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YOC AG: YOC reports Revenue and earnings growth in the third quarter of 2020 through technology Platform VIS.X(R)

·3-min read

DGAP-News: YOC AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
18.11.2020 / 06:30
The issuer is solely responsible for the content of this announcement.

YOC reports Revenue and earnings growth in the third quarter of 2020 through technology Platform VIS.X(R)

Berlin, 18 November 2020 - YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) is reporting revenues of EUR 3.5 million (Q3/2019: EUR 3.4 million) for the third quarter of 2020 and has thus already been able to increase revenues year-on-year. After growth of around 20 % in the first quarter of 2020, sales declined by 24 % in the second quarter of 2020 due to the outbreak of the Corona pandemic.

Despite the economic consequences of the Corona crisis, the company was thus able to achieve a revenue level of EUR 9.8 million in the first nine months of the current fiscal year 2020, almost matching the previous year's level (9M/2019: EUR 10.2 million).

Due to the continuous increase of the trading volume of the company's proprietary technology platform VIS.X(R), which grew by 92 % in the first nine months of the current fiscal year, the company achieved an increased gross profit ratio of 39.2 % (9M/2019: 37.4 %).

In the same period of time, the YOC Group's earnings before interest, taxes, depreciation and amortization (EBITDA)* grew disproportionately by EUR 0.9 million to EUR 0.8 million (9M/2019: EUR -0.1 million).

Dirk-Hilmar Kraus, CEO of YOC AG: "We will emerge stronger from the crisis. In the current fourth quarter, the continuous growth in trading via VIS.X(R) will enable us to further increase our profitability. We therefore expect EBITDA for the full year 2020 to be between EUR 1.0 million and EUR 1.5 million, a strong increase in earnings compared to the previous year (2019: EUR 0.6 million)".

The financial report of YOC AG for the third quarter of the 2020 financial year published today can be downloaded here.

*EBITDA corresponds to the definition in the report of YOC AG for financial year 2019 (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 support 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, Madrid, 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.com
www.yoc.com


18.11.2020 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:

1148898


 

End of News

DGAP News Service

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