TOMORROW FOCUS AG / Key word(s): Acquisition
28.06.2013 16:20
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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TOMORROW FOCUS AG acquires remaining minority shares in HolidayCheck AG
Munich, Germany, 28 June 2013 - TOMORROW FOCUS AG has acquired a further 6
percent of the shares in HolidayCheck AG, which is based in the Swiss town
of Bottighofen and operates a number of hotel reviews and holiday booking
portals under the same name. As a result, TOMORROW FOCUS AG has increased
its total stake from 94 to 100 percent. The price agreed for the shares is
in the region of EUR 15 million and will be settled in cash.
Following the takeover of the remaining shares, the yearly dividend
previously paid to the minority shareholders of HolidayCheck AG will cease.
This will ease the pressure on the TOMORROW FOCUS Group's financial result
from 2014 onwards. In the first quarter of 2013, the dividend paid to the
former minority shareholders in respect of HolidayCheck AG's financial year
2012 was around EUR 0.6 million.
At 24.5 million visits per month (according to the German Audit Bureau of
Circulations (IVW) in January 2013), HolidayCheck has the highest reach
figures of any travel and holiday booking and reviews portal on the
German-language Internet. With around 300 employees, in 2012 the company
arranged hotel and package holiday bookings with a gross value of
approximately EUR 600 million.
Over the first five months of the current financial year, HolidayCheck AG
recorded double-digit percentage increases in both year-on-year revenue and
EBITDA.
As well as its subsidiary HolidayCheck AG, TOMORROW FOCUS AG holds majority
stakes in three other hotel reviews and holiday booking platforms in France
and in the Netherlands. Together with HolidayCheck, their aim for the
current financial year is to handle a gross booking volume in the region of
EUR 1 billion.
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Information and Explaination of the Issuer to this News:
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 Group
has a workforce of around 750, and its business operations are divided into
three segments: Transactions, Advertising and Technologies.
The Transactions segment includes HOLIDAYCHECK AG, which operates a number
of hotel reviews and travel booking portals by the same name; WEBASSETS
B.V., which operates the ZOOVER hotel reviews portals and the
METEOVISTA/WEERONLINE weather portals; TOMORROW TRAVEL B.V., which operates
the Dutch online travel agent TJINGO; RPC VOYAGES SAS, which operates the
French online travel agent ECOTOUR; ELITEMEDIANET GmbH, which operates the
premium online dating agency ELITEPARTNER; and JAMEDA GmbH, which operates
the physician ratings portal JAMEDA.de.
The Advertising segment includes TOMORROW FOCUS MEDIA GmbH, one of the
leading German online marketing providers, which markets numerous
well-known portals on behalf of business partners in addition to those
operated by the Group itself, such as the news and utility journalism site
FOCUS Online, the finance and stock market portal FINANZEN100 and the
parent portal NETMOMS.
The Technologies segment includes CELLULAR GmbH, one of Germany's leading
full-service agencies for mobile platforms, and TFT GmbH, which provides
technology and creative services for web-based IT and e-commerce solutions.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email a.blohmann@tomorrow-focus.de
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
28.06.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann@tomorrow-focus.de
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: TOMORROW FOCUS AG acquires remaining minority shares in HolidayCheck AG
| Source: EQS Group AG