YOC AG: Preliminary figures for 2019 and growth forecast for 2020 - VIS.X trading platform as driver of corporate development (EQS Newswire)

2020-02-26 10:07

DGAP-News: YOC AG / Key word(s): Preliminary Results/Forecast
26.02.2020 / 10:07
The issuer is solely responsible for the content of this announcement.

Preliminary figures for 2019 and growth forecast for 2020 - VIS.X trading platform as driver of corporate development

- Full year 2019 with revenues of EUR 15.1 million and operating profit of EUR 0.5 million

- Q4/2019 with a positive EBITDA ratio of around 14 %

- Revenue forecast for fiscal year 2020 of EUR 17.0-18.0 million and further increase in EBITDA to EUR 1.0-1.5 million


Berlin, 26 February 2020 - YOC AG (ISIN DE0005932735) increased its sales at group level in the 2019 financial year to an expected EUR 15.1 million (2018: EUR 14.5 million) according to preliminary IFRS figures. As a result, operating result (EBITDA)* in the past 2019 financial year is expected to improve by EUR 0.1 million to EUR 0.5 million (previous year: EUR 0.4 million).

In particular, the proprietary technology platform VIS.X, which was launched at the beginning of the 2018 financial year, processed a significantly increased trading volume. The proprietary platform VIS.X enables the programmatic (automated) trading of YOC's high-impact advertising products and positions the company as a high-quality advertising technology player.

The company is expected to close the fourth quarter of 2019 with revenues of EUR 4.9 million and a positive EBITDA of EUR 0.7 million. This corresponds to an EBITDA ratio of around 14 %.

Due to the temporary closure of the UK operations and thus in compliance with the requirements of IFRS 5, the discontinued operations have to be shown separately. Further more, the prior-year figures need to be adjusted for better comparability.

As a result, sales of the continuing business segment in the past fiscal year 2019 are expected to amount to EUR 15.1 million (2018: EUR 13.9 million) with EBITDA of EUR 0.6 million (2018: EUR 0.6 million).

For the financial year 2020, the company expects rising sales of EUR 17.0 million to EUR 18.0 million with a disproportionately low increase in the cost structure and EBITDA of EUR 1.0 million to EUR 1.5 million.

Dirk-Hilmar Kraus, CEO of YOC AG: "A period of accelerated growth lies ahead of us, which will be primarily driven by our VIS.X technology platform. Our revenue is increasingly shifting towards scalable automated trading of our advertising products, which will increase our profitability".


All published figures are preliminary and unaudited. YOC AG will publish the final financial figures for the 2019 financial year as planned on 29 April 2020.

* EBITDA corresponds to the definition in YOC AG's report for the first half of 2019 (available at https://yoc.com/investor-relations/financial-reports/)


About YOC

YOC is a mobile-first ad technology company, aiming to deliver the best digital branding advertising and therefore driving superior value for advertisers, publishers and users. With VIS.X(R), our next-generation programmatic advertising platform, YOC combines efficient media trading with high impact ad formats and enables advertisers to create improved awareness for their brands with brand-safe inventory. Renowned, premium publishers are integrated with the platform providing global reach at scale. With our proprietary technology stack and a long-standing expertise, YOC is known for delivering excellent and continuous high-quality service and fast execution.
YOC was founded in 2001 and is listed in the Prime Standard at the Deutsche Börse Stock Exchange and operates offices in Amsterdam, Berlin, Dusseldorf, Hamburg, Madrid, Vienna, and Warsaw. For more information visit yoc.com.


Contact

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


26.02.2020 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: 983887

 
End of News DGAP News Service


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