YOC reports sales and earnings growth in the third quarter of 2020 through technology platform VIS.X®
Berlin, 18 November 2020 – YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) is reporting revenues of EUR 3.5 million (Q3/2019: EUR 3.4 million) for the third quarter of 2020 and has thus already been able to increase revenues year-on-year. After growth of around 20 % in the first quarter of 2020, sales declined by 24 % in the second quarter of 2020 due to the outbreak of the Corona pandemic.
Despite the economic consequences of the Corona crisis, the company was thus able to achieve a revenue level of EUR 9.8 million in the first nine months of the current fiscal year 2020, almost matching the previous year’s level (9M/2019: EUR 10.2 million).
Due to the continuous increase of the trading volume of the company’s proprietary technology platform VIS.X®, which grew by 92 % in the first nine months of the current fiscal year, the company achieved an increased gross profit ratio of 39.2 % (9M/2019: 37.4 %).
In the same period of time, the YOC Group’s earnings before interest, taxes, depreciation and amortization (EBITDA)* grew disproportionately by EUR 0.9 million to EUR 0.8 million
(9M/2019: EUR -0.1 million).
Dirk-Hilmar Kraus, CEO of YOC AG: «We will emerge stronger from the crisis. In the current fourth quarter, the continuous growth in trading via VIS.X® will enable us to further increase our profitability. We therefore expect EBITDA for the full year 2020 to be between EUR 1.0 million and EUR 1.5 million, a strong increase in earnings compared to the previous year (2019: EUR 0.6 million)».
The financial report of YOC AG for the third quarter of the 2020 financial year published today can be downloaded here.
*EBITDA corresponds to the definition in the report of YOC AG for financial year 2019 (available at https://yoc.com/de/investor-relations-yoc/finanzen-geschaeftsbericht/)