Annual Report 2022 YOC Group
The Ad tech Company YOC AG increased its revenue at the group level by around 24 % to EUR 23.4 million (2021: EUR 18.8 million) in the past financial year 2022 despite the challenges facing society as a whole and contrary to the market trend. At the same time, operating earnings before interest, taxes, depreciation, and amortization (EBITDA)* according to IFRS increased by around EUR 0.7 million to EUR 3.5 million (2021: EUR 2.8 million). In parallel with the significant expansion of business volume, YOC Group was able to achieve an increased consolidated net profit for the period of EUR 2.3 million (2021: EUR 2.1 million). In the previous year, one-off effects of EUR 0.2 million made a positive contribution to the consolidated net profit for the period. Adjusted for these effects, the company’s profitability also increased noticeably in the 2022 financial year.
In addition to the soar in key financial figures, YOC AG also succeeded in expanding its international presence and the product portfolio of highly effective, programmatically tradable advertising formats in the past financial year 2022:
- The existing markets of Germany, Austria, and Poland achieved strong growth, which contributed to around three-quarters of the total revenue growth;
- The acquisition of theINDUSTRY AG, based in Zurich, Switzerland, completes YOC AG’s presence in the DACH region. The initial consolidation of YOC Switzerland AG, which has since been renamed, contributed around one quarter to our overall growth;
- The gross margin ratio now increased to 45 % (2021: 43 %) due to the expansion of the functional scope of the Company’s proprietary technology platform VIS.X® and the introduction of new products;
- The introduction of YOC high-impact advertising formats for desktop advertising via VIS.X® generated 12 % of YOC Group’s total revenue.
Interim Report First Half 2023
Date of publication: August 2023