YOC AG back on growth track in the second half of 2018
- Revenue decline of the first half of 2018 stopped
- Balanced operating result in the third quarter of 2018
- Continuous increase in trading volumes on the VIS.X platform
Berlin, 22 November 2018 – In the third quarter of 2018, YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) stopped the negative revenue trend of the first half of 2018. In the third quarter of 2018, revenues of EUR 3.3 million were generated, which is already on previous year’s level. At the same time, this corresponds to a revenue increase of 11 % compared to the previous quarter (Q2/2018: EUR 3.0 million) and the achievement of a balanced operating result before depreciation and amortization (Q3/2017: EUR -0.2 million).
As a consequence, the company recorded revenues of EUR 9.1 million (9M/2017: EUR 10.1 million) in the first nine months of fiscal year 2018. The decline in sales in the current fiscal year was thus reduced to 10%. The operating result before depreciation and amortization (EBITDA) 9M/2018 remained at the previous year’s level of EUR -0.4 million.
In the third quarter of 2018, the company expanded its product portfolio with the introduction of the YOC Mystery Scroller, a further high impact advertising format that has already made a noticeable contribution to sales development. With the successive development of new product lines, the YOC Group is pursuing the strategic goal of continuously providing the market with innovative, high-quality advertising products.
As one of the first market players, YOC signed the Code of Conduct of the German Association for the Digital Economy (BVDW) and committed itself to act transparently and in accordance with the rules and regulations set out in this Code of Conduct and to contribute to improving the quality of the market. For YOC, strengthening competitiveness implies acceptance of and compliance with standards in programmatic advertising.
Sebastian Bauermann, Director Finance of YOC AG: “In the course of the publication of the nine-month report, I expect further positive revenue and earnings development for the second half of 2018, so that we will already be back on the growth path compared to the second half of the 2017 financial year. The decisive factor for this will be the continuously growing turnover of our proprietary trading platform for programmatic advertising VIS.X.”
YOC AG’s financial report for 9M/2018, published today, can be downloaded from https://yoc.com/investor-relations/.
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