EQS-News

YOC AG: FINANCIAL YEAR 2023 WITH REVENUE GROWTH OF 31% AND EXPANSION OF PROFITABILITY BASED ON PRELIMINARY FIGURES

EQS-News: YOC AG / Key word(s): Preliminary Results/Development of Sales YOC AG: FINANCIAL YEAR 2023 WITH REVENUE GROWTH OF 31% AND EXPANSION OF PROFITABILITY BASED ON PRELIMINARY FIGURES 06.02.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. YOC AG: FINANCIAL YEAR 2023 WITH REVENUE GROWTH OF 31% AND EXPANSION OF PROFITABILITY BASED ON PRELIMINARY FIGURES

• VIS.X technology platform as the driver of the company's development
• Increase in revenue to EUR 30.6 million (2022: EUR 23.4 million) 
• EBITDA of EUR 4.3 million (2022: EUR 3.5 million)
• Q4/2023 with a revenue growth of around 30% to EUR 10.9 million and an 75% increase in EBITDA to EUR 2.9 million compared to the same period of the previous year
• Further dynamic growth and increase in profitability expected

Berlin, February 06, 2024 - According to preliminary IFRS figures, the ad tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) increased its consolidated revenue in financial year 2023 by around 31% year-on-year to an expected EUR 30.6 million (2022: EUR 23.4 million). 

Parallel to the increase in transaction volume, which is now processed entirely via the company's proprietary technology platform VIS.X, all markets in which YOC Group operates saw a significant increase in revenue compared to the same period last year.

Against this backdrop, earnings before interest, taxes, depreciation, and amortization (EBITDA)* improved to an expected EUR 4.3 million (2022: EUR 3.5 million). As a result, consolidated net income for the period is expected to increase to around EUR 2.8 million (2022: EUR 2.3 million). 

In the seasonally important fourth quarter, the company is expected to have increased sales by around 30% to approximately EUR 10.9 million (Q4/2022: EUR 8.4 million). Earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to have amounted to around EUR 2.9 million (Q4/2022: EUR 1.6 million), resulting in an EBITDA margin of 27%.