Preliminary figures for Q4 and full year 2017: YOC delivers on profitable growth
- Successful Q4 with revenues of around EUR 4.3 million and positive EBITDA of EUR 0.4 million
- Full year 2017 with revenue increase of around 20 % to EUR 14.4 million and adjusted operating income of EUR 0.3 million (previous year: EUR -1.0 million)
- Development to an ad technology company provides profitability
Berlin, 27 February 2018 – According to preliminary IFRS figures, YOC AG (ISIN DE0005932735) increased its sales at group level by around 20 % to an estimated total of EUR 14.4 million in the financial year of 2017 (2016: EUR 12.0 million).
The growth of the YOC Group is driven by the continuously increasing share of automated sales via real-time trading systems (Programmatic Advertising). At the same time, the proportion of revenue generated by the company’s proprietary ad technology products is also growing globally. As a result, gross profit margin is expected to increase significantly to around 39 % (2016: 37 %). Since 2013, this figure has increased by more than 10 percentage points.
Adjusted operating earnings before depreciation and amortization (EBITDA)* improved by an estimated EUR 1.25 million in fiscal year 2017 and amounted to EUR 0.3 million (2016: EUR -1.3 million). The virtual stock option program for the benefit of the company’s executives necessitates the formation of non-scheduled provisions. The YOC Group, including these provisions, reports an expected EBITDA of EUR -0.1 million (2016: EUR -1.1 million).
Sebastian Bauermann, Director Finance of YOC AG: «In the fourth quarter we pulled off a strong finish to the year and achieved an EBITDA of around EUR 0.4 million. After reaching the break-even in 2017, we will focus on further automation and internationalization of our business model.»
All figures reported herein are preliminary and unaudited. Full financial disclosure for the financial year 2017 will be published by YOC AG as planned on April 26, 2018.
* EBITDA corresponds to the definition in the Annual Report 2016 of the YOC Group (available at https://yoc.com/investor-relations/financial-reports/).
With its growth of expertise since 2001, YOC develops innovative digital advertising formats, making them available through its marketplace for both traditional and programmatic buying. With its cutting-edge technology, developed in-house, and tremendous media coverage, the company operates at the forefront of the advertising market. YOC’s proprietary products create positive brand awareness and contribute substantially to changing the advertising market. In this way, advertising clients reach their goals – while at the same time the self-developed, unobtrusive formats improve the user experience. Thanks to its technology stack, long-standing expertise, transparent processes and an excellent service, YOC creates trust that convinces both customers and partners. YOC is listed on the Prime Standard of the Frankfurt Stock Exchange and has offices in Berlin, Düsseldorf, London, Madrid, Warsaw and Vienna.