DGAP-News: TOMORROW FOCUS AG sells jameda GmbH to Burda Digital GmbH


DGAP-News: TOMORROW FOCUS AG / Key word(s): Disposal
TOMORROW FOCUS AG sells jameda GmbH to Burda Digital GmbH

06.11.2015 / 09:03


Corporate News

TOMORROW FOCUS AG sells jameda GmbH to Burda Digital GmbH

Munich, Germany, 6 November 2015 - TOMORROW FOCUS AG has agreed to sell
jameda GmbH, which operates a physician ratings portal by the same name, to
Burda Digital GmbH. The deal will largely complete TOMORROW FOCUS AG's
strategy of concentrating on digital transaction-based business models in
the travel sector.

The provisional cash purchase price is EUR 46.8 million. Burda Digital made
the highest offer in a bidding procedure coordinated by Altium Capital
involving around 40 companies. This amount is equal to 22 times the
anticipated EBITDA figure for 2015. According to initial estimates based on
carrying values as at 31 December 2015, the resulting book profit of the
TOMORROW FOCUS Group under IFRS rules will be EUR 38.1 million. In the
single-entity financial statements of the parent company TOMORROW FOCUS AG,
drawn up under the accounting rules of the German Commercial Code
(Handelsgesetzbuch, HGB), the book profit will be EUR 38.8 million. The
deal is expected to close at the end of the year.

jameda is Germany's biggest physician ratings portal. Over five million
patients use the portal every month to find the right physician. The site
also features a booking system that allows patients to make their
appointments straight away online. jameda GmbH was formed in 2007. TOMORROW
FOCUS AG acquired a majority shareholding in 2008 during the start-up phase
and completed its takeover in 2011. In the financial year 2015, with around
40 employees, the Munich-based company will presumably generate revenue of
EUR 6 million and EBITDA of EUR 2 million.

Following the sale of TOMORROW FOCUS AG's publishing assets (Focus Online
and The Huffington Post) in April and of its premium online dating agency
(ElitePartner) in June, the sale of jameda largely completes its strategic
realignment towards digital transaction-based business models in the travel
sector. Altogether, these disposals will generate a cash inflow of around
EUR 85 million. TOMORROW FOCUS AG plans to use some of this cash to drive
further growth in its Travel segment, centred on HolidayCheck and Zoover.

Christoph Schuh, Member of the Management Board at TOMORROW FOCUS AG, paid
tribute to the team at jameda GmbH: "We are very proud of all the interest
shown in jameda and the price offered for the company in the bidding
process. In the eight years since it was formed, jameda has grown from a
tiny start-up to become Germany's leading eHealth portal. In recognition of
that achievement, we would like to express our gratitude to the company's
founders, its management team and, above all, its employees. I am confident
that Burda Digital is the right choice of buyer and that it will be able to
keep jameda GmbH on a trajectory of growth."

TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the country's leading digital travel companies. With a total
workforce of around 400, the TOMORROW FOCUS Group comprises HOLIDAYCHECK
AG, which operates hotel review and travel booking portals by the same
name; the car rental portal MIETWAGENCHECK; and WEBASSETS B.V., which
operates the ZOOVER hotel review portals and the METEOVISTA/WEERONLINE
weather portals.

Media and Investor Relations contact: 
Armin Blohmann
Neumarkter Strasse 61
81673 München

phone +49 (0)89 9250 1256
fax  +49 (0)89 9250 2403
email a.blohmann@tomorrow-focus.de 


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Language:    English                                                     
Company:     TOMORROW FOCUS AG                                           
             Neumarkter Str. 61                                          
             81673 München                                               
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:      Regulated Market in Frankfurt (Prime Standard); Regulated   
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
             Munich, Stuttgart                                           
End of News    DGAP News Service  
409787 06.11.2015