DGAP- News: YOC AG / Keyword(s): Quarterly Statement / Interim Statement / Quarterly Results
25.05.2022 / 06:30
YOC with 26% sales growth in Q1 2022 – economies of scale through VIS.X technology platform drive profitability
Berlin, 25 May 2022 – Advertising technology company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) recorded sales growth of around 26% to €4.4 million for the first three months of the current fiscal year 2022 compared to the same period in the previous year (3 months / 2021: 3.5 million euros).
The ever-increasing trading volume of the company’s VIS.X technology platform results in platform-typical volumetric effects and thus increased profitability, with costs only rising at a disproportionately low rate. The provision of the VIS.X platform to desktop publishers in the second half of 2021 also contributed to this development.
In the first three months of the current 2022 fiscal year, YOC Group increased its operating profit before interest, taxes, depreciation and amortization (EBITDA)* to €0.6 million (3 months / 2021: €0.3 million). The result is a consolidated profit for the period of €0.3 million (3 months / 2021: €0.3 million). Last year, the de-consolidation of YOC Spain SL contributed positively to the group’s result during this period, reaching €0.2 million. After adjusting for this one-time effect, the company continued to increase its profitability in fiscal year 2022.
Thus, YOC AG’s sales and earnings for the first quarter of 2022 are in line with full-year forecasts for 2022.
Sebastian Bormann, Chief Financial Officer, YOC AG: “For the first quarter of 2022, we are sure that the significant increase in the sales share of our VIS.X technology platform helped us increase the gross profit ratio to 43% (3 months / 2021: 40%). Our platform not only enables us to increase sales, but also to expand our profitability. This development continues.”