YOC AG with sales growth of 13% per Q3/2019
Berlin, 20 November 2019 - YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) achieved revenue growth of 13% to EUR 10.2 million in the first nine months of the fiscal year 2019 (9M/2018: EUR 9.1 million). At the same time, sales per employee increased to EUR 0.20 million (9M/2016: EUR 0.17 million).
The growth in turnover was achieved despite the fact that the company decided to reduce its activities in the United Kingdom in view of the looming Brexit situation and the unsatisfactory trading volume in the British market. In the current fourth quarter of 2019, this effect will once again have an impact on sales development.
Increased trading via the company's proprietary technology platform VIS.X(R) helps the company to increase profitability: As of September 30, 2019, operating earnings before interest, taxes, depreciation and amortization (EBITDA) improved by EUR 0.25 million to EUR -0.2 million (9M/2018: EUR -0.4 million). Thus, the steady improvement in earnings of previous years continued in the course of 2019.
Dirk Kraus, founder and CEO of the company: "We are very positive about the business year 2020 and expect an increased sales growth. This development will be driven by the steadily growing trading volume of our technology platform VIS.X(R) ".
The YOC AG financial report for 9M/2019 published today can be downloaded .
About YOC
YOC is a mobile-first ad technology company, aiming to deliver the best digital branding advertising and therefore driving superior value for advertisers, publishers and users of the mobile internet. With VIS.X(R), our next-generation programmatic advertising platform, YOC combines efficient media trading with high impact ad formats.
Advertisers using our technology are given the opportunity to create improved awareness for their brands with brand-safe inventory.
Renowned premium publishers benefit from the high monetization offered by our platform VIS.X and offer a global reach at scale. With our proprietary technology stack and a long-standing expertise, YOC is known for providing excellent and continuous high-quality service and fast delivery.
The company was founded in 2001 by Dirk Kraus and is listed in the Prime Standard at the Deutsche Börse Stock Exchange since 2009. YOC operates offices in Berlin, Dusseldorf, London, Madrid, Vienna, Warsaw and Amsterdam. For more information visit yoc.com.
Contact
YOC AG
Investor Relations
Greifswalder Str. 212
10405 Berlin
Tel.:
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