YOC AG achieves significant sales growth and profit increase in H1/2021 thanks to technology platform VIS.X®
Berlin, August 18, 2021 – Ad tech company YOC AG(ISIN DE0005932735) reports revenue growth at group level of 22% year-on-year to EUR 7.7 million for the first half of 2021 (H1/2020: EUR 6.3 million).
Based on the constantly growing sales volume, the company’s proprietary technology platform VIS.X® contributed to this development, resulting in a further increase in profitability of the YOC Group at the same time.
As a result, earnings before interest, taxes, depreciation and amortization (EBITDA)* increased by EUR 0.2 million to EUR 0.8 million in the first half of 2021 (H1/2020: EUR 0.6 million). Consolidated earnings after taxes improved significantly by EUR 0.5 million to EUR 0.4 million (H1/2020: EUR -0.1 million).
Sebastian Bauermann, Director Finance of YOC AG: «Driven by the development of our VIS.X® technology platform, we are positive regarding the second half of the year. Likely, we will achieve our revenue and earnings guidance for the full year 2021 at the upper end of the forecast range.»
YOC AG’s financial report for the first half of 2021 published today is available for download here.
* EBITDA corresponds to the definition in YOC AG’s report on the financial year 2020 (available at https://yoc.com/de/investor-relations-yoc/finanzen-geschaeftsbericht/)