YOC exceeds revenue forecast and improves EBITDA in Q1/2017
- Revenue increase higher than expected at 36 %
- Above-average growth of automated sales
- EBITDA at EUR -0.1 million (Q1/2016: EUR -0.4 million)
Berlin, 30 May 2017 – YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) achieved more than 36 % revenue growth to EUR 3.09 million in the first quarter of 2017 (Q1/2016: EUR 2.27 million), exceeding its own forecast. As a result, the revenue per employee rose disproportionately high by 47 % to kEUR 63 (Q1/2016: kEUR 43).
In particular the British subsidiary added to the positive business development in the first quarter of 2017 with doubled revenues, consistently maintaining the upward trend from the final quarter 2016. The German-speaking markets developed at a high level with a revenue increase of around 28 %. Business in the Spanish and Polish markets went as anticipated.
The stable growth of YOC Group is based on the dynamically growing proportion of automated sales via interacting trading systems in real-time (programmatic advertising), accounting for around one third of total revenues (Q1/2016: 12 %). In the current financial year, the company will introduce further innovative ad tech products to the market for its partners, in order to unlock the profitable potential of programmatic sales for them.
Sebastian Bauermann, Director Finance at YOC AG: “The EBITDA improving from EUR -0.4 million to EUR -0.1 million in the first quarter shows that the company is constantly increasing its profitability. The positive development of the EBITDA is due to the steady revenue growth, increased gross profit margin and consistent cost efficiency of the company.”
Since its foundation in 2001, YOC has been a pioneer and market leader for mobile advertising, and is currently the leading independent provider of mobile advertising solutions within Europe. Thanks to its ground-breaking technologies such as Programmatic Media Trading and Programmatic Data Targeting, YOC enables advertisers to access specific target groups and make efficient use of their advertising budgets. YOC provides technical solutions and creative mobile advertising formats for optimised marketing of mobile advertising inventory. Already in 2012, YOC received the Mobile Gold Award from Cannes Lions for the YOC Mystery Ad format. Top international advertisers from all industries such as Microsoft, Google, Mercedes-Benz, Vodafone, Coca-Cola, Dior and Samsung work with YOC. The company has an impressive, high-quality mobile premium inventory comprising a portfolio of over 300 international publishers, with extensive coverage and guaranteed brand safety – both for branding and for performance goals. Through its technology platforms, YOC reaches mobile internet users worldwide. YOC has been listed in the Prime Standard on the Frankfurt Stock Exchange since 2009, and has offices in Berlin, Düsseldorf, London, Madrid, Warsaw and Vienna.
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