YOC AG with profit increase of EUR 0.5 million in the first quarter of 2021
Berlin, May 26, 2021 – In the first three months of the current financial year 2021, YOC AG increased revenues at Group level to EUR 3.5 million (Q1/2020: EUR 3.3 million). This was achieved despite the fact that the first quarter of 2021 was still characterized by a noticeably restrained spending volume of some advertisers. With an increase in revenue of around 5%, the company nevertheless managed to navigate through the economic consequences of the lockdown measures in the context of the COVID 19 pandemic comparatively smoothly.
Earnings before interest, taxes, depreciation and amortization (EBITDA)* improved by EUR 0.2 million to EUR 0.3 million (Q1/2020: EUR 0.1 million). Due to the further increase in profitability, net income for the first quarter of 2021 increased in parallel by EUR 0.5 million to EUR 0.3 million (Q1/2020: EUR -0.2 million). Thus, the steady improvement in the company’s profitability continued even in the first quarter, which is characterized industry-wide by lower sales.
For the first half of 2021, the company expects total revenues of approximately EUR 7.5 million (H1/2020: EUR 6.2 million). Operating earnings before interest, taxes, depreciation and amortization (EBITDA) also show a further increase and are expected to amount to between EUR 0.7 million and EUR 0.8 million (H1/2020: EUR 0.5 million). Based on the steadily growing trading volume, the company’s proprietary technology platform VIS.X® will contribute to this development in particular. The VIS.X® trading platform enables programmatic (automated) trading of YOC’s high-impact advertising products and positions the company as a provider of high-quality advertising technology (Ad Technology).
Sebastian Bauermann, Director Finance of YOC AG: “For the first half of 2021, we expect revenue growth at Group level of around 20% compared to the same period of the previous year. This development is based on strong growth in the current second quarter of 2021. The growth trend of our company, which is driven by our technology platform VIS.X®, will continue in the further course of 2021.”
* EBITDA corresponds to the definition in YOC AG’s report on the financial year 2020 (available at https://yoc.com/investor-relations/financial-reports/)
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