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YOC AG: Preliminary figures 2020: YOC AG achieves net profit for the year - VIS.X(R) trading platform as driver of corporate performance

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DGAP-News: YOC AG / Key word(s): Preliminary Results/Development of Sales
15.02.2021 / 10:35
The issuer is solely responsible for the content of this announcement.

Preliminary figures 2020: YOC AG achieves net profit for the year - VIS.X(R) trading platform as driver of corporate performance

- Sales revenue 2020: EUR 15.5 million (2019: EUR 14.9 million)

- EBITDA 2020: EUR 1.8 million (2019: EUR 0.8 million)

- Net income 2020: EUR 0.3 million (2019: EUR -0.5 million)

- Doubling of trading volume of the VIS.X(R) platform compared to the previous year

Berlin, February 15, 2021 - In the financial year 2020, YOC AG (ISIN DE0005932735) increased its sales at group level to an expected EUR 15.5 million according to preliminary IFRS figures (2019: EUR 14.9 million).

The economic impact of the Corona pandemic caused a 6% decline in sales in the first half of 2020 (Q1/2020: +18%; Q2/2020: -24%) compared to the same period of the previous year. In the second half of 2020, sales increased by 10% (Q3/2020: +2%, Q4/2020: +16%) despite the renewed lock-down. With a doubling of trading volume, the company's own proprietary technology platform VIS.X(R) in particular contributed to this development.

The operating result (EBITDA)* in financial year 2020 improved by 125% and is expected to amount to EUR 1.8 million (2019: EUR 0.8 million). The requirements of IFRS 5 applicable to YOC AG (disclosure of discontinued operations) require an adjustment of EBITDA in the amount of EUR 0.3 million, which is included in the disclosure of EUR 1.8 million.

YOC Group's net income in financial year 2020 increased by EUR 0.8 million to an expected EUR 0.3 million (2019: EUR -0.5 million).

Sebastian Bauermann, Director Finance of YOC AG: "We expect that in the current financial year 2021 the trading volume of our technology platform VIS.X(R), which was already the driver of our company's development in the past financial year, will increase significantly. In parallel, there should be a further increase in the company's profitability."

All published figures are preliminary and unaudited. YOC AG will publish the final financial figures for the financial year 2020 on April 28, 2021 as scheduled.

* EBITDA corresponds to the definition in YOC AG's report on the first half of 2020 (available at https://yoc.com/de/investor-relations-yoc/finanzen-geschaeftsbericht/)


About YOC
YOC is a technology company and develops software for the digital advertising market. With the help of our programmatic trading platform VIS.X(R) we enable an optimal advertising experience for advertisers, publishers and users of the mobile internet and mobile applications. By using the platform VIS.X(R) and YOC's proprietary ad formats, advertisers can increase brand awareness in combination with high-quality advertising inventory. Renowned premium publishers offer global media reach and benefit from the high monetization of our platform VIS.X(R). As a pioneer in mobile advertising, the company has been operating since 2001 and has been listed in the Prime Standard of Deutsche Börse since 2009. The company's headquarters are located in Berlin. The company also operates branches in Düsseldorf, Hamburg, Vienna and Warsaw. Further information on the YOC Group and our products can be found at yoc.com.

Contact

YOC AG
Investor Relations
Greifswalder Str. 212
10405 Berlin
Tel.: +49-30-726162-0
ir@yoc.de
www.yoc.com


15.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

YOC AG

Greifswalder Str. 212

10405 Berlin

Germany

Phone:

+49 (0)30-72 61 62 322

Fax:

+49 (0)30-72 61 62 222

E-mail:

ir@yoc.com

Internet:

www.yoc.com

ISIN:

DE0005932735

WKN:

593273

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1168199


 

End of News

DGAP News Service

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