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YOC AG: YOC AG with profit increase of EUR 0.5 million in the first quarter of 2021

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DGAP-News: YOC AG / Key word(s): Quarterly / Interim Statement/Quarter Results
26.05.2021 / 06:30
The issuer is solely responsible for the content of this announcement.

YOC AG with profit increase of EUR 0.5 million in the first quarter of 2021

Berlin, May 26, 2021 - In the first three months of the current financial year 2021, YOC AG increased revenues at Group level to EUR 3.5 million (Q1/2020: EUR 3.3 million). This was achieved despite the fact that the first quarter of 2021 was still characterized by a noticeably restrained spending volume of some advertisers. With an increase in revenue of around 5%, the company nevertheless managed to navigate through the economic consequences of the lockdown measures in the context of the COVID 19 pandemic comparatively smoothly.

Earnings before interest, taxes, depreciation and amortization (EBITDA)* improved by EUR 0.2 million to EUR 0.3 million (Q1/2020: EUR 0.1 million). Due to the further increase in profitability, net income for the first quarter of 2021 increased in parallel by EUR 0.5 million to EUR 0.3 million (Q1/2020: EUR -0.2 million). Thus, the steady improvement in the company's profitability continued even in the first quarter, which is characterized industry-wide by lower sales.

For the first half of 2021, the company expects total revenues of approximately EUR 7.5 million (H1/2020: EUR 6.2 million). Operating earnings before interest, taxes, depreciation and amortization (EBITDA) also show a further increase and are expected to amount to between EUR 0.7 million and EUR 0.8 million (H1/2020: EUR 0.5 million). Based on the steadily growing trading volume, the company's proprietary technology platform VIS.X(R) will contribute to this development in particular. The VIS.X(R) trading platform enables programmatic (automated) trading of YOC's high-impact advertising products and positions the company as a provider of high-quality advertising technology (Ad Technology).

Sebastian Bauermann, Director Finance of YOC AG: "For the first half of 2021, we expect revenue growth at Group level of around 20% compared to the same period of the previous year. This development is based on strong growth in the current second quarter of 2021. The growth trend of our company, which is driven by our technology platform VIS.X(R), will continue in the further course of 2021."

* EBITDA corresponds to the definition in YOC AG's report on the financial year 2020 (available at https://yoc.com/investor-relations/financial-reports/)

 

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 awareness for their brand or products 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


26.05.2021 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:

1200437


 

End of News

DGAP News Service

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