YOC AG: Preliminary figures for 2019 and growth forecast for 2020 - VIS.X trading platform as driver of corporate development (EQS Newswire)
DGAP-News: YOC AG / Key word(s): Preliminary Results/Forecast 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
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".
* 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/)
YOC AG 26.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |