YOC with revenue growth of 18 % in Q1/2023 – VIS.X® technology platform as a driver of corporate development
Berlin, 15 May 2023 – In the first three months of the current financial year 2023, the ad tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE0005932735) was able to increase revenues at group level by 18 % to EUR 5.2 million (Q1/2022: EUR 4.4 million). All the company’s regional locations continued to develop positively with a significant increase in turnover compared to the same period of the previous year.
Parallel to this development, the gross profit ratio improved to 44 % (Q1/2022: 43 %). The company’s own technology platform VIS.X® contributed to this development in particular.
The takeover of Nostemedia Oy and a noticeable increase in personnel in further platform development, sales, and in the context of internationalization cause an increase in the number of employees and thus in the company’s personnel expenses in the first quarter of 2023.
Consequently, the operating result before interest, taxes, depreciation, and amortization (EBITDA)* amounted to EUR 0.3 million in the reporting period (Q1/2022: EUR 0.6 million). Consolidated profit for the period amounted to EUR 0.0 million (Q1/2022: EUR 0.3 million).
YOC AG’s revenue and earnings for the first quarter of 2023 are thus in line with the full-year forecast for 2023.
Sebastian Bauermann, Chief Financial Officer (CFO) of YOC AG: «In the seasonally weaker first quarter of 2023, we are satisfied with a revenue growth of around 18 %. With a very good start into the new fiscal year, we expect our growth momentum to strengthen.»
YOC AG will publish the report in the first quarter of 2023 as scheduled on 24 May 2023.
* EBITDA corresponds to the definition in the YOC AG Annual Report for the financial year 2022 (available at https://yoc.com/investor-relations/financial-reports/)
YOC is a technology company that develops software for the digital advertising market. With the help of our programmatic commerce platform VIS.X®, we enable an optimal advertising experience for advertisers, publishers, and users of the mobile internet and mobile apps. Advertisers get the opportunity to increase their brand awareness in combination with premium advertising inventory by using VIS.X® and YOC’s high-impact advertising formats. Renowned premium publishers offer global media reach and benefit from the high monetization of our VIS.X® platform. As a pioneer of mobile advertising, the company has been on the market since 2001 and has been listed in the Prime Standard of the Frankfurt Stock Exchange since 2009.