expenses of EUR 1.1 million as a result of the appreciation of the Swiss franc against the euro.

In order to provide a clearer comparison between the first-quarter figures for 2014 and 2015, however, the following operating results have been adjusted to exclude extraordinary additions of EUR 1.6 million to 'Liabilities from share-based payment transactions (LTIP)' (mainly related to increases in the share price and additions to the 2015 payment tranche).

At EUR 3.9 million, Group operating EBITDA (earnings from operating activities before interest, taxes, depreciation and amortisation) from continuing operations ended the quarter 5.8 percent lower compared with the figure of EUR 4.2 million in the first quarter of 2014.

First-quarter Group operating EBIT (earnings from operating activities before interest and taxes) from continuing operations reached EUR 2.1 million. This compares with the figure of EUR 2.5 million in the same quarter of 2014 (down 18.2 percent).

Group operating EBT (earnings from operating activities before taxes) from continuing operations rose by 17.7 percent from EUR 1.5 million in the first quarter of 2014 to EUR 1.7 million in the quarter under review.

The Group operating result after taxes from continuing operations for the first quarter of 2015 was EUR 1.0 million, up 208.3 percent on the previous year's figure of EUR 0.3 million.

The Group operating result after taxes from discontinued operations for the first quarter of 2015 was minus EUR 0.3 million (first quarter 2014: minus EUR 2.8 million). This total corresponds to the Group operating result after taxes of the discontinued Publishing unit.

The equivalent figure for the first quarter of 2014 contained the operating results after taxes for the Group's now discontinued Publishing (minus EUR 1.7 million), French travel market (minus EUR 1.3 million) and B2B (EUR 0.1 million) operations.

The Group operating result after taxes was EUR 0.8 million (first quarter 2014: minus EUR 2.5 million).

The Group operating result per share from continuing operations rose by 100 percent from EUR 0.01 in the first quarter of 2014 to EUR 0.02 in the period under review.

The Group operating result per share from discontinued operations stood at EUR 0.00. This compares with the figure of minus EUR 0.05 in the first quarter of 2014.

Overall, the Group is well placed to generate further revenue growth in the financial year 2015.

After adjusting for acquisitions and disposals of long-term equity investments, we expect to generate a high single-digit or low double-digit increase in the TOMORROW FOCUS Group's sales revenue in 2015 compared with the previous year.

Group operating EBITDA and Group EBIT should both grow by at least ten percent in the current financial year.

The sale of TOMORROW FOCUS Publishing GmbH and its advertising-based operations was completed on schedule on 30 April 2015. TOMORROW FOCUS AG will now concentrate on digital transaction-based business models with a clear focus on the travel sector. We plan to consistently expand our market position as one of Europe's leading providers in the field of hotel ratings and travel bookings. TOMORROW FOCUS AG is already conducting initial negotiations with strategic partners with a view to speeding up the pace of growth in the Subscription segment with its strong brands ElitePartner, jameda and Organize.me.

About TOMORROW FOCUS AG

TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is one of the leading exchange-listed Internet groups in Germany. The company's main business models are based on digital transactions, predominantly in the travel sector. The Group has a workforce of around 500, and its business operations are divided into the segments Travel and Subscription.

The Travel segment includes HOLIDAYCHECK AG, which operates a number of hotel review and travel booking portals by the same name; WEBASSETS B.V., which operates the ZOOVER hotel review portals and the METEOVISTA/WEERONLINE weather portals; and TOMORROW TRAVEL B.V., which operates the Dutch online travel agent TJINGO.

The Subscription segment is made up of ELITEMEDIANET GmbH, which operates the premium online dating agency ELITEPARTNER.de; JAMEDA GmbH, which operates the physician rating portal JAMEDA.de; and ORGANIZE.ME GmbH, which operates an app-based document organisation and reminder system.

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