YOC AG
YOC AG: YOC AG with revenue growth of around 20% in the first half of FY2021 – VIS.X(R) trading platform as driver of company’s Development
DGAP-News: YOC AG
/ Key word(s): Development of Sales/Monthly Figures
YOC AG with revenue growth of around 20% in the first half of FY2021 – VIS.X(R) trading platform as driver of company’s Development Berlin, May 11, 2021 – Despite the ongoing adverse circumstances in the context of the Corona pandemic, YOC Group will increase its revenues at Group level by around 20% in the first half of financial year 2021 compared to the same period of the previous year. After a still modest first quarter of 2021 with sales revenues of EUR 3.5 million (Q1/2020: EUR 3.3 million), which was influenced by restrained spending levels of some advertisers, revenues in the second quarter of 2021 are expected to increase by more than 35% to approximately EUR 4.0 million (Q2/2020: EUR 2.9 million). In total, the company expects revenues for the first half of 2021 to amount to around EUR 7.5 million (H1/2020: EUR 6.2 million). Consequently, operating earnings before interest, taxes, depreciation and amortization (EBITDA)* in the first half of financial year2021 are expected to be EUR 0.7 million to EUR 0.8 million (H1/2020: EUR 0.5 million). Sebastian Bauermann, Director Finance of YOC AG: “The growth trend of our company, driven by our technology platform VIS.X, will continue in the second half of 2021. As a result, we expect revenues at Group level of EUR 17.0 million to EUR 18.0 million (2020: EUR 15.5 million) and an operating result (EBITDA)* of EUR 1.8 million to EUR 2.3 million (2020: EUR 1.8 million) for the full year 2021. Net income in 2021 will increase to between EUR 0.8 million and EUR 1.3 million (2020: EUR 0.3 million).” * EBITDA corresponds to the definition in YOC AG’s report on the financial year 2020 (available at https://yoc.com/investor-relations/financial-reports/) About YOC Contact YOC AG
11.05.2021 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: | 1194558 |
End of News | DGAP News Service |