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DGAP-News: YOC AG
/ Key word(s): Half Year Report/Half Year Results
YOC AG with significant increase in Revenue and Earnings in H1/2022 Berlin, 17th August 2022 – The Ad Tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) recorded revenue growth at Group level of 26% year-on-year to EUR 9.7 million in the first half of 2022 (H1/2021: EUR 7.7 million). The bundling of all business activities on the company's own trading platform VIS.X® as well as the further expansion of the platform and product offering led to a further increase in business volume in the first half of 2022. In parallel, YOC Group increased its operating earnings before interest, taxes, depreciation and amortization (EBITDA)* by 52% to EUR 1.2 million in the reporting period (H1/2021: EUR 0.8 million). The company realized a consolidated net profit for the period of EUR 0.5 million (H1/2021: EUR 0.4 million). In the previous year, a non-operating one-off effect of EUR 0.2 million made a positive contribution to the consolidated net profit for the period. Adjusted for this effect, profitability increased by 111 %. As a result of this development, an operating cash flow of EUR 0.6 million (H1/2021: EUR 0.1 million) was generated. Revenues and earnings of YOC AG in the first half of 2022 are thus in line with the full-year forecast for 2022. Sebastian Bauermann, Director Finance of YOC AG: „In the first half of 2022, all key performance indicators of our activities, regardless of whether they are of a business or platform-related nature, increased. Despite the challenges facing society as a whole and the general economic parameters, we expect the positive development of our company to continue in the second half of the year.“ YOC AG's financial report for the first half of 2022 published today is available for download here. * EBITDA corresponds to the definition in the YOC AG report for the financial year 2021 (available at https://yoc.com/investor-relations/financial-reports/)
YOC is a technology company and develops software for the digital advertising market. Contact YOC AG
17.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | YOC AG |
| Greifswalder Str. 212 | |
| 10405 Berlin | |
| Germany | |
| Phone: | +49 (0)30-72 61 62 322 |
| Fax: | +49 (0)30-72 61 62 222 |
| E-mail: | ir@yoc.com |
| Internet: | www.yoc.com |
| ISIN: | DE0005932735 |
| WKN: | 593273 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1421783 |
| End of News | DGAP News Service |
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1421783 17.08.2022 CET/CEST
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