YOC AG accelerates growth dynamics in the third quarter of 2022
Berlin, 16 November 2022 – The Ad Tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) again recorded significant year-on-year revenue growth of 29% to EUR 15.0 million in the first nine months of financial year 2022 (9M/2021: EUR 11.7 million). In this context, all of the company’s regional locations continued to develop positively with a significant increase in revenue compared to the same period of the previous year. In the national market, total sales increased by 26% compared to the same period of the previous year. Sales from international operations increased by 32%.
Earnings before interest, taxes, depreciation, and amortization (EBITDA)* increased by 56% to EUR 1.8 million in the reporting period (9M/2021: EUR 1.2 million). The Company’s consolidated profit for the period grew by EUR 0.3 million to EUR 0.8 million (9M/2021: EUR 0.5 million).
Sebastian Bauermann, Director Finance of YOC AG. „In the course of the year to date, the YOC Group’s business model has proven resilient to the recent macroeconomic challenges, the effects of which are putting pressure on the overall economy. The dynamic growth of our company is expected to continue in the coming quarters. “
Revenues and earnings of YOC AG for the first nine months of financial year 2022 are thus in line with the full year forecast for 2022.
YOC AG’s financial report for the third quarter of 2022 published today is available for download here.
* EBITDA corresponds to the definition in YOC AG’s annual report for the financial year 2021 (see page 11); available at: https://yoc.com/investor-relations/financial-reports/
YOC is a technology company and develops software for the digital advertising market. By combining its programmatic trading platform VIS.X® and YOC’s high-impact advertising formats, the company enables an optimal advertising experience for advertisers, publishers and users of the internet and mobile apps. By using VIS.X® and YOC’s high-impact advertising formats, advertisers are able to increase their brand awareness in combination with high-value advertising inventory. Renowned premium publishers offer global media reach and benefit from the high monetization of VIS.X®. As a pioneer of mobile advertising, YOC has been on the market since 2001 and has been listed in the Prime Standard of the Frankfurt Stock Exchange since 2009.