Fiscal year 2018 with positive development and growth outlook for 2019
- Revenues for 2018 at EUR 14.5 million and operating result (EBITDA) of EUR 0.4 million (previous year: EUR -0.1 million)
- Successful market launch of the technology platform VIS.X® in 2018
- Sales growth of at least 10 % expected in fiscal year 2019
Berlin, 29 April 2019 – YOC AG (ISIN DE0005932735) increased its sales at Group level to EUR 14.5 million (2017: EUR 14.4 million) in the past 2018 financial year. Earnings before interest, taxes, depreciation and amortization (EBITDA)* according to IFRS amounted to around EUR 0.4 million (2017: EUR -0.1 million).
After the first half of 2018 was challenging for the entire industry and for the company, with a 15% decline in revenues due to the entry into force of the EU Directive on the General Data Protection Regulation (GDPR) and the introduction of the Coalition for Better Ads (a global initiative with regard to digital advertising), the company was able to achieve revenue growth of around 15% again in the second half of the year and thus return to the growth path of previous years. Trading volumes increased significantly in the third and fourth quarter.
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 highly effective advertising products and positions the company as a provider of high-quality advertising technology (Ad Technology).
Consequently, a slight increase in sales to EUR 14.5 million (2017: EUR 14.4 million) was achieved in fiscal year 2018. In addition, the profitability of the YOC Group was further increased, as in previous years. For 2018, operating earnings before depreciation and amortisation (EBITDA) amounted to EUR 0.4 million, EUR 0.5 million higher than in the previous year (2017: EUR -0.1 million).
Sebastian Bauermann, Director Finance of YOC AG: “The focus in the current fiscal year 2019 will be on the further development of our platform as well as a significantly increasing trading volume, which will be settled via VIS.X®. For the 2019 financial year, we expect sales revenues to grow by at least 10% with a disproportionately low increase in the cost structure. As a result, we anticipate a further increase in profitability. The development in the first half of 2019 makes us confident in this respect.”
YOC AG’s financial report for the 2018 financial year, published today, is now available for download here.
* EBITDA corresponds to the definition in YOC AG’s report on the 2018 financial year (available at https://yoc.com/nl/investor-relations-nl/financial-reports/).
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 high-impact 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.
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