DGAP-News: YOC AG / Key word(s): Incoming Orders/Development of Sales
YOC with revenue growth in Q3/2020 - further increase in sales because of VIS.X(R) technology platform
Berlin, 15 September 2020 - In the third quarter of 2020, YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) stopped the downward trend in revenue of the second quarter of 2020 caused by the Corona crisis. According to initial projections, revenues in the third quarter of 2020 are expected to amount to between EUR 3.5 million and EUR 3.6 million and thus exceed the level of the same period of the previous year (Q3/2019: EUR 3.4 million).
Until the outbreak of the Corona Pandemic, YOC AG's sales growth at group level was around 20 % compared to the previous year. Due to the subsequent reluctance of advertisers in the period from March to May 2020, the company had to accept an increasing number of order cancellations, resulting in a 24 % drop in sales in the second quarter of 2020.
As a consequence, the revenue level of the previous year (9M/2019: EUR 10.2M) is expected to be almost reached already at the end of the third quarter of the current fiscal year 2020, despite the consequences of the Corona Pandemic.
Sebastian Bauermann, Director of Finance at YOC AG: "Due to the continuous increase in the trading volume of our technology platform VIS.X(R), we have already reached the previous year's revenue level again. At the same time, we will significantly increase the company's profitability not only in the third quarter of 2020, but also in the first nine months of fiscal year 2020."
YOC AG's report on the third quarter of 2020 will be published on 18 November 2020.
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.
15.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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