YOC AG: YOC with 26 % Revenue growth in Q1/2022 – economies of scale through VIS.X® technology platform increases profitability further
DGAP-News: YOC AG
/ Key word(s): Quarterly / Interim Statement/Quarter Results
YOC with 26 % Revenue growth in Q1/2022 – economies of scale through VIS.X® technology platform increases profitability further
Berlin, 25 May 2022 – The ad tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) reports year-on-year revenue growth of around 26 % to EUR 4.4 million for the first three months of the current financial year 2022 (3M/2021: EUR 3.5 million).
The continuously increasing trading volume, with only a disproportionately low rise in costs, is leading to economies of scale typical for platform driven business models and thus to increased operating profitability. The rollout of the VIS.X® platform to desktop publishers in the second half of 2021 further contributed to this development.
In the first three months of the current financial year 2022, YOC Group increased its operating earnings before interest, taxes, depreciation and amortization (EBITDA)* to EUR 0.6 million (3M/2021: EUR 0.3 million). The result is a consolidated net profit for the period of EUR 0.3 million (3M/2021: EUR 0.3 million). In the previous year, the deconsolidation of YOC Spain S.L. made a positive contribution of EUR 0.2 million to the consolidated result for the period. Adjusted for this one-off effect, the company thus continued to increase its profitability in financial year 2022.
Revenues and earnings of YOC AG in the first quarter of 2022 are thus in line with the full year guidance for fiscal year 2022.
Sebastian Bauermann, Director Finance of YOC AG: „For the first quarter of 2022, we positively note that the significantly increased revenue share of our VIS.X® technology platform helped us to increase the gross profit margin up to 43 % (3M/2021: 40 %). Our platform thus enables us not only to increase revenues and also to expand our profitability. This development will be continuing.”
* EBITDA corresponds to the definition in YOC AG’s annual report for the financial year 2021 (see page 11); available at: https://yoc.com/investor-relations/financial-reports/
|Greifswalder Str. 212|
|Phone:||+49 (0)30-72 61 62 322|
|Fax:||+49 (0)30-72 61 62 222|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1359821|
|End of News||DGAP News Service|
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