YOC AG with revenue growth of 40% in the second quarter of 2021 – VIS.X® trading platform as a driver of the company’s progress
Berlin, August 05, 2021 – The ad tech company YOC AG (ISIN DE0005932735) reports a year-on-year revenue growth of around 40% to EUR 4.2 million (Q2/2020: EUR 3.0 million) for the past second quarter of 2021.
After a first quarter of 2021 with moderate growth, which was still marked by restrained spending volumes of some advertisers due to lockdown measures in some markets, YOC Group’s revenues in the first half of 2021 amounted to a total of EUR 7.7 million (H1/2020: EUR 6.3 million). Revenue growth in the first six months of the current financial year 2021 was thus increased by around 22 % compared to the same period of the previous year.
As a result, the company improved its earnings before interest, taxes, depreciation and amortization (EBITDA)* by around 35% to EUR 0.8 million (H1/2020: EUR 0.6 million) in the first half of 2021.
Sebastian Bauermann, Director Finance of YOC AG: “The growth trend of our company, which is driven by our technology platform VIS.X®, will continue in the further course of 2021. In parallel, there will be a further increase in the company’s profitability.”
YOC AG will publish its report on the first half of 2021 as scheduled on August 18, 2021.
* 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/)