Financial reports
Annual Report 2023 YOC Group
The ad tech company YOC AG increased its consolidated revenue in the past financial year 2023 by around 31% to EUR 30.6 million (2022: EUR 23.4 million). At the same time, operating earnings before interest, taxes, depreciation, and amortization (EBITDA)* according to IFRS increased by around EUR 0.9 million to EUR 4.4 million (2022: EUR 3.5 million). The consolidated net income rose to EUR 2.9 million (2022: EUR 2.3 million).
In addition to the growth in key financial figures, YOC AG also expanded its international presence as well as its platform and product offerings:
- Expansion of business activities and continuous expansion of platform functionalities led to strong growth, accounting for 80% of the total revenue increase;
- Market entry into the Northern European region through the acquisition of Nostemedia Oy based in Helsinki. The initial consolidation of the subsequently renamed YOC Finland Oy contributed approximately 20% to the overall growth;
- Integration of the VIS.X® Artificial Intelligence (VIS.X® AI), an innovative module of the VIS.X® technology platform, which combines extensive algorithms and machine learning models. Based on the internally developed artificial intelligence, advertising customers benefit from significantly improved performance metrics of their deals and campaigns;
- Introduction of the YOC Universal Video Solution based on VIS.X® AI. With the YOC Universal Video Solution, video formats are automatically converted into various high-impact advertising formats to achieve maximum visibility and attention;
- Standardization and automation of business processes lead to efficiency gains and enable further expansion of business activities.
Upcoming:
Interim Report first Quarter 2024
Date of publication: May 2024