Preliminary figures for Q4 and fiscal year 2018: successful second half of the year
- Successful Q4 with sales growth of 26 % to EUR 5.4 million and a positive operating result of EUR 0.8 million
- Full year 2018 with revenues of EUR 14.5 million and operating result of EUR 0.4 million (FY 2017: EUR -0.1 million)
- Successful market launch of the VIS.X technology platform in 2018
Berlin, 13 February 2019 – According to preliminary IFRS figures, YOC AG (ISIN DE0005932735) increased its consolidated revenues to EUR 14.5 million in 2018 (FY 2017: EUR 14.4 million).
Due to the entry into force of the EU Directive on Data Protection and Privacy (GDPR) and the introduction of the Coalition for Better Ads (a global initiative in regards of digtial advertising), the first half of 2018 turned out to be very challenging for the entire industry and the company, followed up by a 15 % decline in revenues for YOC Group. In contrary, the second half of the year showed significant growth of revenues again, amounting to 15 %.
In particular, the proprietary technology platform VIS.X, which was launched on the market in the first quarter of 2018, contributed to the sales development in the second half of the year with a continuously growing share of sales. The VIS.X trading platform enables the programmatic (automated) trading of YOC’s high-impact advertising products and positions the company as a provider of premium advertising technology.
The fourth quarter delivered a pleasing development with an increase in revenues of around 26 % to EUR 5.4 million (Q4/2017: EUR 4.3 million) and is expected to end with a positive operating result (EBITDA)* of EUR 0.8 million (Q4/2017: EUR 0.4 million).
As a result, EBITDA improved by an estimated EUR 0.5 million to EUR 0.4 million in fiscal year 2018 (FY 2017: EUR -0.1 million). Previously, the Management Board of YOC AG had forecast Group revenues of approximately EUR 14.0 to 14.5 million and EBITDA of approximately EUR 0.2 million for 2018 as a whole.
Sebastian Bauermann, Director Finance at YOC AG: “We have overcome the challenges of the first half of the year and were able to return to the growth path of previous years in the second half of this year. With our VIS.X trading platform, we have a strong technology that further strengthens our relationships with our partners and, at the same time, realises significant progress in monetization”.
All figures reported herein are preliminary and unaudited. Full financial disclosure for the financial year 2018 will be published by YOC AG as planned on April 29, 2019.
* EBITDA corresponds to the definition in YOC AG’s report for the first half of 2018 (available at https://yoc.com/investor-relations/financial-reports/)
ABOUT YOC
YOC is a mobile-first ad technology company dedicated to creating the best possible digital advertising experience for advertisers, publishers and users. With VIS.X, the next generation programmatic trading platform, YOC combines efficient media trading with effective advertising formats. Customers are given the opportunity to increase brand awareness through high-quality advertising inventory. Renowned premium publishers are connected to the platform and offer a global reach. With a proprietary technology stack and many years of experience, YOC is known for excellent, high-quality service and fast execution. The company was founded in 2001 by Dirk Kraus and has been listed in the Prime Standard of Deutsche Börse since 2009. YOC has offices in Berlin, Düsseldorf, London, Madrid, Vienna, Warsaw and Amsterdam. Further information can be found at yoc.com.
CONTACT
YOC AG
Investor Relations
Greifswalder Str. 212
10405 Berlin
Tel.: +49-30-726162-0