YOC AG: YOC AG meets all fiscal 2021 revenue and profit targets based on preliminary figures


DGAP-News: YOC AG / Key word(s): Preliminary results/Evolution of sales

YOC AG: YOC AG meets all fiscal 2021 revenue and profit targets based on preliminary figures

08.02.2022 / 06:30
The issuer is solely responsible for the content of this announcement.

YOC AG achieves all fiscal 2021 revenue and profit targets based on preliminary figures

  • The VIS.X(R) technology platform as a driving force for business development
  • Revenue of €18.8 million (2020: €15.5 million) and net profit of
  • €1.8 million (2020: €0.3 million)
  • Solid Q4/2021 with sales up 26% to €7.2m and EBITDA up 100% year-on-year to €1.6m
  • Continued dynamic growth and increased profitability expected

Berlin, 08 February 2022 – According to preliminary IFRS figures, advertising technology company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) increased its group-level revenue in fiscal year 2021 by around 22% year-on-year to reach an estimated amount of €18.8 million (2020: €15.5 million), in line with the guidance published in December 2021.

In particular, the company’s proprietary technology platform, VIS.X(R), has contributed to this development by doubling its trading volume.

Earnings from operations before interest, taxes, depreciation and amortization (EBITDA*) improved by 56%, also in line with the December 2020 guidance, and is expected to amount to around €2.8 million (2020: €1.8 million). The net result increased by approximately EUR 1.5 million to EUR 1.8 million expected (2020: EUR 0.3 million).

As a result of this development, operating cash flow of approximately €2.7 million (2020: €1.0 million) was generated. The change in funds, after investments for an amount of EUR 1.1 million and repayment of financial debts of EUR 0.7 million, amounted to approximately EUR 0.9 million (2020: -0 .1 million EUR). As a result, YOC AG’s cash and cash equivalents thus increased to approximately EUR 1.8 million (2020: EUR 0.9 million) as of December 31, 2021.

In the seasonally important fourth quarter, the company is expected to achieve an increase in sales of around 26% to 7.2 million euros (Q4/2020: 5.7 million euros). Earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to be €1.6 million (Q4/2020: €0.8 million), representing an EBITDA ratio of 22%.

Sebastian Bauermann, CFO of YOC AG: “The 2021 financial year, with an increase in sales of more than 20%, was decisive for us. We expect further dynamic growth and a concomitant increase in profitability.”

* EBITDA corresponds to the definition of the report of the third quarter 2021 of YOC AG (available on: https://yoc.com/investor-relations/financial-reports/)

All published figures are preliminary and unaudited. YOC AG will publish final sales figures for the 2021 financial year as planned on April 27, 2022.

About the CJO
YOC is a technology company that develops software for the digital advertising market.
By combining its programmatic trading platform VIS.X(R) and YOC’s high-impact advertising formats, the company enables an optimal advertising experience for advertisers, publishers and users of the mobile Internet and mobile applications. By using VIS.X(R) and YOC’s high-impact ad formats, advertisers are able to increase brand awareness in combination with high-value ad inventory. Renowned premium publishers offer global media reach and benefit from the high monetization of VIS.X(R). As a pioneer in mobile advertising, YOC has been on the market since 2001 and has been listed on the Prime Standard of the German Stock Exchange since 2009.

Contact

YOC S.A.
Investor Relations
Greifswalder Str. 212
10405Berlin
Phone. : +49-30-726162-0
[email protected]
www.yoc.com

08.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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