DGAP-News: YOC AG / Key word(s): Quarterly / Interim Statement/Half Year Results
YOC with moderate decline in turnover in H1/2020 - Increase in profitability through VIS.X(R) platform
Immediately at the beginning of the crisis, the company introduced countermeasures to limit the economic impact and, as a result, achieved significant cost savings. In parallel with this development, the share of sales of internally developed Ad Tech products continued to increase, with the result that the company's gross profit margin rose to 38.6% in the first six months of 2020 (H1/2019: 37.3%).
In the first half of 2020, earnings before interest, taxes, depreciation and amortisation (EBITDA)* at Group level increased to EUR 0.4 million (previous year: EUR 0.05 million) despite the corona pandemic. Thus, the company's steady improvement in earnings continues.
As a supporting measure, the company agreed with its principal banks to provide working capital lines totalling EUR 0.4 million, and has thus had additional liquidity margin since the start of the third quarter.
Dirk-Hilmar Kraus, CEO of YOC AG: "The automated trading of our high-impact advertising formats is extremely resistant to the corona crisis: The trading volume of our technology platform VIS.X(R) grew by 91 % in the first half of 2020 compared to the same period of the previous year. The increased trading via VIS.X(R) helps us to further increase profitability. We will emerge stronger from the crisis.
The financial report of YOC AG for the first half of the 2020 financial year published today can be downloaded here.
*EBITDA corresponds to the definition in YOC AG's report on the 2019 financial year (available at https://yoc.com/investor-relations/financial-reports/)
YOC is a mobile-first ad technology company dedicated to creating the best possible digital advertising experience for advertisers, publishers and users. With VIS.X(R), the next generation programmatic trading platform, YOC combines efficient media trading with high-impact advertising formats. Customers are given the opportunity to increase brand awareness through high-quality advertising inventory. Renowned premium publishers are connected to the platform and offer a global reach. With a proprietary technology stack and many years of experience, YOC is known for excellent, high-quality service and fast execution. The company was founded in 2001 by Dirk Kraus and has been listed in the Prime Standard of Deutsche Börse since 2009. YOC has offices in Amsterdam, Berlin, Düsseldorf, Hamburg, Madrid, Warsaw and Vienna. Further information can be found at yoc.com.
|Greifswalder Str. 212|
|Phone:||+49 (0)30-72 61 62 322|
|Fax:||+49 (0)30-72 61 62 222|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1120289|
|End of News||DGAP News Service|