TOMORROW FOCUS AG / Key word(s): Disposal
06.11.2015 08:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement
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 involving around 40 companies.
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 and one of the leading
online platforms for booking appointments with physicians. 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 2014, with around 40 employees, the Munich-based company
generated revenue of EUR 4.1 million and EBITDA of EUR 1.1 million.
TOMORROW FOCUS AG plans to use some of the cash generated by the deal to
drive further growth in its Travel segment.
About TOMORROW FOCUS AG
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:
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
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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 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:
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
06.11.2015 The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: TOMORROW FOCUS AG sells jameda GmbH to Burda Digital GmbH
| Source: EQS Group AG