Figures for the first half of 2018 are down on the previous year. Correction of the full-year forecast.
Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014
Berlin, 06. August 2018, 17:56 CET/CEST:
According to today’s analysis of the preliminary figures for the first half of 2018, the Management Board of YOC AG expects sales revenues at group level of EUR 5.7 million (previous year: EUR 6.7 million) and EBITDA* of EUR -0.4 million (previous year: EUR -0.2 million).
For the full year 2018 the Management Board has reduced its forecast and expects now sales revenues of approximately EUR 13.0-14.0 million (previous year: EUR 14.4 million). Recently, an increase in annual sales in the lower double-digit percentage range had been forecast. As a result, the goal of further improving earnings in 2018 will not be achieved either. Rather, the Management Board expects EBITDA for full year 2018 to be approximately EUR -0.4 million.
The main reasons for the adjustment of the revenue forecast are the delay in the market launch of the new trading platform VIS.X, sales impairments as a result of the entry into force of the EU-wide basic data protection regulation (DSGVO) and the effects of the «Coalition for better Ads» initiative, which resulted in increased restraint in the digital advertising market due to stricter requirements for advertising contributions.
* EBITDA corresponds to the definition in YOC AG’s report for the first quarter of 2018 (available at: https://yoc.com/investor-relations/financial-reports/)
Notifying person: Dirk-Hilmar Kraus, Board of Directors